Sentinel Capital Partners exits Engineered Controls International

Sentinel Capital Partners said Wednesday that it has sold Engineered Controls International to Windjammer Capital Investors. No financial terms were disclosed. Based in Elon, NC, ECI is a provider of specialized pressure regulators, valves and other control equipment used in the transportation, delivery, and storage of propane, liquefied natural gas, and other cryogenic gases.

PRESS RELEASE

NEW YORK, December 4, 2013 – Sentinel Capital Partners, L.L.C., a private equity firm that invests in promising, lower middle market companies, today announced the sale of Engineered Controls International, LLC (“ECI”), the global leader and most-recognized provider of specialized pressure regulators, valves and other control equipment used in the transportation, delivery, and storage of propane, liquefied natural gas, and other cryogenic gases. The buyer was private equity firm Windjammer Capital Investors. The terms of the transaction were not disclosed.
Based in Elon, North Carolina, ECI is the leader across all of its product lines in the Americas, Europe, and Asia. Its brands, which include RegO® and Goddard®, are highly trusted and respected by its customers. Since its founding in 1908, ECI has grown significantly and serves a diversified international base of more than 550 customers, including propane and cryogenic gas distributors and leading global storage tank OEMs located in more than 100 countries. ECI provides mission critical products for applications where safety, durability, and performance are primary concerns.
“It has been a privilege working alongside ECI’s exceptional management team,” said Eric D. Bommer, a partner at Sentinel. “Since we made our investment, ECI has built upon its core strengths by expanding its product offering while continuing to deliver mission critical products to its customers. We are proud to have been associated with such an outstanding business and are confident that ECI will continue to excel under the leadership of its existing management team.”
“We are very excited about what we have achieved in partnership with Sentinel,” said Thomas Farrell, ECI’s CEO. “ECI is strategically well-positioned to maintain its global leadership position and remains dedicated to providing the highest quality products and services to its customers.”
Sentinel’s investments in other specialty industrial businesses include Alemite (industrial lubrication equipment), Chase Doors (specialty doors), Chromalox (precision heating technology), Colson (casters and wheels), Fasloc (specialized resin cartridges used in underground mine roof support), IEP Technologies (industrial explosion protection), LTI Boyd (rubber and plastic sealing systems), Nivel (aftermarket golf car replacement parts and accessories), and Trussbilt (specialty corrections industry security products).
About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building middle market companies in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $40 million. Sentinel also invests in special situations, including balance sheet restructurings, and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.
About Engineered Controls International, LLC
Engineered Controls International, LLC, based in Elon, North Carolina, is a manufacturer of 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. For more information, visit www.regoproducts.com.

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