The Sterling Group announced it has entered into a definitive agreement to sell Tangent Technologies to Platinum Equity. The financial terms of the transaction were not disclosed, and the deal is expected to close in the third quarter of 2026.
Based in Aurora, Illinois, Tangent is a manufacturer of high-performance synthetic materials used across outdoor living, site amenities, structural applications, and marine decking markets. The company’s materials have become a leading substitute for traditional building products due to their durability, low maintenance requirements, and aesthetics. Tangent also manufactures its products using a combination of post-consumer and post-industrial recycled feedstock.
Sterling initially partnered with Tangent’s founders in 2018 to help build on the company’s track record of innovation and strong customer service in the synthetic materials sector. During Sterling’s ownership period, Tangent expanded into new customer segments and end markets while more than tripling in size.
Sterling said its experience working with family sellers and its history of sharing economics with employees were important factors in forming the original partnership with Tangent. Sterling Partner John Griffin also spent a year embedded in the business to help the management team execute growth initiatives.
Support: Moelis and Lincoln served as financial advisors, and McDermott Will & Schulte served as legal advisor to Tangent.
KEY QUOTES:
“Sterling is grateful for the trust founders Guy DeFeo, Andy Stephens, and Pancho Morales placed in us when choosing Sterling as a partner.”
“I am confident Tangent’s exceptional management team, led by CEO Kevin Potthoff and President/CFO Brad Huffman, will achieve even greater milestones in the next phase of growth in partnership with Platinum.”
John Griffin, Partner at The Sterling Group
