Sentinel acquires Chase Doors in management buyout

Leverages Sentinel's Expertise in Specialty Manufacturing

NEW YORK, December 30, 2010 - Sentinel Capital Partners, a private equity firm that invests in promising lower middle market companies, today announced it has acquired Chase Industries, Inc. ("Chase Doors"), the global leader and most recognized manufacturer of high-quality, made-to-order specialty door systems. Terms of the transaction were not disclosed.

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.

"Through the dedication and expertise of its exceptional management team, Chase Doors has earned a reputation for high quality products that are reliable and offer excellent value," said James D. Coady, a partner at Sentinel. "We look forward to supporting the Chase team's growth plans."

"We are very proud of our solid track record and strong performance," said Bob Muir, President & CEO of Chase Doors. "Sentinel brings us considerable strategic and financial guidance that positions our team to enhance Chase's current market position while continuing to grow. Entering 2011 with Sentinel as our partner is ideal."

"One of Sentinel's areas of focus is branded, niche manufacturing businesses," said Scott Perry, a vice president at Sentinel. "Our previous investments in the niche manufacturing sector have given us a keen understanding of how to foster growth for businesses like Chase. This, combined with management's deep industry experience, puts Chase Doors in a position to become an even stronger business."

Sentinel's investments in other specialty niche manufacturing businesses include: Engineered Controls International (provider of specialized pressure regulators), Alemite (industrial lubrication equipment), Fasloc (specialized roof support systems used in underground mines), LTI (rubber and plastic sealing systems), Nivel (aftermarket golf car replacement parts and accessories), Spinrite (craft yarn products); Strategic Partners (medical uniforms); and Trussbilt (specialty steel security products for the corrections market).