HOUSTON, May 3, 2017 /PRNewswire/ -- The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of five distribution branches from Gerdau Construction Products. The branches will become a part of Sterling's portfolio company, Construction Supply Group.
Construction Supply Group is a leader in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. The combined company has 53 branches with 850 employees and offers over 70,000 SKUs to nearly 25,000 customers.
In late 2016, Sterling acquired Brock White Company, LLC, Border Construction Specialties, LLC and Stetson Building Products to form Construction Supply Group. Brock White, Border and Stetson each have strong branch footprints in Western Canada, the Upper Midwest and the Southwest. The acquisition of the five Gerdau branches in Appleton, Wisconsin; Madison, Wisconsin; Decatur, Illinois; Urbana, Illinois and Eldridge, Iowa will allow Construction Supply Group to further serve customers in those territories.
"The Gerdau branch additions will further strengthen our footprint and ability to provide exceptional service to customers. We look forward to partnering with the Gerdau employees as we continue to build the platform," said Mitch Williams, CEO of Construction Supply Group.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 51 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
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SOURCE The Sterling Group, L.P.