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Alemite Holdings, LP

www.alemite.com

Corporate Carveout
Operational Turnaround
Refocused Business Strategy

Press Releases
01/2006
06/2002


Alemite Corporation, headquartered in Charlotte, North Carolina, is the leading designer, manufacturer, and marketer of industrial lubrication equipment and components in North America.

Alemite is one of the most highly respected and recognizable brands in the lubrication industry. Alemite's product line includes grease guns, grease fittings, pumps and reels, and automatic lubrication devices. Alemite invented the hydraulic grease fitting in the 1920s and has been a leader in the industrial lubrication market for the past 80 years.

Alemite is well positioned to expand internationally and to make complementary acquisitions in the U.S. that can take advantage of the company's strong domestic distribution channels.

In June 2002, Sentinel Capital Partners acquired Alemite, a former subsidiary of Invensys plc, in a management buyout and corporate carveout transaction valued at $39.3 million. AmSouth Bank, a division of AmSouth Bancorporation (NYSE: ASO), provided senior debt financing for the transaction. American Capital Strategies, Ltd. (NASDAQ: ACAS) provided subordinated debt financing. Alemite's management also invested in the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners II, L.P.

In January 2006, after achieving substantially all of its investment objectives within three-and-a-half years, Sentinel sold Alemite to Lincoln Industrial Corporation, an affiliate of Harbour Group, a private equity firm. Since Sentinel's original investment, Alemite's sales and profitability have grown by more than 25% and 50%, respectively. The investment produced an excellent return for Sentinel – approximately 4x in 3½ years, for an IRR of approximately 45%.



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Chase Doors, Inc.

www.chasedoors.com/

Management Buyout

Press Releases
09/2014
12/2010


Chase Doors, headquartered in Cincinnati, Ohio, is the the global leader and most recognized manufacturer of high-quality, made-to-order specialty door systems.

Founded in 1932, Chase Doors offers of a broad spectrum of specialty door systems employed in a variety of industrial and commercial settings including corrosion resistant doors used for hazardous material handling; cold storage doors used in walk-in freezers and refrigerators; double impact traffic doors used in supermarkets and restaurants; and strip and roll-up doors used in warehouses.

Using its vertically integrated North American based door manufacturing capabilities, Chase Doors offers superior design and engineering processes which enhance the functionality, durability, and life of its products. With revenues evenly distributed across new construction, remodeling and replacement, and maintenance, Chase Doors serves a wide array of end markets, including retail, industrial, pharmaceutical, food processing, distribution, postal and institutional.

As one of the oldest and largest suppliers of double-acting impact traffic doors, Chase Doors began as an insulated walk-in cooler and specialty refrigeration equipment manufacturer. Since then, Chase Doors has expanded its line to include impact traffic doors, service doors, flexible doors, strip doors, postal and security doors, corrosion resistant doors, and sliding fire and sliding service doors. Chase Doors pioneered the original flexible AirGard™ door with its unique top-mounted-only gravity hinging system, which still serves food processing, industrial manufacturing, and retail stores. Chase Doors manufactures other leading brands in the specialty door market, including Durulite®, Saino™, Proline™, Chase™, Econo Max™ ColdGuard™, DuraShield™ and FibRDor™.

In September 2014, after achieving substantially all of our investment objectives, Chase Doors was sold to another private equity firm. Since Sentinel's original investment, Chase Doors made two add-on acquisitions, more than doubled its revenues, and more than tripled its profitability. Chase Doors remains well positioned to continue growing under the leadership of its outstanding management team.



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Chromalox, Inc.

www.chromalox.com

Management Buyout

Press Releases
12/2012
03/2011


Chromalox, Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global branded manufacturer of commercial and industrial electric heating products and solutions.

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.

Customers rely on Chromalox for high quality, innovative solutions for commercial and industrial heating applications. With multiple manufacturing, engineering, warehousing and sales locations in North America, Europe and Asia, Chromalox is a leading global supplier providing the highest level of customer support.

