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Interior Logic Group Completes Acquisition of Sterling ManufacturingInterior Logic Group, Inc. ("ILG") is pleased to announce that the company recently completed the acquisition of Sterling Manufacturing ("Sterling"), a countertop and cabinetry installation business headquartered in Sarasota, FL. The acquisition represents a significant expansion of ILG's business in southwest Florida. Sterling Manufacturing fabricates and installs countertops and installs cabinets, primarily for homebuilders from Tampa to Naples. Interior Logic Group is the largest installation services provider of flooring, countertops and cabinets to the single-family housing market in the United States and within the state of Florida. Sterling's exemplary service record and reputation with its roster of production builder customers make it an excellent fit within the ILG organization. Tom Shapiro, President of Sterling, said, "Sterling's employees and customers are excited about this partnership and the opportunity it presents to deliver even greater value to our customers. We believe the best practices shared between our companies will further differentiate us from our competitors. The relationship with ILG offers deep access to capital and investment to deploy the latest technologies and equipment available in our industry." Mark Fikse, ILG's EVP of Business Development and Operations said, "This acquisition is our third acquisition in Florida and positions us to be the leading interior service provider for homebuilders in Florida. Additionally, this brings ILG its 10th countertop fabrication facility in the country." Interior Logic Group recently completed a merger with Interior Specialists, Inc. to form a new $1.5 billion company owned jointly by Littlejohn & Co., LLC and Platinum Equity, in addition to its senior leadership team. Sterling represents the first acquisition by the combined ILG business in a fragmented competitie landscape. ILG President and CEO Alan Davenport said, "ILG's acquisition of Sterling is the first of what will be many acquisitions of businesses with similar core values to ILG with excellent customer relationships and robust financial performance. We are enthusiastic about the path ahead as ILG ramps its growth profile both organically and inorganically."
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