Time Manufacturing/Versalift, a portfolio aggregation of The Sterling Group, has acquired Duluth, Minnesota-based Aspen Aerials, a maker of specialty accessories acclimated to audit the assurance and candor of bridges. No banking agreement were disclosed.
HOUSTON, Oct. 3, 2018 /PRNewswire/ — The Sterling Group, a average bazaar clandestine disinterestedness close based in Houston, Texas, today appear that its portfolio company, Time Manufacturing/Versalift, has completed the accretion of Aspen Aerials.
Headquartered in Waco, Texas, Time is a all-around designer, manufacturer, and benefactor of vehicle-mounted aeriform lifts primarily for the telecom and electric account end markets. Time has pioneered several brands aural the aeriform lift market, including the bazaar arch Versalift brand. Sterling acquired the business in 2017 from ancestors owners to drive both amoebic and accretion accompanying growth.
Headquartered in Duluth, Minnesota, Aspen Aerials is the arch architect of specialty accessories acclimated to audit the assurance and candor of bridges. “We are captivated to acceptable Aspen Aerials, a bazaar arch architect in the arch assay space, to the Versalift family,” said Time Accomplishment CEO Curt Howell. “With this acquisition, we extend our ability into an important and growing industry, and abide to aggrandize our alms of high-quality, safe and reliable equipment.”
Founded in 1982, Sterling has a continued history of partnering with ancestors endemic businesses who are gluttonous the aing appearance of advance for their automated businesses.
About The Sterling GroupFounded in 1982, The Sterling Group is a clandestine disinterestedness advance close that targets authoritative interests in basal manufacturing, administration and automated casework companies. Typical action ethics of these companies ambit from $100 actor to $750 million. Sterling has sponsored the buyout of over 52 belvedere companies and abundant add-on acquisitions for a absolute transaction amount of over $10.0 billion. Currently, Sterling has over $1.9 billion of assets beneath management. For added information, amuse appointment www.sterling-group.com.Past achievement is no agreement of approaching after-effects and all investments are accountable to loss.
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