HOUSTON, Aug. 31, 2020 /PRNewswire/ — Frontline Highway Security (“Frontline”), a portfolio firm of The Sterling Group, at present introduced the acquisition of Apply-A-Line. By way of its working corporations, Frontline supplies pavement marking providers to quite a lot of finish markets and clients.
Based mostly in Pacific, Washington, Apply-A-Line is a number one supplier of street and airport striping options primarily within the Northwest United States. “We sit up for partnering with Frontline, and collectively working to even higher serve our clients,” mentioned Mike Liljestrom, President of Apply-A-Line.
“Given its place as a market chief in its core markets, and longstanding monitor file of operational excellence, Apply-A-Line is a key element of Frontline’s progress technique as we construct a nationwide chief within the street security business,” mentioned Brad Staller, Associate at The Sterling Group.
Over the past a number of years, Sterling has developed an funding thesis within the street security and infrastructure upkeep business. By way of natural progress and additional M&A, Sterling intends to construct Frontline into the main street security options supplier with best-in-class native execution capabilities. Sterling has a protracted historical past of partnering with entrepreneurs and administration groups to assist the expansion of their companies.
Willkie Farr & Gallagher LLP acted as authorized advisor to The Sterling Group.
About The Sterling Group
Based in 1982, The Sterling Group is a personal fairness funding agency that targets controlling pursuits in fundamental manufacturing, distribution and industrial providers corporations. Typical enterprise values of those corporations vary from $100 million to $750 million. Sterling has sponsored the buyout of 57 platform corporations and quite a few add-on acquisitions for a complete transaction worth of over $14.zero billion. At the moment, Sterling has over $4.zero billion of belongings underneath administration. For additional data, please go to www.sterling-group.com.
Previous efficiency is not any assure of future outcomes and all investments are topic to loss.
SOURCE The Sterling Group, L.P.