True Wind Capital Makes Growth Investment in Sterling Capital Brokers

HGGC Acquires Sterling Brokers from True Wind Capital

October 6, 2025

Insurance

HGGC completed an investment in Sterling Brokers, a Toronto-based benefits brokerage and third-party administrator, acquiring the company from True Wind Capital. Financial terms were not disclosed; Carlyle Direct Lending and Northleaf Capital Partners provided debt financing to support the transaction.

True Wind Capital and Elyan Partners Invest in Envoy Global

January 24, 2022

Cloud & SaaS

True Wind Capital and Elyan Partners have made a growth investment in Envoy Global, partnering with existing shareholder Palladium Equity Partners to support the immigration software and services provider's next phase of growth. The new investors will help Envoy scale its technology platform and expand its services internationally, particularly into Europe.

True Wind Capital Makes Growth Investment in W Energy Software

January 13, 2022

Cloud & SaaS

True Wind Capital completed a strategic growth equity investment in W Energy Software to accelerate the company's expansion into new markets and support product and M&A-led growth. M33 Growth and certain founders and shareholders rolled a meaningful portion of their equity; Mark Hill was appointed CEO as part of a leadership succession plan.

True Wind Capital Acquires 19% Stake in SUNCORPORATION via Tender Offer

August 19, 2024

Manufacturing

True Wind Capital Management completed a tender offer to acquire 4,239,500 common shares (approximately 19%) of SUNCORPORATION for JPY 5,500 per share. The San Francisco-based private equity firm said the minority stake establishes a partnership with SUN's leadership to support long-term value creation and build on prior collaboration related to Cellebrite.

Guardian Capital LLC Acquires Sterling Capital Management from Truist Financial

February 3, 2024

Financial Services

Guardian Capital Group Limited announced it has agreed for its wholly owned subsidiary, Guardian Capital LLC, to acquire Sterling Capital Management from Truist Financial Corporation. The purchase is for $70 million on closing to buy 100% of Sterling’s equity, subject to customary adjustments and earn-outs, with anticipated closing in Q2 2024.

TA Associates and True Wind Capital Make Strategic Growth Investment in e-Emphasys Technologies

November 17, 2021

Cloud & SaaS

TA Associates and True Wind Capital announced a strategic growth investment in e-Emphasys Technologies, a Cary, North Carolina–based provider of cloud-based ERP and dealer management (DMS) software for equipment dealers and rental companies. Financial terms were not disclosed; representatives from both investors will join e-Emphasys' board to support the company's geographic expansion and product growth.