Houlihan Lokey and Willkie Farr & Gallagher advised Sterling on the transaction.
The Sterling Group, an operationally focused middle market private equity firm, today announced that it has completed the sale of Process Barron to funds managed by Carousel Capital.
Headquartered in Birmingham, Alabama, Process Barron designs, manufactures and installs industrial process fans and material handling systems and provides follow-on service and maintenance for this equipment. Process Barron serves various industries including pulp and paper, power, steel, cement, food, and agriculture.
Terms of the transaction were not disclosed.
The Willkie team was led by partner Bruce Herzog (Picture) and included partners Hillel Jacobson, Christopher St. Jeanos and Mark Holdsworth, and associate Jason Koenig.
Involved fees earner: Bruce Herzog – Willkie Farr & Gallagher; Mark Holdsworth – Willkie Farr & Gallagher; Hillel Jacobson – Willkie Farr & Gallagher; Jason Koenig – Willkie Farr & Gallagher; Christopher St. Jeanos – Willkie Farr & Gallagher;
Law Firms: Willkie Farr & Gallagher;