Carousel Capital acquired Process Barron from Sterling Group.

Carousel Capital completed the acquisition of the Process Barron from Sterling Group. Financial terms were not disclosed. Process Barron designs, manufactures and installs industrial process fans and material handling systems and provides follow-on service and maintenance for this equipment. Process Barron serves various industries including pulp and paper, power, steel, cement, food, and agriculture. Sterling partnered with Process Barron's management team, members of its founding family, in 2015. "Important to our family was the right cultural fit and the ability to reinvest alongside our partners. Sterling has been the right partner for our family and for all employees. We look forward to future continued growth with Carousel Capital." Ken Nolen, Process Barron CEO.