#USA #Houston #Sterling Group #Rox Capital #Scruggs Companies

Rox Capital Partners Sells Water Infrastructure Platform Scruggs to Sterling Group

Rox Capital Partners, a private equity firm headquartered in Texas, has successfully completed the sale of The Scruggs Companies to The Sterling Group. This strategic transaction signifies not only a pivotal moment for Rox but also marks a significant advancement in the water infrastructure sector across the Southern and Midwestern United States.

The Scruggs platform was developed through the merger of The Scruggs Companies and Neil Technical Services (NTS), which have positioned the consolidated entity as a foremost regional provider of municipal water infrastructure solutions. Headquartered in Houston, Scruggs specializes in flow control products and maintenance services vital for municipal water and wastewater systems.

Under Rox’s stewardship, Scruggs has embraced a focused growth strategy aimed at enhancing product offerings and service capabilities, thereby solidifying its position with municipal clients. Initiatives during Rox's ownership have included the integration and scaling of operations across key markets and the ongoing expansion of NTS's capabilities. These strategic maneuvers have fortified Scruggs’ market presence and laid the groundwork for sustained future growth.

Looking ahead, the existing management team, including pivotal members from both the Scruggs and NTS legacies, will continue to drive the business's vision under Sterling's ownership. Al Cameron, Managing Partner at Rox Capital Partners, expressed pride in the accomplishments of the Scruggs and NTS teams and gratitude for their partnership, emphasizing how this venture illustrates Rox's strategy of linking with proficient operators to cultivate leading businesses within crucial service domains.

Cameron pointed out that this acquisition reflects Rox's methodology of collaborating closely with management teams to boost operational improvements, accelerate growth trajectories, and establish long-term value across their portfolio. As such, they are confident that under Sterling's guidance, Scruggs is well-positioned for its next phase of success.

The terms of the transaction remain undisclosed, but Rox's commitment to building robust infrastructure services is clear.

For further details, you can visit the official website of Rox Capital Partners: www.roxcp.com. The firm remains focused on nurturing lower middle market businesses, ensuring they achieve operational excellence and growth potential in essential markets.