M&A Deal Summary

Sterling Investment Partners Acquires Protect

On November 12, 2024, private equity firm Sterling Investment Partners acquired environmental company Protect from Spire Capital Partners

Acquisition Highlights
  • This is Sterling Investment Partners’ 1st transaction in the Environmental sector.
  • This is Sterling Investment Partners’ 31st transaction in the United States.
  • This is Sterling Investment Partners’ 1st transaction in Kansas.

M&A Deal Summary
Date 2024-11-12
Target Protect
Sector Environmental
Buyer(s) Sterling Investment Partners
Sellers(s) Spire Capital Partners
Deal Type Secondary Buyout

Target

Protect

Wichita, Kansas, United States
Protect provides non-destructive testing, safety, industrial hygiene, environmental and insurance services to over 200 customers across the U.S. PROtect’s services, the majority of which are federally mandated, help clients mitigate business risks and maintain compliance with regulations. Protect was established in 2007 and is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

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 31 of 31
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 13 of 13
State (Kansas) 1 of 1
Country (United States) 31 of 31
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Verdantas

Dublin, Ohio, United States

Verdantas provides engineering, science, & planning consultants dedicated to making the world a better place for ourselves and future generations. Verdantas was founded in 2020 and is based in Dublin, Ohio.

Buy -

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 27 of 27
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Kansas) 1 of 1
Country (United States) 26 of 26
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 WatchMeGrow

Lacey, Washington, United States

WatchMeGrow is a SaaS technology company providing security, compliance, business intelligence, analytics, and secure video software to education, student enrichment, pet care, and other enterprise sectors. Its SaaS platform provides operators with secure video, monitoring, business intelligence, and analytics, creating greater security, transparency, safety, and compliance for client campuses and locations. WatchMeGrow is based in Lacey, Washington.

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Mergr

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