M&A Deal Summary

The Sterling Group Acquires Artisan Design Group

On December 17, 2018, private equity firm The Sterling Group acquired building materials company Artisan Design Group from Dunes Point Capital

Acquisition Highlights
  • This is The Sterling Group’s 4th transaction in the Building Materials sector.
  • This is The Sterling Group’s 35th transaction in the United States.
  • This is The Sterling Group’s 7th transaction in Texas.

M&A Deal Summary
Date 2018-12-17
Target Artisan Design Group
Sector Building Materials
Buyer(s) The Sterling Group
Sellers(s) Dunes Point Capital
Deal Type Secondary Buyout

Target

Artisan Design Group

Southlake, Texas, United States
Artisan Design Group is a dealer of flooring products and services, providing design, procurement, installation and quality control of flooring and complimentary products for homebuilders. ADG operates 39 distribution, design and service facilities and coordinates installation through over 800 independent contractors across 13 states. Headquartered in Southlake, Texas.

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Buyer(S) 1

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

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 38 of 49
Sector (Building Materials) 4 of 6
Type (Secondary Buyout) 10 of 14
State (Texas) 7 of 12
Country (United States) 35 of 46
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Specified Air Solutions

Buffalo, New York, United States

Specified Air Solutions is a multi-branded, commercial and industrial HVAC equipment manufacturer focused on providing end users with semi-custom, energy efficient solutions for indoor air quality, cooling, heating, and dehumidification needs. The company's diverse product offering is utilized in a range of niche market applications, including education, hospitality, distribution warehouses, retail, community centers, vehicle service shops, commercial offices, and manufacturing facilities. Specified Air Solutions was founded in 1923 and is based in Buffalo, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 Saxco

Concord, California, United States

Saxco International LLC is a provider of rigid packaging solutions to the wine, beer, liquor, and food industries. Saxco International was founded in 1936 and is based in Concord, California.

Sell -

Seller(S) 1

SELLER

Dunes Point Capital

Category Family Office
Founded 2013
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Dunes Point Capital is a family office and private investment firm focused on control investments in the industrials sector. Dunes Point Capital was formed in 2013 and is based in Rye, New York.

DEAL STATS #
Overall 1 of 8
Sector (Building Materials) 1 of 3
Type (Secondary Buyout) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Specialty Products & Insulation

Charlotte, North Carolina, United States

Specialty Products & Insulation is a value-added distributor and fabricator of insulation and complementary products for the commercial, industrial and residential markets. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company currently operates 59 distribution branches and 16 co-located fabrication facilities and sells to over 3,500 contractors in the U.S. and Canada. Specialty Products & Insulation was founded in 1982 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Miller Chemical & Fertilizer

Hanover, Pennsylvania, United States

Miller Chemical & Fertilizer LLC (“Miller”) manufactures and distributes non-hazardous crop protection adjuvants and nutritional agrichemical products designed to improve plant and crop production quality and yield. Miller sells its products into the farming and agricultural industries in more than 90 countries via its global sales force of skilled agronomists and distributors and targets the high-value segment of fruits, nuts, and vegetables.

Sell -
Mergr

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