Sterling Group Foundation Fund Acquires Slingmax Group
The Sterling Group Foundation Fund has acquired Slingmax Group, a leading provider of engineered lifting and rigging solutions. Based in Aston, Pennsylvania, Slingmax operates across multiple industries including utilities, aerospace, construction, and marine sectors with its vertically integrated model spanning design to distribution. Sterling aims to leverage its operational expertise to drive growth at lower middle market companies like Slingmax. The acquisition follows previous ownership by River Associates, a Tennessee-based private equity firm. Piper Sandler advised on the transaction while Latham & Watkins provided legal counsel for Sterling.