THE STERLING GROUP, L.P.
THE STERLING GROUP, L.P. is a Series C+ and buyout fund in the US writing $50M–$350M checks into manufacturing, distribution and industrial-services.
- Stages
- Series C+, buyout
- Sectors
- manufacturing, distribution, industrial-services
- Check size
- $50M–$350M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1982
- Assets under management
- $9.014B
- Website
- sterling-group.com
Thesis
The Sterling Group, L.P. is a private equity firm founded in 1982, headquartered in Houston, Texas. They specialize in control equity investments in middle-market industrial businesses, focusing on manufacturing, distribution, and industrial services. Their strategy involves acquiring under-managed or under-performing companies with significant potential for improvement, employing a hands-on approach and a methodology centered around 'Seven Levers' to drive organic EBITDA growth. They target companies with enterprise values typically between $100 million and $750 million, including corporate carve-outs, family-owned businesses, and sponsor-owned businesses. As of March 31, 2026, their AUM was approximately $9.014 billion. Their sixth flagship fund, Sterling Group Partners VI, L.P., closed at $3.5 billion in April 2024. They also manage a private credit arm. Equity investments typically range from $50 million to $350 million, with Fund V enabling investments of $200-300 million per deal.
Common questions
Does THE STERLING GROUP, L.P. invest at the Series C+ stage?
Yes. THE STERLING GROUP, L.P. lists Series C+ and buyout among the stages it invests in.
What check size does THE STERLING GROUP, L.P. write?
THE STERLING GROUP, L.P. writes $50M–$350M checks.
Where does THE STERLING GROUP, L.P. invest?
THE STERLING GROUP, L.P. invests in the US.