- Ergotron is headquartered in St. Paul, Minnesota
- Founded in 1982, The Sterling Group invests in basic manufacturing, distribution, and industrial services companies
- Sterling recently closed its fifth fund at $2 billion and currently has over $5.7 billion of assets under management
The Sterling Group, an operationally-focused middle market private equity firm, has acquired St. Paul, Minnesota-based Ergotron Inc, a maker of ergonomic products. The seller was Melrose Industries PLC. No financial terms were disclosed.
“Ergotron is a pioneer in ergonomic solutions, and its strong market position and commitment to its customers and employees seamlessly align with Sterling’s employee-focused approach to partnerships,” said Brad Staller, a partner at The Sterling Group, in a statement. “We look forward to supporting the management team as they look to accelerate growth.”
Through its 40-year history, Ergotron has led the industry with professional-grade products and customer-focused service. Ergotron is headquartered in St. Paul, Minnesota, with a presence in North America, EMEA and Asia Pacific.
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 at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 63 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling recently closed its fifth investment fund with $2 billion in in commitments and currently has over $5.7 billion of assets under management.