M&A Deal Summary

The Sterling Group Acquires Highline Warren

On April 1, 2016, private equity firm The Sterling Group acquired distribution company Highline Warren

Acquisition Highlights
  • This is The Sterling Group’s 3rd transaction in the Distribution sector.
  • This is The Sterling Group’s 23rd transaction in the United States.
  • This is The Sterling Group’s 4th transaction in Tennessee.
Investment Fate
  • Highline Warren was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2016-04-01
Target Highline Warren
Sector Distribution
Buyer(s) The Sterling Group
Deal Type Consolidation

Target

Highline Warren

Memphis, Tennessee, United States
Highline Warren is a national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. Highline Warren was founded in 2016 and is based in Memphis, Tennessee.

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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 26 of 54
Sector: Distribution M&A 3 of 8
Type: Consolidation M&A Deals 3 of 9
State: Tennessee M&A 4 of 4
Country: United States M&A 23 of 51
Year: 2016 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 DYK Automotive

Medina, Minnesota, United States

DYK Automotive LLC is an automotive aftermarket distributor.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Evergreen North America Industrial Services

La Porte, Texas, United States

Evergreen North America Industrial Services is a provider of industrial cleaning services to a range of process industries, including refining, petrochemicals, and utilities. Evergreen North America Industrial Services was founded in 2000 and is based in La Porte, Texas.

Buy -