In December 2012, after achieving substantially all of our investment objectives, Chomalox was sold to another private equity firm. Since Sentinel's original investment, Chromalox's organic growth was susbstantial and its profits almost doubled. Chromalox remains well positioned to continue growing under the leadership of its superb management team.



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Colson Group

www.colsongroup.com

Management Buyout
Transition from Family Ownership

Press Releases
04/2012


Headquartered in Chicago, Illinois, Colson Group is the market leader in the design, manufacture, and distribution of casters, wheels, and related hardware products. Colson maintains the premier position worldwide in caster technology. Colson’s products comprise a wide range of casters and wheels, including light duty, medium duty, heavy duty and super heavy duty used in industrial, commercial and institutional applications. Colson’s manufacturing and distribution infrastructure is the broadest in the industry, with 35 facilities located in 15 countries. Colson’s branded product portfolio is recognized as the highest quality in the market, which is critical for end users for whom the cost of failure is high.

Sentinel acquired Colson from Pritzker family trusts. Jay and Bob Pritzker orignially acquired Colson in 1953. Under the Pritzkers, Colson became the worldwide leader in caster technology and today offers its customers the most complete line of industrial casters. Through its Shepherd Hardware subsidiary, Colson also offers cutting edge mobility solutions for the retail consumer market.



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Engineered Controls International, LLC

www.regoproducts.com

Management Buyout
Transition from Family Ownership

Press Releases
12/2013
08/2010


Engineered Controls International, Inc., headquartered in in Elon, North Carolina, is the global leader in manufacturing specialized pressure regulators, valves and other control equipment for use with liquefied and compressed gases. Over its more than 100-year history, ECI has established a global leadership position serving a diversified international base of approximately 550 customers in more than 100 countries including propane and cryogenic gas equipment distributors and leading gas storage tank OEMs. ECI’s premium, branded products are recognized as the highest quality in the market, which is critical for millions of end users who rely upon its equipment to ensure the safe transportation and use of potentially hazardous gases.

In August 2010, Sentinel Capital Partners and management invested in ECI in a management buyout transaction. Sentinel originated, sponsored and negotiated the transaction, and provided private equity financing from Sentinel Capital Partners III, L.P. and Sentinel Capital Partners IV, L.P.

In December 2013, after achieving substantially all of our investment objectives, ECI was sold to another private equity firm. Since Sentinel's original investment, ECI's organic growth was substantial and its profits almost doubled. ECI remains well positioned to continue growing under the leadership of its outstanding management team.



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Fasloc, Inc.

www.faslocinc.com

Corporate Carveout
Management Buyout

Press Releases
01/2007
10/2005


Fasloc, Inc., headquartered in Martinsburg, West Virginia, is a leading manufacturer of specialized underground mine roof support systems. Fasloc's products utilize resin cartridges to create strong and reliable roof bolting systems.

Established in 1975, Fasloc manufactures polyester resin cartridges, under the Fasloc® and Cableloc® brands, that permanently secure roof support bolts used in mines to create stable and secure roofs, particularly in underground coal mines in the Eastern United States. The business has a history of innovation related to manufacturing, products and applications. The Fasloc name is a highly regarded brand in the coal mining industry.

Fasloc is well positioned to continue to expand in its existing markets. At the time of our investment, industry forecasts indicated that the coal mining business was expected to continue growing and that demand for roof bolt resins would mirror that trend. Also the company's Fasloc® and Cableloc® brands are premium products with superior technology elements and a history of product innovation. Fasloc's seasoned management has a proven track record of building value over a long period of time.

In October 2005, Sentinel Capital Partners and management acquired Fasloc in a buyout and carveout transaction from E.I. du Pont Nemours and Company (NYSE: DD). Bank of New York and Bank of Ireland provided senior debt financing for the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided equity financing from Sentinel Capital Partners III, L.P.

In February 2007, after achieving substantially all of its investment objectives, Sentinel sold Fasloc to DSI USA , an affiliate of Germany-based DYWIDAG-Systems International. Since Sentinel's original investment, Fasloc's profitability has grown by more than 60%.



