August 31, 2015
Sterling Investment Partners' Portfolio Company Service Logic Acquires a Midwest HVAC Provider
Sterling Investment Partners ("Sterling"), a private equity firm that has been investing in and building middle-market companies for almost 25 years, announces that its portfolio company, Service Logic, acquired Modern Heating & Air Conditioning (“Modern”). Modern is a commercial HVAC services company serving building owners and facility managers throughout the Minneapolis and St. Paul area.
Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.5 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $10 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com