Sentinel Capital Partners acquires PlayCore

Leading Provider of Play and Recreation Products Joins Sentinel Portfolio

NEW YORK, May 30, 2014 – Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower middle market, today announced its acquisition of PlayCore, the leading North American designer, manufacturer and marketer of a broad range of playground, park, and recreation products. Terms of the deal were not disclosed.

Headquartered in Chattanooga, Tennessee, PlayCore designs and builds a wide spectrum of commercial playground, park, recreation, performance and 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’s President and CEO, Bob Farnsworth commented, "We are very pleased to partner with Sentinel as we take PlayCore to its next stage of growth. Sentinel has a reputation as a value added partner and we look forward to working with Sentinel at a time when our industry is poised for growth."

"PlayCore is an innovative leader and possesses a strong portfolio of leading brands in the playground and recreation market," said Eric Bommer, a Sentinel partner. "We are very excited to partner with PlayCore’s talented management team and support the continued growth of this great business."

Sentinel has broad experience investing in specialty industrial businesses. Prior investments include: Alemite (industrial lubrication equipment), Chase Doors (specialty doors), Chromalox (precision heating technology), Colson (casters and wheels), Engineered Controls International (pressure regulators, valves), Fasloc (underground mine roof support systems), IEP Technologies (industrial explosion protection), and LTI Boyd (rubber and plastic sealing systems.