PROtect Acquired by Sterling Investment Partners

Deal News | Nov 12, 2024 | Sterling Investment Partners L

Sterling Investment Partners, a prominent private equity firm, has acquired PROtect, LLC, a leading provider of safety, reliability, compliance, and risk management services across various essential industries in the United States. Based in Wichita, Kansas, PROtect was established in 2007 and has since expanded significantly, now employing over 550 team members nationwide. The company specializes in mitigating operational risks across industries such as chemicals, food & beverage, midstream energy, pharmaceuticals, and renewable energy. PROtect's strengths lie in its proprietary software, which facilitates efficient risk management practices. This acquisition will allow Sterling to leverage its expertise in supporting growth in service companies, while PROtect's management and employees retain a significant equity interest. The partnership aims to further enhance PROtect's value proposition and competitive advantage in the market.

Sectors

  • Private Equity
  • Safety and Compliance Services

Geography

  • United States – The acquisition involves entities operating within the United States, specifically focusing on Sterling Investment Partners based in Connecticut and PROtect in Kansas.

Industry

  • Private Equity – The article discusses Sterling Investment Partners, a private equity firm, acquiring a new company, showcasing activity within the private equity sector.
  • Safety and Compliance Services – PROtect operates within the safety, reliability, and compliance services industry, providing risk management solutions across multiple sectors.

Financials

    Participants

    NameRoleTypeDescription
    Sterling Investment PartnersAcquiring CompanyCompanyA private equity firm known for building middle-market companies with a focus on distribution and business services.
    PROtect, LLCTarget CompanyCompanyA leading provider of safety, reliability, and compliance services helping customers mitigate operational risk.
    Nathan VanderGriendFounder and CEOPersonFounder and CEO of PROtect, overseeing company operations and strategic direction.
    Michael BarrSenior PartnerPersonSenior Partner at Sterling Investment Partners, involved in the acquisition of PROtect.
    Joe GaultPartnerPersonPartner at Sterling Investment Partners, contributing to the strategic vision with PROtect.
    Houlihan Lokey, Inc.Sell Side AdvisorCompanyActed as the financial advisor for the sell side in the transaction.