Sentinel acquires Chromalox in management buyout


Sentinel Adds to Industrial Manufacturing Portfolio


NEW YORK, March 18, 2011 - Sentinel Capital Partners, a private equity firm that invests in promising lower middle market companies, today announced it has acquired Chromalox, Inc., a leading global branded industrial manufacturer of commercial and industrial electric heating products and solutions. Terms of the transaction were not disclosed.

Based in Pittsburgh, Pennsylvania, Chromalox is a pioneer in precision heat technology. Over its 90-year history, Chromalox has produced the world's broadest line of electric heat and control products, including heating components, immersion heaters, circulation systems, heat transfer systems, boilers, industrial and comfort air heating, heat trace cables, sensors and precision electronic controls. With a library of 700,000 product designs, Chromalox has the broadest product portfolio in the industry. A one-stop supplier for heating applications, Chromalox serves a diverse base of more than 60,000 registered customers, including distributors, end users, OEMs, catalog houses, and system integrators.

"Chromalox has established itself as an industry leading brand, recognized for its legacy of engineering excellence, innovative solutions and product quality across a diverse set of end markets," said John McCormack, co-founder of and senior partner at Sentinel. "Chromalox is well positioned to benefit from continued economic improvement in both the U.S. and abroad. We look forward to assisting Chromalox's talented management team during the company's next phase of growth."

"For the past 90 years, we have provided our valued customers with mission-critical products and services," said Scott Dysert, CEO of Chromalox. "We are in a strong position to continue to provide superior customer service and maintain our market leading position."

Sentinel's investments in other specialty industrial businesses include: Chase Doors (made-to-order specialty door systems); Engineered Controls International (specialized pressure regulators); Alemite (lubrication equipment); Fasloc (roof support systems for underground mines); LTI (rubber and plastic sealing systems); and Trussbilt (steel security products for prisons.