Sterling Group sells manufacturer Tangent Technologies
- In 2018, Sterling partnered with Tangent
- Tangent Technologies was founded in 2003
The Sterling Group has sold Tangent Technologies, an Aurora, Illinois-based maker of materials used for outdoor living, site amenities, structural applications and marine decking. The buyer is Platinum Equity.
No financial terms were disclosed.
In 2018, Sterling partnered with Tangent. During Sterling’s ownership, Tangent expanded to serve new customers and new end markets, more than tripling in size.
Moelis and Lincoln served as financial advisors and McDermott Will & Schulte served as legal advisor to Tangent.
Tangent Technologies was founded in 2003.