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IEP Technologies, LLC

www.ieptechnologies.com

Corporate Carveout
Management Buyout

Press Releases
09/2015
07/2013


IEP Technologies, LLC, headquartered in the greater Boston area, provides systems and services that detect, suppress, isolate and/or vent potential combustible dust or vapor explosions in process industries. IEP Technologies provides best-in-class explosion protection systems, design engineering, replacement parts, material testing, and service and support to its global customer base.

IEP Technologies' platforms include sophisticated computer calculation tools, and have been subjected to thousands of full-scale explosion tests spanning five decades of field experience. IEP Technologies will continue to lead the industry in research and development and make investments in new product technologies and existing product innovations and is well positioned to build collaboratively on the significant collective, global strengths of its existing system design platforms.

IEP Technologies is the global leader in the explosion protection industry, with operations in North America and Europe. IEP Technologies serves customers across North and South America, Western and Eastern Europe, and has a growing presence in the Indian subcontinent and the rest of Asia. IEP Technologies offers the industry's leading array of industrial explosion systems, design engineering, replacement parts, material testing, and service and support to its customer bases around the world.

In September 2015, after achieving substantially all of our investment objectives, IEP was sold to strategic buyer HOERBIGER Group. At the time of our original investment, IEP consisted of five separate companies operating under three different brands in five countries, each with separate management teams and IT infrastructures. Today, IEP operates under one global brand with fully integrated management and IT systems. Moreover, during this period, IEP also grew its sales and profitability. IEP remains well positioned to continue growing under the leadership of its outstanding management team and new owners.



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LTI Boyd, Inc.

www.ltiflex.com

Recapitalization
Restructured Operations
Refocused Business Strategy
Subsequent Add-On Acquisitions

Press Releases
07/2012
07/2011
04/2006


LTI Boyd, headquartered in Modesto, California, is the leading global designer, manufacturer, and distributor of engineered, high-performance components for market leading original equipment manufacturers. LTI Boyd manufactures extruded, die-cut, and molded flexible rubber and plastic components and sealing systems used in wide variety of industries including commercial and recreational vehicles, aerospace platforms, agricultural and construction equipment, medical devices, filtration equipment, electronics, and industrial applications.

LTI Boyd's design expertise, material knowledge, global manufacturing footprint, and superior execution position it as a strong partner for its OEM customers. LTI Boyd is the market leader in a large and growing market that is highly fragmented, with significant opportunities for growth both organically and through acquisition.

In April 2006, Sentinel Capital Partners and management acquired LTI Flexible Products in a management buyout. Sentinel sponsored the transaction and provided equity financing from Sentinel Capital Partners III, L.P.

In October 2006, LTI acquired Nott-Atwater Company, a leading manufacturer of custom and specialized industrial gaskets for the heavy truck, HVAC, and recreational vehicle industries.

In April 2009, LTI acquired Derby Cellular Products, a manufacturer of extruded rubber gaskets and seals for the filtration, commercial vehicle, window, and recreational vehicle industries.

In July 2011, LTI acquired Boyd Corporation, a leading designer and manufacturer of mission-critical sealing and energy management solutions for blue-chip OEMs serving the electronics, heavy truck, aerospace, and medical device markets. This highly complementary acquisition significantly increased the size and scale of LTI and created the leading global provider of custom-fabricated gaskets and sealing systems.

In July 2012, after achieving substantially all of our investment objectives in six years, LTI Boyd was sold to another private equity firm. Since Sentinel's original investment, LTI Boyd grew by almost fivefold, organically and via three acquisitions, and its EBITDA increased almost fourfold. LTI Boyd remains well positioned to continue growing following the deep recession of 2008–2009.



