The Sterling Group Foundation Fund (the “Foundation Fund”), an operationally focused lower middle market private equity firm, announced the establishment of AGS American Glass Services (“AGS”), a multi-regional provider of custom glass and coatings solutions with operations across the Midwest.
AGS provides light, value-added fabrication and installation (glazing) of interior and exterior commercial glass systems, along with a range of specialty coating services for both interior and exterior applications. AGS is focused on building types that are “below the tree line” across a diverse set of end-markets including education, manufacturing, government, office, and retail, among others. AGS will seek to acquire businesses with market-leading customer service models in adjacent markets.
“We’re excited to launch AGS American Glass Services as a new platform dedicated to building a market-leading commercial glazing business. With a strong foundation of operational excellence and customer relationships, we see a significant opportunity to scale this platform nationally and partner with talented teams across the industry,” said Partner Lucas Cutler. The Sterling Group has deep experience in the building products industry.
AGS is a portfolio company of the Foundation Fund. The Foundation Fund aims to leverage The Sterling Group’s operational capabilities and experience in the industrial sector to “set the foundation” for growth at lower middle market companies. Other Foundation Fund portfolio companies include Premier Tire and Service, Compost 360, Russell Landscaping, and OGD Overhead Garage Door.
About The Sterling Group Foundation Fund
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of over 70 platform companies and numerous add-on acquisitions for a total transaction value of over $24 billion. Sterling currently has over $9 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
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Contacts
The Sterling Group
Franny Jones
fjones@sterling-group.com