Continental Services Acquires Sterling Services

Morgan Street Holdings Acquires Continental Services from New Heritage Capital

November 13, 2024

Restaurants & Hospitality

Morgan Street Holdings, LLC has acquired Continental Services, a Midwest corporate foodservice provider, from New Heritage Capital. The transaction represents an exit for New Heritage Capital after a period of organic and inorganic growth at Continental, which operates across multiple states and employs more than 1,500 people.

Continental Services Acquires Northern Vending Company

July 23, 2019

Food & Beverage

Continental Services, a Michigan-based food management company and portfolio company of New Heritage Capital, has acquired Northern Vending Company of Ann Arbor, Michigan. The deal brings Northern Vending’s staff into Continental, expanding Continental’s refreshment client base and increasing service density in the western part of its market as part of an ongoing add-on acquisition strategy.

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.

HomeServe USA Acquires Sterling Air Services

December 16, 2020

HVAC & Mechanical

HomeServe USA acquired Sterling Air Services, a Mesa, Arizona-based HVAC and plumbing services provider, to expand its presence in the Phoenix East Valley. Sterling — founded by Joel and Anastasia Harris and operating with a ~12-technician team serving residential customers — will join HomeServe's regional operations to broaden service capacity and local coverage.

Construction Supply Group (The Sterling Group) Acquires Construction Materials

October 2, 2019

Building Products

Construction Supply Group, a portfolio company of The Sterling Group, has acquired Construction Materials, a long-established wholesale distributor operating 16 branches across the Southeastern United States. The add-on expands CSG's geographic footprint in key MSAs such as Florida, Georgia, Alabama and Texas and strengthens its ability to serve concrete and masonry contractors.

Forged Solutions Group (Arlington Capital Portfolio Company) Acquires Continental Forge

December 9, 2022

Manufacturing

Forged Solutions Group (an Arlington Capital Partners portfolio company) has acquired Continental Forge, a precision near-net shape forging and machining supplier to the military and commercial aerospace industries. The acquisition expands FSG's manufacturing capabilities into precision aluminum forgings and brings Continental Forge's long-standing customer relationships and certifications onto the FSG platform.