Sentinel Capital Partners acquires Revenew International

Adds Leading Cost Recovery and Containment Platform to Business Services Portfolio

NEW YORK, July 19, 2016 – Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the acquisition of Revenew International ("Revenew"), a leading provider of cost recovery and cost containment services. Terms of the deal were not disclosed.

Headquartered in Houston, Texas, Revenew provides cost recovery and cost containment services that deliver monetary recoveries and cost reduction benefits. Revenew serves a blue-chip customer base, with particular expertise in the energy, utilities, and manufacturing sectors, through two core services lines: contract compliance and supplier payment review. Revenew's comprehensive suite of cost recovery solutions presents unique and highly compelling opportunities for clients to identify incorrect payments and recover overbilled amounts.

"Revenew has built a leading industry position, an impressive client base, and a record of superior financial performance," said Eric Bommer, a partner at Sentinel. "We are excited to partner with Revenew's talented management team and believe that Revenew offers a compelling suite of services to address the growing need for cost recovery solutions."

"Sentinel has a proven record of helping strong middle market companies drive growth," said Kris Westbrook, President of Revenew. "Revenew is the clear leader in the recession-resistant and fragmented cost recovery solutions industry. Our strong value proposition is highly attractive to new clients and also helps expand existing client relationships."

The past 12 months have been highly active for Sentinel. Besides Revenew, Sentinel made five other new investments: The Luminaires Group, a leading North American manufacturer of specification-grade lighting products; Marketplace Events, a business services company that is the largest operator of consumer home and garden shows in North America; Corporate Visions, another business services company that provides marketing and sales enablement solutions; Driven Performance Brands, a manufacturer of high performance automotive aftermarket products for car and truck enthusiasts; and Fazoli's Group, a franchisor and operator of Italian fast casual restaurants. Sentinel also completed five successful exits in the past year: Hospice Advantage, a leading healthcare provider of end-of-life care to patients in their homes; IEP Technologies, an industrials business that is a global leader in industrial explosion protection; Northeast Dental Management, a leading regional dental care company; Spinrite, North America's leading supplier of consumer yarn products for knitting enthusiasts; and Vintage Parts, a leader in supply chain and logistics services for slow-moving and inactive OEM parts.