M&A Deal Summary

The Sterling Group Acquires Tangent Technologies

On January 1, 2018, private equity firm The Sterling Group acquired plastics company Tangent Technologies

Acquisition Highlights
  • This is The Sterling Group’s 1st transaction in the Plastics sector.
  • This is The Sterling Group’s 34th transaction in the United States.
  • This is The Sterling Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-01-01
Target Tangent Technologies
Sector Plastics
Buyer(s) The Sterling Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Lincoln International (Financial)

Target

Tangent Technologies

Aurora, Illinois, United States
website
Tangent Technologies LLC is a premier provider of plastic lumber solutions serving the outdoor living market. Tangent manufactures high-density polyethylene (“HDPE”) lumber used for outdoor furniture, site amenities, structural applications, and marine decking.

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Buyer(S) 1

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.

DEAL STATS #
Overall 37 of 48
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 16 of 19
State (Illinois) 1 of 2
Country (United States) 34 of 45
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 CST Industries

Kansas City, Kansas, United States

CST Industries is a manufacturer and erector of factory coated metal storage tanks. CST's product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST Industries was established in 1893 and is based in Kansas City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Safe Fleet

Belton, Missouri, United States

Safe Fleet is a provider of safety solutions for fleet vehicles. Safe Fleet owns a portfolio of brands that help its customers improve the safety and efficiency of their fleets, their operators, passengers and pedestrians. Safe Fleet was founded in 2013 and is based in Belton, Missouri.

Sell -
Mergr

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