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Announced

8 Oct 2021

Completed

8 Oct 2021

The Sterling Group completed the acquisition of PowerGrid Services from Warren Equity Partners.

Synopsis

The Sterling Group, a private equity firm, completed the acquisition of PowerGrid Services, a utility services business, from Warren Equity Partners, a private equity firm, for $254m. Financial terms were not disclosed.

Principals

target

Powergrid Services

bidder

The Sterling Group

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Market Context

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Seller Team (6)

ashley montgomery

CFO at POWERGRID SERVICES

Manager

target

Deal

£ 190 M

Total Value

beth gillette

CEO and Owner at POWERGRID SERVICES

Manager

target

Deal

£ 190 M

Total Value

peter egge

Managing Director at Stifel

Financial Advisor

target

Deals

£ 914 M

Total Value

michael carr

Managing Director at Stifel

Financial Advisor

target

Deals

£ 1.74 B

Total Value

andrew schwartz

Director at Stifel

Financial Advisor

target

Deals

£ 755 M

Total Value

kyle jefferson

Associate at Stifel

Financial Advisor

target

Deals

£ 406 M

Total Value

Bidder Team (2)

bob voss

CFO at THE STERLING GROUP

Investor

bidder

Deal

£ 190 M

Total Value

larry swank

President and CEO at THE STERLING GROUP

Investor

bidder

Deals

£ 2.93 B

Total Value

Vendor Team (1)

steven wacaster

Managing Partner at WARREN EQUITY PARTNERS

Investor

vendor

Deals

£ 190 M

Total Value

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