Sterling Investment Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sterling Investment Partners has acquired 5 companies. It has also invested in 1 other.

Sterling Investment Partners’ most common sectors for investment arebusiness services (20%) and distribution (17%) . The Firm’s most common investment types include secondary buyout (42%) and buyout (lbo, mbo, mbi) (30%). In total, Sterling Investment Partners has invested in 18 US states. Its largest (disclosed) acquisition occurred in 2001 when it acquired Kenan Advantage Group for $176M.

In the last 3 years, Sterling Investment Partners has exited 5 companies. The Firm’s most common exit type is secondary buyout (55%). Sterling Investment Partners’ largest (disclosed) exit occurred in 2008 when it sold The CBORD Group for $367M.

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M&A Summary

  • M&A Total Activity53
    • M&A Buy Activity31
    • M&A Sell Activity22
  • Total Sectors Invested 17
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 9

Sterling Investment Partners

Sterling Investment Partners Advisers LLC

285 Riverside Avenue, Suite 300,
Westport, Connecticut 06880-4806
United States
(203) 226-8711
www.sterlinglp.com

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.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Food, Furniture, Internet Software and Services, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Oil/Gas Exploration, Restaurants, Retail, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Acquisition Financing, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic

Transaction Criteria Min Max
Target Revenue 50 500
Target EBITDA 15 50
Investment Size 75 300
Enterprise Value 150 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 24 1 2 1 1 2 31
vol $326M $326M
Sell (1.0/yr) # 17 - 2 1 2 - 22
vol $647M $647M
  53

Most Recent M&A

Company Date Value Type
Protect 2024-11-12 - Secondary Buyout
Wichita, Kansas · www.protect.llc
Verdantas LLC 2024-05-07 - Secondary Buyout
Dublin, Ohio · www.verdantas.com
HeartLand 2023-12-14 - Secondary Sale
Kansas City, Missouri · www.heartlandcompany.com
Anser Advisory LLC 2023-06-21 - Trade Sale
Cypress, California · www.anseradvisory.com
Florida Veg Investments LLC 2023-05-04 - Secondary Buyout
Miami, Florida · www.mrgreensproduce.com
W.A. Kendall and Co., Inc. 2022-04-26 - Secondary Buyout
Lawrenceville, Georgia · www.kendallco.net
American West Restaurant Group 2022-02-02 - Secondary Sale
Orange, California · www.pizzahut.com
Camp Facility Services 2021-11-16 - Growth Capital
Houston, Texas · www.campconstruction.com
All My Sons Moving & Storage 2021-10-26 - Recapitalization
Carrollton, Texas · www.allmysons.com
Marcone Appliance Parts Co. 2021-06-01 - Secondary Sale
St Louis, Missouri · www.marcone.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Banner Industries 2018-01-09 Supra Alloys 2020-06-02 3
Carol Stream, Illinois · www.banner-industries.com Camarillo, California · www.supraalloys.com
Banner Industries 2018-01-09 EDGE International 2020-06-02 2
Carol Stream, Illinois · www.banner-industries.com Dayton, Ohio · www.edgeintl.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 2 (20%) - 6 (19%) -
Distribution 2 (20%) - 5 (16%) -
Transportation - - 4 (13%) 176M (54%)
Retail - - 2 (6%) 150M (46%)
Metals/Mining 1 (10%) - 2 (6%) -
Automotive 1 (10%) - 1 (3%) -
Construction 1 (10%) - 1 (3%) -
Education - - 1 (3%) -
Engineering 1 (10%) - 1 (3%) -
Environmental 1 (10%) - 1 (3%) -
Furniture 1 (10%) - 1 (3%) -
Information Services - - 1 (3%) -
Internet Software and Services - - 1 (3%) -
Machinery - - 1 (3%) -
Manufacturing - - 1 (3%) -
Restaurants - - 1 (3%) -
Technology Hardware - - 1 (3%) -
Total 10 - 31 $326M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 31 (100%) 326M (100%)
  Illinois 2 (20%) - 3 (10%) -
  Georgia 2 (20%) - 3 (10%) -
  Ohio 1 (10%) - 3 (10%) 176M (54%)
  California - - 3 (10%) -
  Texas 1 (10%) - 2 (6%) -
  Florida 1 (10%) - 2 (6%) -
  New York - - 2 (6%) 150M (46%)
  New Jersey - - 2 (6%) -
  Missouri - - 2 (6%) -
  Arizona 1 (10%) - 1 (3%) -
  Kansas 1 (10%) - 1 (3%) -
  Indiana 1 (10%) - 1 (3%) -
  Pennsylvania - - 1 (3%) -
  North Carolina - - 1 (3%) -
  Michigan - - 1 (3%) -
  Massachusetts - - 1 (3%) -
  Maryland - - 1 (3%) -
  Connecticut - - 1 (3%) -
Total 10 - 31 $326M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 6 (60%) - 13 (42%) -
Buyout (LBO, MBO, MBI) 1 (10%) - 9 (29%) 150M (46%)
Growth Capital 3 (30%) - 6 (19%) -
Going Private - - 2 (6%) 176M (54%)
Recapitalization - - 1 (3%) -
Total 10 - 31 $326M

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (59%) -
Trade Sale - Public Company 3 (14%) 647M (100%)
IPO 3 (14%) -
Bankruptcy 1 (5%) -
Recapitalization 1 (5%) -
Trade Sale 1 (5%) -
Total 22 $647M

Top M&A Advisors

Financial Deals
Alvarez & Marsal
 1
Harris Williams & Co.
 1
Lincoln International
 1
Legal Deals
Dechert
 2
Seyfarth Shaw
 2
Fulbright & Jaworski LLP
 2

Deal Values

buy # Total
$100M to $1B 2 $326M
TOTAL $326M
Largest Kenan Advantage Group, Inc.
$176M (2001-01-26)
sell # Total
$100M to $1B 2 $647M
TOTAL $647M
Largest The CBORD Group, Inc.
$367M (2008-03-17)

M&A Connections

Deals
Acquired from
Investor(s)
39%
12 (39%)
Exited to
Investor(s)
59%
13 (59%)
Strategic(s)
18%
4 (18%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

2.9B USD

Established

1991

Specialist/Generalist

Generalist

Leadership

Charles Santoro

Co-Founder & Managing Partner

Douglas Newhouse

Co-Founder & Managing Partner

M. William Macey

Co-Founder & Managing Partner

Amy Weisman

Managing Director, Business Development

David Kahn

Senior Managing Director, Business Development

FAQ

When was Sterling Investment Partners founded?

Sterling Investment Partners was founded in 1991.

What type of investor is Sterling Investment Partners?

Sterling Investment Partners is a private equity firm.

Where is Sterling Investment Partners headquartered?

Sterling Investment Partners is headquartered in Westport, Connecticut.

How much capital does Sterling Investment Partners have under management?

Sterling Investment Partners has 2.9B USD under management.

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