Stout Advises on Recapitalization of Sterling Lumber Company
Stout served as the exclusive financial advisor to Sterling Lumber Company Inc., in connection with its receiving an investment from funds managed by Oaktree Capital Management, L.P., a global alternative investment management firm based in Los Angeles. Established in 1947 by John Sterling with headquarters in Phoenix, Illinois, Sterling is a leading North American provider of access, crane, and outrigger mats to owners and constructors of energy and power infrastructure. Sterling’s products and services are used in constructing temporary access roads and providing ground stabilization for heavy equipment on transmission & distribution, oil & gas pipeline, and renewable energy infrastructure jobsites. Sterling also provides turnkey matting solution services, which help protect the environment, generate efficient jobsite workflows, and play a critical role in ensuring jobsite safety. The partnership with Oaktree will provide strategic support and industry relationships in an effort to continue Sterling’s growth.