Buyout (LBO, MBO, MBI) • Business Services

The Sterling Group Acquires B&G Crane Service

On July 29, 2010, private equity firm The Sterling Group acquired business services company B&G Crane Service

Acquisition Context
  • This is The Sterling Group’s 3rd transaction in the Business Services sector.
  • This is The Sterling Group’s 13th transaction in the United States.
  • This is The Sterling Group’s 1st transaction in Louisiana.
Investment Fate
  • B&G Crane Service was sold to a strategic buyer in 2015.
  • B&G Crane Service was divested to a consortium of strategic buyers in 2019.

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M&A Deal Summary

Date July 29, 2010
Target B&G Crane Service
Sector Business Services
Buyer(s) The Sterling Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

B&G Crane Service

Jefferson, Louisiana, United States
B&G Crane Service LLC is a provider of crane rental, heavy rigging, and specialty hauling services. B&G offers highly skilled workforce and continuously operates a fleet of over 150 cranes from 4-ton to 825-ton capacities and a support truck fleet of over 100 trucks. B&G Crane Service LLC was founded in 1946 and is based in Jefferson, Louisiana.
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Buyer Overview 1

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
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 $1000 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 Context for Buyer #
Overall 15 of 54
Sector: Business Services 3 of 7
Type: Buyout (LBO, MBO, MBI) 10 of 19
State: Louisiana 1 of 1
Country: United States 13 of 51
Year: 2010 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-02 Panolam Surface Systems

Shelton, Connecticut, United States

Panolam Surface Systems is a manufacturer of thermally fused melamine (TFM) panels and high-pressure laminates (HPL). TFM and HPL are used to manufacture kitchen and bath cabinetry, residential and commercial furniture, store fixtures, and countertops. Panolam Surface Systems was founded in 1997 and is based in Shelton, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-30 Express Integrated Technologies

Tulsa, Oklahoma, United States

Express Integrated Technologies is a manufacturer engaged in the engineering, design and fabrication of heat transfer, environmental compliance, and sound suppression equipment.

Buy -