HGGC Acquires Sterling Brokers from True Wind Capital

True Wind Capital Makes Growth Investment in Sterling Capital Brokers

February 22, 2022

Insurance

True Wind Capital, a San Francisco-based private equity firm, made a growth investment in Sterling Capital Brokers, a Toronto-headquartered tech-enabled employee benefits consulting and brokerage firm. The undisclosed investment will support Sterling's platform enhancements, accelerate growth initiatives, and enable strategic acquisitions while Sterling's senior management will continue to lead the business.

AssuredPartners Acquires Sterling Insurance Group

August 4, 2021

Insurance

AssuredPartners, Inc. has acquired Sterling Insurance Group, Inc., a Sterling Heights, Michigan-based insurance agency. The 96-person agency, which generates about $20 million in annualized revenue and offers commercial, employee benefits and personal lines, will continue operating under its existing leadership as part of AssuredPartners' nationwide broker network.

True North Advisors Acquires Blue Investment Partners

June 30, 2025

Financial Services

True North Advisors, a Dallas-based registered investment adviser, has acquired Danville, California-based Blue Investment Partners, adding approximately $353 million in AUM and expanding True North’s presence in the San Francisco Bay Area. The deal is True North’s second acquisition since forming a growth partnership with Wealth Partners Capital Group and HGGC’s Aspire Holdings platform and closed June 30, 2025; financial terms were not disclosed.

Hub International Acquires Edbrooke/Stelcner & Associates

July 17, 2023

Insurance

Hub International Limited has acquired the assets of Edbrooke/Stelcner and Associates, Inc., a Coral Gables, Florida-based employee benefits brokerage and consulting firm. Terms were not disclosed; President and Co-Founder Lissette Fernandez and the Edbrooke/Stelcner team will join Hub South Florida as Hub expands its employee benefits capabilities and geographic footprint in the Southeast.

The Sterling Group Acquires Gulf Winds International

December 19, 2022

Logistics & Distribution

The Sterling Group has completed the acquisition of Gulf Winds International, a family-owned intermodal transportation provider headquartered in Seabrook/Houston, Texas. Sterling said it will partner with Gulf Winds’ management to accelerate growth and expand the company’s reach in the U.S. import/export and rail container drayage markets.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.