Investment Summary

Sterling Investment Partners Invests In HeartLand

On August 30, 2019, private equity firm Sterling Investment Partners invested in business services company HeartLand

Investment Highlights
  • This is Sterling Investment Partners’ 3rd transaction in the Business Services sector.
  • This is Sterling Investment Partners’ 24th transaction in the United States.
  • This is Sterling Investment Partners’ 2nd transaction in Missouri.
Investment Fate
  • HeartLand was sold to a consortium of financial buyers in 2023.

Investment Summary

Date 2019-08-30
Target HeartLand
Sector Business Services
Investor(s) Sterling Investment Partners
Deal Type Growth Capital

Target

HeartLand

Kansas City, Missouri, United States
website
HeartLand is a premier provider of commercial landscape and facilities services, currently operating in five markets across the Central United States. Services include full-service maintenance (mowing, pruning, fertilization and chemical, irrigation, bed maintenance, and annual flowers), landscape enhancements (property upgrades and renovations), and winter services (de-icing and snow removal). HeartLand is based in Kansas City, Missouri.

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Investor(S) 1

Investor

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sterling Investment Partners is a private equity firm that seeks investments in middle-market businesses with strong market share and high growth potential. Sterling looks for companies generating revenues of $50 to $500 million and EBITDA of $15 to $50 million. Sectors of interest include outsourcing/business services, niche manufacturing & industrial, transportation & logistics, unique distribution, technology-related, energy services, and consumer products & services. Sterling Investment Partners dates back to 1991 and is based in Westport, Connecticut.


DEAL STATS #
Overall 24 of 29
Sector (Business Services) 3 of 6
Type (Growth Capital) 4 of 6
State (Missouri) 2 of 2
Country (United States) 24 of 29
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Lipari Foods

Warren, Michigan, United States

Lipari Foods is a distributor of perimeter-of-the-store, specialty, and branded food products, serving over 6,300 customers throughout the Midwest and beyond. The Company’s products span the deli, bakery, dairy, specialty retail, seafood, packaging, confections, ethnic, and organic categories, providing customers with the broadest selection of largely perishable on-trend, perimeter-of-the-store, and specialty products. Lipari Foods was founded in 1963 and is based in Warren, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-13 AIMS Companies

Scottsdale, Arizona, United States

AIMS Companies is a provider of infrastructure inspection, maintenance, and support services to the municipal, utility, industrial and energy end markets. AIMS Companies is based in Scottsdale, Arizona.

Buy -