Sterling Sells UFS To HIG

Houston-based The Sterling Group has completed the sale of Universal Fiber Systems (UFS),  Bristol, Va., to funds managed by  HIG Private Equity, Atlanta.
“Sterling’s support was instrumental in achieving new levels of profitability at our company,” said Mark Ammen, CEO, UFS. “We look forward to partnering with HIG to continue to grow the business and serve our loyal customers.”

November/December 2015