Le Lézard
Classified in: Transportation, Business
Subject: TNM

Highline Aftermarket, a Portfolio Company of The Sterling Group, Acquires Camco Manufacturing's Liquids Division

HOUSTON, Nov. 11, 2019 /PRNewswire/ -- The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company Highline Aftermarket ("Highline") has completed the acquisition of Camco Manufacturing's Liquids division ("Liquids"). Liquids is a leading nationwide manufacturer of windshield wash, RV antifreeze, and diesel exhaust fluid, including private label products, with plants in Leominster, MA, Reidsville, NC, Elkhart, IN, and Albany, OR. Longstanding Liquids employees are joining the Highline team to provide continuity for customers and to continue building world-class operations to support Highline's growth.

Sterling's simultaneous combination in April 2016 of family-owned DYK and corporate carve-out AAHC, since renamed Highline, created a strong new automotive aftermarket distribution platform. The subsequent acquisitions of Service Champ, Levin's, and South/Win have increased channel and geographic penetration and further solidified Highline as a market leader. The addition of Liquids fortifies Highline's position as the largest and most efficient nationwide network for producing and distributing selected liquids and chemicals for the automotive, RV, and marine markets. Highline continues to invest rapidly to expand its blending and filling capabilities, and the addition of these Liquids plants represents a substantial increase in capacity. Will DuBose, President of Manufacturing, will continue to lead Highline's blending and filling business.

"Over 50 years, the Caine family has built a fantastic Liquids business at Camco, with a reputation for high-quality products and exceptional customer service," says Darcy Curran, CEO of Highline Aftermarket. "We are excited to combine the strengths of the Liquids business with Highline's seven plants and 14 distribution centers to better serve customers nationwide. This combination is a perfect strategic fit and enables Highline's growth ambitions. I welcome Liquids employees and customers to Highline."

Highline has more than doubled in size during its three-year partnership with Sterling and will continue to pursue both organic and acquisition-related growth strategies.

About The Sterling Group

Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 55 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.0 billion of assets under management. For further information, please visit www.sterling-group.com.

Past performance is no guarantee of future results and all investments are subject to loss.

SOURCE The Sterling Group

These press releases may also interest you

at 13:10
Compare-autoinsurance.org has released a new blog post explaining how the neighborhood where clients live will influence auto insurance rates. For more info and free car insurance quotes, check...

at 12:10
Winter is a challenging season, even for the most experienced drivers. Sudden weather changes, snow, and ice represent constant dangers. In order to be prepared for driving during winter, the driver must purchase adequate coverage. Find out more and...

at 10:00
Mayor John Tory, Councillor James Pasternak (Ward 6 York Centre), Chair of the City's Infrastructure and Environment Committee and Deputy Mayor Stephen Holyday (Ward 2 Etobicoke Centre) will provide more details about the installation of Automated...

at 09:10
Compare-autoinsurance.org has released a new blog post that informs policyholders on how to make the auto insurance premiums cheaper. For more info and free car insurance quotes online, visit...

at 09:00
Support Services Company (SSC), a waste transportation business focused on delivering full service waste mobilization solutions to business and industrial customers in Georgia, is proud to announce the launch of its newly designed website at...

at 01:00
Drivers have many different needs and it can be difficult to manage them all. Space, power, and efficiency are all things that every driver needs. A good and spacious vehicle is perfect for families, but efficiency is also needed so drivers don't end...

News published on 11 november 2019 at 19:01 and distributed by: