Investment Summary

Sterling Investment Partners Invests In Banner Industries

On December 20, 2023, private equity firm Sterling Investment Partners invested in distribution company Banner Industries

Investment Highlights
  • This is Sterling Investment Partners’ 6th transaction in the Distribution sector.
  • This is Sterling Investment Partners’ 30th transaction in the United States.
  • This is Sterling Investment Partners’ 2nd transaction in Massachusetts.

Investment Summary

Date 2023-12-20
Target Banner Industries
Sector Distribution
Investor(s) Sterling Investment Partners
Deal Type Growth Capital

Target

Banner Industries

Danvers, Massachusetts, United States
Banner Industries is a distributor of specialty engineered high purity and industrial flow components, equipment, and services to the semiconductor market, with additional exposure to life sciences, food and beverage, and other industrial end uses. Banner Industries was founded in 1985 and is based in Danvers, Massachusetts.

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Investor(S) 1

Investor

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 30 of 32
Sector: Distribution M&A 6 of 6
Type: Growth Capital M&A Deals 7 of 7
State: Massachusetts M&A 2 of 2
Country: United States M&A 30 of 32
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 HeartLand

Kansas City, Missouri, United States

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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Verdantas

Dublin, Ohio, United States

Verdantas is a provider of environmental science, engineering, and consulting services across industrial, energy, government, water, transportation, real estate, and technology end-markets. Verdantas was founded in 2020 and is based in Dublin, Ohio.

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