CW
Deals

Project Sterling

Catheter components · Precision manufacturing · Minnesota · Add-on for Kestrel Precision

  1. Teaser
  2. NDA
  3. CIM review
  4. IC review
  5. IOI
  6. Management meetings
  7. LOI
  8. Diligence

Revenue

$29M

EBITDA

$5.9M

Margin

20.3%

Ownership

Founder-owned

Owner

Daniel Park

Target close

20 Nov 2026

Deal-breaker screen

Not screened yet.

Banker

Calder Ridge Securities

Marcus Hale · mhale@calderridge.example

Source inbox · daniel.park@ · received 2 May 2026

Documents

  • Sterling LOI.pdf
  • Diligence tracker.xlsx

Process timeline

  1. 2 MayTeaser
  2. 11 AugLOI signed at 8.0x
  3. 1 SepConfirmatory diligence started

Decision history

  1. 10 AugSign LOI · IC