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Luminaires Group

www.theluminairesgroup.com

Transition from Founder Ownership

Press Releases
06/2016


The Luminaires Group ("TLG"), founded in 1987 with hubs in Montreal, Canada and Oceanside, California, is a leading North American manufacturer of specification-grade and architectural lighting fixtures. TLG designs, develops, manufactures, and distributes specification-grade lighting products across North America via three niche brands, each with its own focus. Eureka concentrates on indoor and outdoor decorative lighting; Amerillum focuses on indoor and outdoor architectural lighting; and Cyclone specializes in outdoor area lighting. TLG serves commercial, institutional, hospitality, and municipal end markets and offers a wide range of contemporary lighting fixtures for interior and exterior use. TLG has received many industry awards for its innovative lighting designs and product excellence, including several prestigious Reddot Awards

TLG is a leading lighting platform with strong development and design capabilities and a record of innovation. TLG enjoys an impressive breadth of award-winning products and benefits from longstanding sales relationships and distribution channels in North America. Operating in a highly-fragmented market, TLG is a leader in best practices and operational excellence.

In June 2016, Sentinel Capital Partners recapitalized TLG, whose management also invested in the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners V, L.P.



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Madill Inc.

www.madillequipment.com

Management Buyout

Press Releases
06/2005


Madill Inc., headquartered in Nanaimo, British Columbia, is leading manufacturer, marketer and distributor of forestry and logging equipment primarily serving the North American market.

Founded in 1911, Madill has grown over the past decade as the result of strategic acquisitions and organic growth. Madill manufactures technologically superior mechanical harvesting and other logging equipment at its facilities in British Columbia and Washington State and has sales and distribution offices in the northwest U.S. and western Canada. Madill's products are designed exclusively for the needs of the forestry industry and are purpose-built to withstand both extreme terrain and weather conditions. The Madill name is a highly regarded brand in the logging industry.

Madill's seasoned management has a proven track record of building value for its investors and management partners over a long period of time.

In June 2005, Sentinel Capital Partners and management acquired Madill in a buyout transaction. GE Commercial Finance and Bank of Montreal provided senior debt financing for the transaction, and McKenna Gale provided subordinated debt. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners III, L.P.



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Met Displays, Inc.

Management Buyout
ESOP
Transition from Family Ownership
Subsequent Add-On Acquisitions

Press Releases
06/1999
09/1998
12/1997


Met Merchandising Concepts, located in Chicago, Illinois, designs and manufactures high-quality fixtures, forms, and displays for upscale retail stores. Met has established a leading position in the visual merchandising industry and serves a diverse group of prominent department store, specialty store, and branded consumer product companies operating vendor shops within retail stores. During the past several years, retailers and branded consumer companies have increasingly developed consistent identities to market and differentiate their products.

The development and acceptance of the store-within-a-store or vendor-shop concept have caused department stores to evolve into a series of separate brand environments, with vendors heavily influencing the visual presentation of their merchandise. These changes have also led department stores to outsource more of the in-store design function to visual display companies such as Met. The company's leading-edge design and product development expertise combined with its manufacturing, delivery and installation capabilities allow Met to offer one-stop solutions to its customers.

In 1997, Sentinel Capital Partners originated, sponsored, and, together with management, provided the private equity financing in a recapitalization of Met Merchandising valued at $25 million.

In June 1999, Sentinel and management sold Met to Leggett & Platt, Incorporated (NYSE:LEG). With sales and net income in excess of $3.5 billion and $250 million, respectively, Leggett is a leading manufacturer of component and finished products for the furniture industry. Leggett is actively pursuing acquisitions in the fixture and display industry. Met represents an attractive strategic fit for Leggett and gives Leggett access to upscale customers such as Saks Fifth Avenue, Macy's, Ralph Lauren, Tommy Hilfiger, Levi's, Timberland and Liz Claiborne. Sentinel and management decided to sell Met after only eighteen months because substantially all of the investment's original objectives had been achieved.



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PlayCore Inc.

www.playcore.com

Management Buyout

Press Releases
05/2014


PlayCore Inc., headquartered in Chattanooga, Tennessee, is one of the leading playground equipment and recreation products companies in the world, specializing in commercial playground, park, recreation, performance and specialty equipment.

PlayCore designs and builds a wide spectrum of specialty equipment ranging from basic, modular play structures to complex, theme-based play environments that require significant creative and engineering competencies. PlayCore also provides a broad array of site amenities, surfacing, seating, performance, and fitness solutions, including picnic tables, benches, bleachers, bike racks, and outdoor fitness stations. Widely recognized as the industry thought leader, PlayCore also offers highly differentiated value-added services such as designing curriculum-based education programs for playgrounds and parks and helps customers access funding sources. PlayCore is an innovative leader and possesses a strong portfolio of leading brands in the playground and recreation market.

