Sentinel Capital Partners establishes IEP Technologies

Forms Leading Global Industrial Explosion Protection Company

NEW YORK, July 22, 2013 – Sentinel Capital Partners, a private equity firm that invests in promising lower middle market companies, today announced the formation of IEP Technologies, a company created through a carve-out of the industrial explosion protection businesses of UTC Climate, Controls & Security, a unit of United Technologies Corp. These businesses, which currently go to market under the names Fenwal Explosion Protection (USA), Incom Explosionsschutz (Switzerland), Kidde Explosionsschutz (Germany) and Kidde Explosion Protection (United Kingdom), have combined under IEP Technologies to form the global leader in the industrial explosion protection industry.

Headquartered in the greater Boston area, IEP Technologies provides systems and services that 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.

“We are very excited about IEP Technologies’ growth potential and thrilled to be partnering with its talented management team,” said Eric D. Bommer, a Sentinel partner. “IEP Technologies’ creation came about through a lot of hard work by IEP Technologies’ management, Sentinel’s team, and a large group of dedicated outside advisors to complete a highly complex corporate carve-out, including four separate business units spread across four different countries.” The newly-combined IEP Technologies is well positioned to build collaboratively on the significant collective, global strengths of its existing system design platforms. 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.

IEP Technologies is led by CEO Randy Davis, an industry veteran and the previous General Manager of UTC Climate, Controls & Security’s Fenwal Explosion Protection group. IEP Technologies will also retain the local leadership in each of its existing geographies.

“I believe the formation of IEP Technologies is a significant event in the evolution of the industrial explosion protection industry,” commented Mr. Davis. “For the first time, one company will encompass the product development, application design engineering, and field service capabilities of four market leaders across the globe. This, in turn, will lead to enhanced product innovation and robust service and support for our customers. Our executive team members are shareholders in our business and our goal, with Sentinel’s support, is to further cement IEP Technologies’ position as the global market leader in providing explosion protection solutions for combustible dust and vapor threats.”