New Downtown Space Fosters INSPIRED GROWTH™
Chicago, June 18, 2012 – Sterling Partners, a middle market private equity firm with approximately $5 billion in assets under management, is relocating its suburban Northbrook offices to downtown Chicago’s 401 North Michigan Avenue, which is located adjacent to the Chicago River at the gateway to the Magnificent Mile.
“The decision by Sterling Partners to relocate its largest office to downtown Chicago affirms the city’s position as a leading financial center and further enhances confidence in Chicago as a city on the move, a place where jobs are created and where economic opportunity grows,” said Rahm Emanuel, Mayor of Chicago. “Sterling Partners has been an important member of Chicago’s business community for years, and we’re happy to welcome the firm downtown.”
The move represents Sterling’s commitment to its purpose of Inspired Growth – creating a space that fosters the entrepreneurial and collaborative spirit of the firm.
“We want to create an environment that stimulates great ideas for us and our portfolio companies,” said Steven Taslitz, chairman and co-founder of Sterling. “The resources and talent that reside in the heart of Chicago will serve as a catalyst to be better, more thoughtful and creative partners.”
“We have long-standing relationships with several of our city’s schools, including Northwestern and the University of Chicago,” said Eric Becker, co-founder. “The new office’s proximity to the University of Chicago’s Gleacher Center will bring the talent, energy and innovation found on campus to our firm.”
Sterling will be joining its other portfolio companies located downtown, including SAVO, Kendall College, School of Rock, Sylvan, Optimer Brands and Tribeca Flashpoint Academy. The firm looks forward to joining the city’s commercial district and its continued participation in the development and growth of Chicago’s economy. Sterling’s entire Northbrook office, including more than 50 professionals, will move downtown before the end of the year.
Attracting corporate headquarters to Chicago is a key element of the city’s Plan for Economic Growth and Jobs, which was crafted by World Business Chicago earlier this year at Mayor Emanuel’s request.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH™, which describes Sterling’s approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore, and Miami.
The people at Sterling believe in ideas and ideals, in people and partnerships that drive long-term success. For more information please visit www.sterlingpartners.com.