Since partnering with Tangent’s founders in 2018, Houston-based Sterling focused on scaling the firm’s production of recycled-feedstock materials. These products, which serve the outdoor living, marine decking, and structural sectors, have gained market share as durable alternatives to traditional building supplies. Under Sterling’s ownership, the company successfully expanded its reach into new end markets and diversified its customer base.
Sterling Group Exits Synthetic Materials Maker Tangent Technologies
The Sterling Group has finalized the sale of Aurora-based Tangent Technologies to Platinum Equity, marking the conclusion of an eight-year investment cycle. While the financial details of the transaction remain undisclosed, the move follows a period during which the manufacturer of high-performance synthetic materials more than tripled its total size.
Financial advisory services for the deal were provided by Moelis and Lincoln, while McDermott Will & Schulte acted as legal counsel. The Sterling Group, which manages approximately $9 billion in assets, continues to focus on middle-market buyouts within the industrial services and manufacturing sectors.
Comments (0)
No comments yet. Be the first!