Sterling Group sells Process Barron to Carousel Capital

The Sterling Group said March 6 that it sold Process Barron to Carousel Capital. Financial terms weren’t announced. Process Barron, of Birmingham, Alabama, designs, makes and installs industrial process fans and material handling systems, while also providing follow-on service and maintenance for this equipment. Houlihan Lokey and Willkie Farr & Gallagher advised Sterling on the transaction.

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