Middle market private equity firm The Sterling Group’s affiliated investment fund, Sterling Group Partners III, is to acquire all of the equity interests that comprise the Dexter Axle business from Tomkins Industries, a subsidiary of Pinafore Holdings.
The Dexter Axle business manufactures trailer axle, brake and suspension assemblies and related replacement parts and components.
The closing of the transaction is subject to customary conditions and is expected to occur in the last quarter of 2012.
