M&A Deal Summary

The Sterling Group Acquires Evergreen Together

On June 1, 2021, private equity firm The Sterling Group acquired environmental company Evergreen Together from Greenbridge

Acquisition Highlights
  • This is The Sterling Group’s 1st transaction in the Environmental sector.
  • This is The Sterling Group’s 39th transaction in the United States.
  • This is The Sterling Group’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2021-06-01
Target Evergreen Together
Sector Environmental
Buyer(s) The Sterling Group
Sellers(s) Greenbridge
Deal Type Divestiture

Target

Evergreen Together

Clyde, Ohio, United States
Evergreen Together provides a sustainable, supply of quality polyester resin PET strapping. Evergreen is also a major producer of recycled polyethylene terephthalate (rPET), producing 40 million pounds of rPET pellet each year. Evergreen Together was founded in 1998 and is based in Clyde, Ohio.

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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 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 STATS #
Overall 42 of 54
Sector: Environmental M&A 1 of 2
Type: Divestiture M&A Deals 8 of 9
State: Ohio M&A 2 of 3
Country: United States M&A 39 of 51
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Fencing Supply Group

Houston, Texas, United States

Fencing Supply Group is a platform focused on building a group of industry-leading, independent fencing distributors. FSG businesses serve professional fencing contractors who provide new, improvement, and repair fencing services across residential, industrial, commercial, and infrastructure end markets. Fencing Supply Group was founded in 2021 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 L&S Mechanical

Richardson, Texas, United States

L&S Mechanical is a provider of new home construction services in the plumbing and electrical industries. L&S Mechanical serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses. L&S Mechanical was founded in 1985 and is based in Richardson, Texas.

Buy -

Seller(S) 1

SELLER

Greenbridge

Mentor, Ohio, United States

Category Company
Founded 1974
Sector Packaging
DESCRIPTION

Greenbridge is a securement packaging industry. Greenbridge manufactures polyester ("PET") and polypropylene strapping consumables, securement equipment and related products, serving the food and beverage, consumer packaged goods, and industrial industries. Greenbridge was founded in 1974 and is based in Mentor, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1