The Sterling Group, a private-equity firm based in Texas, completed the sale of its portfolio company, Stackpole International, to funds managed by Crestview Partners. Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011. Headquartered in Ancaster, Ontario, Stackpole is a manufacturer and supplier of highly engineered oil pumps and powder-metal components to automotive original equipment manufacturers. EBITDA (earnings before interest, taxes, depreciation and amortization) has increased by more than 80% over the last two years, outpacing domestic automobile production growth. According to Stackpole, the company is well positioned for continued growth based on the progress it made with Sterling.
Stackpole International Sold to Crestview Partners
October 18, 2013