Customers rely on PlayCore for high quality, innovative solutions for commercial park and recreation applications. With multiple manufacturing, engineering, and sales locations in North America, PlayCore provides the highest level of customer support. The following PlayCore Video provides more information.



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Power Products, LLC

www.powerprodllc.com

Corporate Carveout
Management Buyout

Press Releases
12/2016
12/2013


Headquartered in Menomonee Falls, Wisconsin, Power Products is a global, diversified electrical products supplier primarily serving the construction and remodeling, marine and recreation, and industrial markets. Power Products owns a broad portfolio of recognized brand names, including Blue Sea Systems, Del City, Gardner Bender, Lenco Marine, Marinco, Mastervolt, and ProMariner.

Power Products designs, manufactures and distributes branded electrical tools, consumables, wiring products, harsh-environment power conversion solutions, inverters, switches, and other related electrical products and accessories. Power Products goes to market through a variety of sales channels including OEMs, wholesale distributors, internet, catalog, and retail outlets.

Having owned the business for more than three years and having achieved our investment objectives, in March 2017 Power Products was sold to another private firm in a management buyout. Since Sentinel's original investment, Power Products made three add-on acquisitions to strengthen its core business and divested two non-core divisions. During our ownership, Power Products' profitability rose almost 60%. Power Products remains well positioned to continue growing under the leadership of its outstanding management team.



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RotoMetrics, Inc.

www.rotometrics.com

Management Buyout

Press Releases
11/2014


RotoMetrics is the leading global provider of precision rotary tooling for the printing and converting industries. RotoMetrics supports customers from manufacturing and repair service facilities in nine countries including the United States, Canada, United Kingdom, Denmark, Germany, Australia and Thailand.

Headquartered in St. Louis, Missouri, RotoMetrics provides made-to-order precision rotary cutting dies and engineered tooling for web converting and printing applications. These products are critical components in the production of a wide array of tags, labels, and packaging items used in the consumer goods, healthcare and industrial markets. RotoMetrics maintains deep relationships with a highly diverse blue chip customer base of more than 5,000 converters and OEMs. RotoMetrics enjoys the #1 position in its core tag and label market.



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SONNY'S Enterprises, Inc.

www.sonnysdirect.com/

Recapitalization

Press Releases
12/2016


SONNY'S Enterprises, Inc. is the leading worldwide manufacturer of conveyorized car wash systems. SONNY'S is headquartered in Tamarac, Florida, where it designs and manufactures car wash systems.

With strong development and design capabilities and a long-term record of innovation and excellent customer satisfaction, SONNY'S has become the premier global provider of car care products to car wash professionals. SONNY'S offers a broad range of car wash products and services and has established longstanding sales relationships and distribution channels throughout North America.



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Trussbilt LLC

www.trussbilt.com

Management Buyout

Press Releases
02/2007


Trussbilt LLC, headquartered in Vadnais Heights, MN, is a specialty manufacturer of steel security products for the detention and corrections market.

Founded in 1926, Trussbilt makes correctional facilities such as prisons and jails more secure and cost-effective by designing and building security products that set the standard for safety, reliability and innovation. Trussbilt is the only company in the detention industry that offers a complete line of steel doors, walls, frames, ceilings and other furnishings. The company’s proprietary design for metal door and wall construction uses a unique manufacturing process resulting in a thin, light steel panel of tremendous strength and durability.

Trussbilt has supplied products to all 50 states as well as 17 foreign countries. The company’s commercial product line provides protection from threats such as intrusion, severe weather, explosives and other terrorist threats. Trussbilt's innovative products deliver high quality, cost-effective solutions for a full range of security environments.

Sentinel Capital Partners and management acquired Trussbilt in a management buyout transaction. Marshall & Ilsley Bank provided senior debt for the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners III, L.P. Trussbilt was sold to an industry buyer in October 2014.