Norwest Mezzanine Partners Invests Alongside Sterling Partners in DBi Services

August 18, 2016

Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) is pleased to announce it has invested subordinated debt and equity capital to support Sterling Partners in its investment in DBi Services, a global leader in infrastructure operations and maintenance (O&M). This transaction represents the first time NMP and Sterling have partnered together on an investment opportunity.

“On behalf of the entire NMP team, we appreciate the opportunity to partner with Sterling on this transaction,” said Sean Stevens, NMP Partner. “DBi is our first investment with Sterling, and throughout the entire process we were impressed with Sterling’s thoroughness, significant experience in the O&M industry, and partnership approach.”

Founded in 1978 as a small commercial residential maintenance company, DBi has grown over the years through organic growth and strategic acquisitions to be one of North America’s largest and leading transportation infrastructure (O&M) companies. With a global network of over 50 locations and more than 1,500 employees, DBi provides infrastructure maintenance, management and operations solutions to government agencies, utilities, private industries, railways, retailers and other infrastructure owners. Provided services include lake and pond management, vegetation management, grounds maintenance and landscaping, traffic sign management, roadway maintenance, sign installation and maintenance, pressure washing and graffiti removal, among others.
“It was great to work with NMP on this investment,” said Matt Hankins, Sterling Principal. “They spent the time to dig in to the diligence alongside Sterling, and in true partnership form, they were flexible and accommodating throughout the entire investment process. We look forward to working with NMP to execute on DBi’s numerous growth opportunities.”

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 investing in differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in middle market companies in the healthcare services and business services industries. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of professionals, including a strong network of outside directors and advisors. The people at Sterling believe in ideas and ideals, in people and in partnerships that drive long-term success. For more information, visit