Private Equity Firm Business Services

Sterling Investment Partners

Greenwich, Connecticut, United States

Sterling Investment Partners (founded in 1991) is a middle-market private equity firm focused on business services and distribution businesses. Sterling is led by a highly-tenured senior investment team and has completed over 280 transactions with management teams to drive collaborative value creation.

Focus Areas
Distribution businesses, Value-added distribution, Business services

Tracked deals

46

46 tracked deals across 2019-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Addon

24 addon · 16 buyout · 4 recapitalization

Sterling Investment Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Sterling Investment Partners. 7 2019 6 2020 8 2021 4 2022 5 2023 8 2024 7 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 46 tracked deals for Sterling Investment Partners.

  • Buyer
    Sterling Investment Partners
    Target
    Cyber Advisors
    Industry
    Cybersecurity
    Type
    Buyout

    Sterling Investment Partners has acquired Cyber Advisors, a provider of managed security services, cybersecurity consulting, and IT technology solutions. Cyber Advisors, founded in 1997 and headquartered in Maple Grove, Minnesota, serves small, mid-sized, and enterprise clients and supports 1,800+ customers nationwide with a team of 330+ professionals.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    Crawford Environmental Services, LLC
    Type
    Addon

    Verdantas, a Sterling Investment Partners-backed environmental and engineering consulting platform, has acquired Crawford Environmental Services (CES), a Roanoke, Virginia-based firm specializing in site assessment, remediation, emergency response, and compliance services. The add-on expands Verdantas' technical capabilities and geographic footprint—enhancing support for federal, industrial, and commercial clients across 18 states.

  • Buyer
    Sterling Investment Partners, HarbourVest Partners, StepStone Group, ICONIQ, Churchill Asset Management, Sterling principals, Sterling's latest buyout fund, XKIG management team
    Target
    XKIG

    Sterling Investment Partners closed a single-asset continuation vehicle recapitalization of XKIG, co-led by HarbourVest Partners, StepStone Group and ICONIQ, with additional funding from Churchill Asset Management. Sterling principals, Sterling's latest buyout fund and the XKIG management team also invested; the transaction provides capital to support XKIG's continued growth, geographic expansion and service capability investments.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    Independent Solutions, Inc.
    Type
    Addon

    Verdantas, a portfolio company of Sterling Investment Partners, acquired Independent Solutions, Inc., a Lake Elsinore, California-based inspection and soil/materials testing firm focused on healthcare projects. The add-on expands Verdantas' presence in Southern California and enhances its geotechnical, inspection, 3D scanning, and materials testing capabilities for the healthcare market.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    Horizons Engineering, Inc., Aqua Engineering Inc., Advanced Earth Sciences, Inc. (AES), Atlantic Resource Consultants, LLC (ARC), Atlantic Environmental Consulting Services, LLC
    Location
    United States
    Type
    Addon

    Verdantas, a Sterling Investment Partners–backed environmental and engineering consultancy, completed five add-on acquisitions—Horizons Engineering, Aqua Engineering, Advanced Earth Sciences (AES), Atlantic Resource Consultants (ARC), and Atlantic Environmental Consulting Services—to broaden its technical capabilities and geographic footprint across the U.S. The deals strengthen Verdantas' water, geotechnical, remediation, permitting, and surveying capabilities while adding new offices in New Hampshire, Vermont, and Maine and enhancing remediation resources in New Jersey.

  • Buyer
    Mr. Greens Produce, Sterling Investment Partners
    Target
    Parishables Food Service
    Seller
    Jason Harwell, Tommy Bullington
    Industry
    Food & Beverage
    Type
    Addon

    Mr. Greens Produce, backed by Sterling Investment Partners, has acquired Atlanta-based Parishables Food Service to enter the Atlanta market and strengthen its Southeast service footprint. The deal expands Mr. Greens' product offering (including specialty cheeses, oils, spices and dairy) and service capabilities (including Sunday deliveries), while enabling Parishables' founders to partner for regional growth.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    Civil West Engineering Services, Inc.
    Type
    Addon

    Verdantas, a PE-backed engineering and environmental consulting firm, has acquired Civil West Engineering Services, Inc., a Coos Bay, Oregon-based municipal engineering firm. The bolt-on purchase expands Verdantas' water, wastewater, stormwater and land development capabilities and strengthens its geographic presence in Oregon and the broader Pacific Northwest.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    M-H-M, Inc.
    Type
    Addon

    Verdantas, a digitally enabled environmental and engineering consulting firm backed by Sterling Investment Partners, has acquired M-H-M, Inc. (MHM) of Marysville, California. The acquisition expands Verdantas' water, land development and surveying capabilities in northern California and strengthens its relationships with municipalities, public agencies and private clients in the region.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    Groundwater Sciences Corporation
    Type
    Addon

    Verdantas, a Tampa-based environmental and engineering consulting firm backed by Sterling Investment Partners, has acquired Groundwater Sciences Corporation (GSC). The acquisition expands Verdantas' groundwater, hydrogeology and remediation capabilities and strengthens its local presence in Pennsylvania and New York to better connect its MidAtlantic and New England operations.

  • Buyer
    Sterling Investment Partners
    Target
    PROtect, LLC
    Seller
    Spire Capital Partners
    Type
    Buyout

    Sterling Investment Partners has acquired PROtect, a Wichita-based provider of safety, reliability, compliance and risk-management services, from Spire Capital Partners. PROtect, which employs over 550 people and offers NDT, mechanical integrity, pipeline integrity, environmental and compliance solutions (including proprietary software), will be a Sterling platform to drive further geographic and service expansion; financial terms were not disclosed.

  • Buyer
    Verdantas, Sterling Investment Partners
    Target
    ASEC Engineers
    Industry
    Energy
    Type
    Addon

    Verdantas, a Tampa-based consulting firm backed by Sterling Investment Partners, has acquired ASEC Engineers, a Denver-based power delivery and renewable energy engineering firm. The deal adds ASEC’s transmission, substation and distribution design capabilities and ~130 staff across offices in Colorado, California, Florida, Texas and Pune, India, expanding Verdantas’ energy transition service offerings and geographic footprint.

  • Buyer
    Verdantas, Sterling Investment Partners, Sterling Capital Partners
    Target
    Aegis Environmental
    Type
    Addon

    Verdantas, a Tampa-based environmental and engineering consulting firm backed by Sterling Investment Partners, has acquired Aegis Environmental, a Richmond, Virginia environmental consultancy. The acquisition expands Verdantas' geographic footprint into Virginia and strengthens its environmental health & safety, permitting, stormwater, and sustainability capabilities as an add-on to the Verdantas platform.

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