Sterling Group Completes Sale of Tangent Technologies to Platinum Equity
The Sterling Group has completed the sale of Tangent Technologies to Platinum Equity, marking another step in its portfolio strategy. Based in Aurora, Illinois, Tangent is a leading manufacturer of high-performance synthetic materials used for outdoor living and structural applications. The company's products are made from recycled feedstock and have gained popularity as durable alternatives to traditional building materials. Sterling acquired the business in 2018 alongside its founders and helped expand it significantly during ownership, more than tripling its size by entering new markets and serving additional customers. Moelis and Lincoln acted as financial advisors for Tangent, while McDermott Will & Schulte provided legal counsel.