A private equity firm has completed the acquisition of Process Equipment, Inc. (Process Barron). The Sterling Group, based in Houston, Texas, acquired the business from the founding family and management team, who are reinvesting alongside Sterling in the new transaction.
Process Barron is based in Birmingham, Alabama, and specialises in custom turnkey air and material handling solutions for a variety of industries, including cement producers.
"Over the past 30 years, Process Barron has provided best in class service and equipment to a variety of process industries," said Ken Nolen, President of Process Barron. "The entire Process Barron team looks forward to partnering with Sterling to further expand the business."
Sterling has a long history of partnering with family and entrepreneur-owned businesses to achieve new levels of financial performance. "Process Barron has a unique value proposition in its niche markets," said Greg Elliott, Partner at The Sterling Group. "We look forward to working with the Process Barron team to continue to broaden their product offerings and geographical reach to provide value to their customers."
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/06052015/private-equity-firm-gives-process-barron-a-boost-to-expand-794/