Sterling Group-backed Platinum Equity acquires Tangent Technologies
The Illinois-based manufacturer of synthetic outdoor living and marine decking materials more than tripled in size under The Sterling Group's ownership.
Takeaways
- Tangent Technologies is a manufacturer of high-performance synthetic materials for outdoor living and marine decking.
- Platinum Equity is acquiring Tangent Technologies with backing from Sterling Group.
- The target serves outdoor living, site amenities, structural applications, marine decking across Illinois, US.
Platinum Equity has agreed to acquire Tangent Technologies, an Aurora, Illinois-based manufacturer of high-performance synthetic materials for outdoor living, site amenities, structural applications, and marine decking, from The Sterling Group.
Tangent produces its products using a combination of post-consumer and post-industrial recycled feedstock.
Under Sterling's ownership since 2018, the company expanded into new customer and end markets, more than tripling in size.
"Sterling is grateful for the trust founders Guy DeFeo, Andy Stephens, and Pancho Morales placed in us when choosing Sterling as a partner," said John Griffin.
Platinum Equity sees opportunity for continued growth in high-performance synthetic materials, supported by a strong management team.
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