Sterling Investment Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sterling Investment Partners has acquired 2 companies.

Sterling Investment Partners’ most common sectors for investment arebusiness services (22%) and distribution (18%) . The Firm’s most common investment types include secondary buyout (36%) and buyout (lbo, mbo, mbi) (33%). In total, Sterling Investment Partners has invested in 19 US states. Its largest (disclosed) acquisition occurred in 2001 when it acquired Kenan Advantage Group for $176M.

In the last 3 years, Sterling Investment Partners has exited 1 company. The Firm’s most common exit type is secondary buyout (55%). Sterling Investment Partners’ largest (disclosed) exit occurred in 2008 when it sold The CBORD Group for $367M.

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M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity28
    • M&A Sell Activity20
  • Total Sectors Invested 15
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13
  • M&A Advisors 5

Sterling Investment Partners

285 Riverside Avenue, Suite 300,
Westport, Connecticut 06880-4806
United States
(203) 226-8711
www.sterlinglp.com

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 $100 to $500 million and EBITDA of $10 to $40 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.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Food, Internet Software and Services, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Oil/Gas Exploration, Restaurants, Retail, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Acquisition Financing, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue 100 500
Target EBITDA 15 40
Investment Size 75 200
Enterprise Value 150 400
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 24 2 1 1 - - 28
vol $326M $326M
Sell (0.6/yr) # 17 2 - 1 - - 20
vol $647M $647M
  48

Most Recent M&A

Company Date Value Type
Anser Advisory LLC 2023-06-21 - Add-on Acquisition
Cypress, California · www.anseradvisory.com
Florida Veg Investments LLC 2023-05-04 - Secondary Buyout
Miami, Florida · www.mrgreensproduce.com
W.A. Kendall and Co., Inc. 2022-04-26 - Secondary Buyout
Lawrenceville, Georgia · www.wakendall.com
Camp Facility Services 2021-11-16 - Growth Capital
Houston, Texas · www.campconstruction.com
All My Sons Moving & Storage 2021-10-26 - Recapitalization
Carrollton, Texas · www.allmysons.com
Marcone Appliance Parts Co. 2021-06-01 - Secondary Buyout
St Louis, Missouri · www.marcone.com
Anser Advisory LLC 2021-03-08 - Recapitalization
Cypress, California · www.anseradvisory.com
AIMS Companies 2020-04-13 - Growth Capital
Scottsdale, Arizona · www.aimscompanies.com
HeartLand 2019-08-30 - Growth Capital
Mission Woods, Kansas · www.HeartLandcompany.com
Lipari Foods LLC 2019-01-08 - Secondary Buyout
Warren, Michigan · www.liparifoods.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (33%) - 6 (21%) -
Distribution 2 (22%) - 5 (18%) -
Transportation - - 4 (14%) 176M (54%)
Retail - - 2 (7%) 150M (46%)
Automotive 1 (11%) - 1 (4%) -
Construction 1 (11%) - 1 (4%) -
Furniture 1 (11%) - 1 (4%) -
Information Services - - 1 (4%) -
Internet Software and Services - - 1 (4%) -
Machinery - - 1 (4%) -
Manufacturing - - 1 (4%) -
Marketing - - 1 (4%) -
Metals/Mining - - 1 (4%) -
Restaurants 1 (11%) - 1 (4%) -
Technology Hardware - - 1 (4%) -
Total 9 - 28 $326M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) - 28 (100%) 326M (100%)
  Georgia 2 (22%) - 3 (11%) -
  California 1 (11%) - 3 (11%) -
  Texas 1 (11%) - 2 (7%) -
  Florida 1 (11%) - 2 (7%) -
  Ohio - - 2 (7%) 176M (54%)
  New York - - 2 (7%) 150M (46%)
  New Jersey - - 2 (7%) -
  Arizona 1 (11%) - 1 (4%) -
  Kansas 1 (11%) - 1 (4%) -
  Indiana 1 (11%) - 1 (4%) -
  Illinois 1 (11%) - 1 (4%) -
  Connecticut - - 1 (4%) -
  Pennsylvania - - 1 (4%) -
  North Carolina - - 1 (4%) -
  Nevada - - 1 (4%) -
  Missouri - - 1 (4%) -
  Michigan - - 1 (4%) -
  Massachusetts - - 1 (4%) -
  Maryland - - 1 (4%) -
Total 9 - 28 $326M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 4 (44%) - 10 (36%) -
Buyout (LBO, MBO, MBI) 1 (11%) - 9 (32%) 150M (46%)
Growth Capital 4 (44%) - 6 (21%) -
Going Private - - 2 (7%) 176M (54%)
Recapitalization - - 1 (4%) -
Total 9 - 28 $326M

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (60%) -
Trade Sale - Public Company 3 (15%) 647M (100%)
IPO 3 (15%) -
Bankruptcy 1 (5%) -
Recapitalization 1 (5%) -
Total 20 $647M

Top M&A Advisors

Financial Deals
Lincoln International
 1
Robert W. Baird & Co., Inc.
 1
Harris Williams & Co.
 1
Legal Deals
Fulbright & Jaworski LLP
 2

Deal Values

buy # Total
$100M to $1B 2 $326M
TOTAL $326M
Largest Kenan Advantage Group, Inc.
$176M (2001-01-26)
sell # Total
$100M to $1B 2 $647M
TOTAL $647M
Largest The CBORD Group, Inc.
$367M (2008-03-17)

M&A Connections

Deals
Acquired from
Investor(s)
36%
10 (36%)
Exited to
Investor(s)
60%
12 (60%)
Strategic(s)
15%
3 (15%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.5B USD

Established

1991

Specialist/Generalist

Generalist

Leadership

Charles Santoro

Co-Founder & Managing Partner

Douglas Newhouse

Co-Founder & Managing Partner

M. William Macey

Co-Founder & Managing Partner

Amy Weisman

Managing Director, Business Development

David Kahn

Senior Managing Director, Business Development

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