Brock White Construction Company Announces New Ownership
ST. PAUL, MN Brock White Company announces its acquisition by The Sterling Group, a Houston, Texas, -based private equity firm. The acquisition provides an exit strategy for the owners who have guided and grown the business throughout the last 30 years and an exciting new avenue for the company to continue its growth and prosperity well into the future. Brock White's advisor in this transaction was Houlihan Lokey, a Twin Cities, Minnesota, -based investment banking firm.
The Sterling Group, founded in 1982, has acquired 49 platform companies totaling over $10 billion including investments in manufacturing, distribution and industrial service businesses. Sterling works hand in hand with management teams to drive internal expansion, pursue strategic acquisitions and improve operational efficiencies.
Brock White President Rick Garland said, "Going forward we will continue to provide our industry partners the top notch support that they have come to expect from us over the last 60 years. All operations will continue in a 'business as usual' mode with the full backing and support of Sterling."