The Sterling Group has hired Jim Apple as a Senior Vice President, Business Development. In his new role at Sterling, Mr. Apple will lead the firm’s transaction sourcing efforts with an immediate focus on family businesses and corporate carve-outs in the basic manufacturing, distribution and industrial services sectors.
“Jim’s depth of knowledge of industrial businesses in the middle market will be a great asset to Sterling,” said Greg Elliott, Partner of The Sterling Group. “Jim’s addition will help ensure that Sterling continues to identify and partner with exceptional management teams to grow industrial businesses.”
Prior to joining Sterling, Mr. Apple spent nine years with Morgan Keegan and Raymond James in financial sponsor coverage and managing the investment bank’s relationship with Regions Bank and its private client group. He spent 15 years as an economic development practitioner prior to his time in investment banking. Mr. Apple has a BA in economics and international studies from Rhodes College.
The Sterling Group targets controlling interests in basic manufacturing, industrial services and distribution companies that have enterprise values from $100 million to $500 million. Sterling has sponsored the buyout of 42 platform companies and numerous add-on acquisitions for a total transaction value greater than $9.9 billion. The firm was founded in 1982 and is headquartered in Houston (www.sterling-group.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-2-13