Sentinel acquires the Colson Group


Leading Global Industrial Manufacturer Joins Sentinel Portfolio


NEW YORK, NY, April 17, 2012 – Sentinel Capital Partners, a private equity firm that invests in promising middle market companies, today announced that it has acquired the Colson Group, a private company owned by trusts for the benefit of members of the Pritzker Family of Chicago. Sentinel partnered in the transaction with Colson’s management, Matthew Pritzker, and CITIC Capital Partners. Terms of the deal were not disclosed.

Colson, acquired in 1953 by Jay and Bob Pritzker, is the worldwide leader in caster technology with 35 manufacturing and distribution facilities located in 15 countries. Colson has the most complete line of industrial casters, wheels, and hardware-related products globally. Colson’s products are used in industrial, commercial, and institutional applications, and it holds the premier position in its markets. Colson’s existing management team will continue under Sentinel’s ownership.

“Colson is a market leader in designing and manufacturing casters, and has a well developed, global footprint,” said Jim Coady, a partner at Sentinel. “Colson has an outstanding management team and is a strong business with significant growth potential. The continued investment of members of the Pritzker Family alongside us demonstrates confidence in Colson and Sentinel’s commitment to value creation.”

"Colson was such a big part of my father's life," said Matthew Pritzker, founder and chairman of the Matthew Pritzker Company and son of the late Bob Pritzker. "I'm thrilled to have the opportunity to stay involved in something he created and to be a part of continuing his legacy."

“My management team and I are very pleased that Sentinel has invested in Colson,” said Scott Chahalis, Colson’s Chief Executive Officer. “Sentinel has a reputation for being a value added partner in the industrial manufacturing sector. This is an exciting opportunity for our company and employees as we combine our efforts with Sentinel’s team.”

Sentinel’s investment in Colson further expands our investment commitment to the industrial sector. Sentinel’s industrials portfolio includes Chromalox, a leading global manufacturer of commercial and industrial electric heating products and solutions; Chase Doors, the global leader in high-quality and made-to-order specialty door systems; Engineered Controls International, the leading global manufacturer of specialized pressure regulators, valves and other control equipment used in liquefied and compressed gasses; and LTI Boyd, a leading designer and manufacturer of mission-critical sealing and energy management solutions.