HOUSTON, Jan. 2, 2017 /PRNewswire/ -- The Sterling Group, a Houston-based middle market private equity firm, announced the acquisition of Stetson Building Products, Inc. Stetson is the third business comprising the newly formed Construction Supply Holdings. Stetson is a management owned construction supply distributor with nine branches and a distribution center in the Midwest.
In November 2016, Sterling completed the simultaneous acquisitions of Brock White Company, LLC and Border Construction Specialties, LLC to form Construction Supply Holdings. Each an industry leader in their respective markets, Brock White and Border have strong branch footprints in the Western Canada, the Upper Midwest and the Southwest. The addition of Stetson further expands the company's presence in the Midwest and adds technical expertise in the reinforcing steel fabrication and form rental categories.
Construction Supply Holdings 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 48 branches with 750 employees and offers over 70,000 SKUs for nearly 25,000 customers.
"Sterling has a vision to build a best-in-class distribution business, and the entire Stetson team is excited about being a part of that success," said Marte Cook, President of Stetson. "The opportunity to join forces with Brock White and Border made Sterling the ideal partner for the next phase of our company's growth."
"The Stetson team has a fantastic reputation, and we look forward to drawing on the unique strengths of the Brock White, Border and Stetson organizations to continue to build the platform," said Brian Henry, a Partner at The Sterling Group. Sterling has a long history of partnering with management to build businesses and transform segments of the building products industry, including successful investments in Roofing Supply Group and American Bath 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 50 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