HOUSTON, Jan. 27, 2015 /PRNewswire/ -- The Sterling Group,
a middle market private equity firm based in Houston, Texas, today announced Specified Air
Solutions as the new name for its portfolio of HVAC
companies. The company previously operated under the name
Roberts-Gordon LLC and was acquired by Sterling in July 2014.
Specified Air Solutions is an international manufacturer of
semi-custom commercial and industrial HVAC equipment, as well as
industrial process and finishing equipment. The Specified Air
portfolio includes many well known brands such as Addison, Rapid
Engineering, Weather-Rite, Bananza, Phoenix Air Systems, Combat,
and Roberts Gordon. Each of these product lines will retain their
respective names serving a wide range of market applications
including manufacturing facilities, warehouses, educational
facilities, commercial buildings, health care facilities, food
processing plants, and many more. The products are produced
in five manufacturing facilities in the
United States and the United
Kingdom.
"Specified Air Solutions is a group of leading manufacturers in
a number of HVAC applications," said John
Hawkins, Partner at The Sterling Group. "The company will
focus on the significant organic growth opportunities that exist
and will be the platform for acquisitions into complementary HVAC
markets."
President and CEO of Specified Air Solutions, Charley Brown said, "We have an excellent
portfolio of product lines with valuable names in their respective
markets, and we plan to meaningfully expand on the company's prior
success. The Specified Air Solutions name more clearly represents
both our current identity and future aspirations in the market for
semi-custom HVAC solutions."
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 $500
million. Sterling has sponsored the buyout of 45
platform companies and numerous add-on acquisitions for a total
transaction value of over $10.0
billion. Currently, Sterling has over $1.1 billion of committed capital under
management through two funds. Current portfolio companies include
CST Industries, Universal Fiber Systems, Express, B&G Crane,
Saxco International, Liqui-Box, Dexter Axle, Safe Fleet, Specified
Air Solutions and Aquatic. Past performance is no guarantee of
future results and all investments are subject to loss.
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SOURCE The Sterling Group