Sterling Investment Partners acquired PROtect, a provider of safety, reliability and compliance services. PROtect management and employees will retain significant equity interests in the company._x000D_
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“We are thrilled to partner with PROtect,” Michael Barr, senior partner at Sterling, said. “Safety, reliability and compliance services are non-discretionary, critical requirements for PROtect’s customers. Since inception, PROtect has demonstrated its capabilities as an enterprise-level risk management partner with a strong culture, differentiated service delivery model and substantial opportunities ahead to create further value for all stakeholders, including customers and employees.”_x000D_
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“We share a common vision for the future and are excited to partner with Nathan and team in building this dynamic company,” Joe Gault, partner at Sterling, said. “We appreciate PROtect’s deep commitment to their employees and the value they bring to clients and communities they serve.”_x000D_
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“We are excited for the new partnership with Sterling,” Nathan VanderGriend, founder and CEO at PROtect, said. “Having a partner by our side who has a storied track record of success in supporting and enabling the sustainability and growth of service companies like PROtect is a strategic advantage for our company. From the first time I met the Sterling team, it was clear that there was a mutual and cultural fit. We are confident the new partnership will be positive for our customers, team members, and shareholders.”_x000D_
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Houlihan Lokey acted as sell side advisor. Dechert and Seyfarth Shaw acted as legal counsel and Alvarez & Marsal acted as tax advisor on behalf of Sterling Investment Partners and its affiliates.
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