The Sterling Group has completed the sale of Tangent Technologies, a manufacturer specializing in materials for outdoor living, site amenities, structural applications, and marine decking. Based in Aurora, Illinois, Tangent Technologies was founded in 2003. The buyer in this transaction is Platinum Equity. Financial terms of the deal have not been disclosed.

Sterling Group initially partnered with Tangent Technologies in 2018. Under Sterling's ownership, Tangent experienced significant growth, expanding its reach to new customers and end markets, ultimately more than tripling in size. This expansion highlights the successful stewardship and strategic development during Sterling's investment period.

To facilitate this transaction, Tangent Technologies received advisory services from Moelis and Lincoln, who acted as financial advisors. McDermott Will & Emery provided legal counsel. The acquisition by Platinum Equity marks a new chapter for Tangent Technologies, leveraging its established market position and growth trajectory developed over the years.