Sterling Investment Partners Receives Strategic Minority Investment from PACT Capital Partners

Sterling Investment Partners (“Sterling” or the “Firm”), a leading middle market private equity firm focused on the business services and distribution sectors, today announced a strategic minority investment from PACT Capital Partners (“PACT”), an independent GP stakes investment firm focused on investing in high-performing middle market alternative asset management firms.

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PACT’s investment is a passive, non-voting minority interest in Sterling. There will be no change to the Firm’s day-to-day management or investment process. The capital will support Sterling’s long-term strategic priorities, including increased general partner commitments to the Firm’s future funds, creating additional equity incentives for the Firm’s investment professionals, and continued investment into its resources and capabilities.

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“We are proud to partner with PACT. PACT distinguished themselves through their differentiated approach to value creation and proven track-record of backing high-quality middle market managers,” said Charles Santoro, Co-Founder and Managing Partner, James Soldano and Mike Barr, Managing Partners of Sterling in a joint statement. “Importantly, PACT shares our conviction that Sterling has never been better positioned over our 35-year history and values our consistent and rigorous approach to control investments in the middle market. We very much look forward to a mutually beneficial partnership.”

Joe Gault, Senior Partner at Sterling, added, “We are confident that our partnership with PACT will help strengthen our ability to deliver strong returns for our investors and to continue achieving excellence across our platform.”

“PACT seeks to partner with high-performing middle market investment firms that we believe have extraordinary investment expertise and operating capabilities to produce differentiated and consistent returns for their limited partners across cycles. As such, Sterling is exactly the type of firm with whom we like to partner. We have followed Sterling’s achievements for many years, and we are thrilled to have the opportunity to support their future success,” said Christian von Schimmelmann, Founder and Managing Partner at PACT.

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Brian Vickery, Founder and Head of PACT’s proprietary imPACT Platform, added, “We have been impressed by Sterling’s long-standing track record of delivering value and performance for their investors, continuity of leadership and culture, and demonstrated ability to build leading business platforms in the middle market. We are very excited to be Sterling’s strategic partner and to support the Firm’s next chapter.”

Specific terms of the transaction were not disclosed.

Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Sterling. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to PACT.

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