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SEPTEMBER 24, 2011

Sterling Partners, a middle market private equity firm with $4 billion in assets under management and offices in Chicago, Baltimore, and Miami, today announced the promotion of Garrick Rice to Managing Director. Garrick joined the firm as a Vice President in 2001 and has served as a Principal since 2005.

“Garrick is an invaluable part of our investment team, and he has made many significant contributions to the success of our firm over the past several years,” said Steven Taslitz, Chairman of Sterling Partners. “He has been very effective in identifying investment opportunities and working with portfolio companies to create value, particularly during this most recent period of economic turmoil.   As a result of his deep experience, dedication, and creativity, we expect him to continue to have a significant impact as we partner with operators.”