Middle-market private equity firm Sentinel Capital Partners has acquired Chromalox Inc., a manufacturer of commercial and industrial electric heating products and solutions. Financial terms of the deal were not disclosed. Chromalox is based in Pittsburgh, and was advised by Harris Williams & Co..
Sentinel Capital Partners, a private equity firm that invests in promising
lower middle market companies, today announced it has acquired Chromalox, Inc., a
leading global branded manufacturer of commercial and industrial electric heating
products and solutions. Terms of the transaction were not disclosed.
Based in Pittsburgh, Pennsylvania, Chromalox is a pioneer in precision heat
technology. Over its 90-year history, Chromalox has produced the world’s broadest line
of electric heat and control products, including heating components, immersion heaters,
circulation systems, heat transfer systems, boilers, industrial and comfort air heating,
heat trace cables, sensors and precision electronic controls. With a library of 700,000
product designs, Chromalox has the broadest product portfolio in the industry. A one-
stop supplier for heating applications, Chromalox serves a diverse base of more than
60,000 registered customers, including distributors, end users, OEMs, catalog houses,
and system integrators.
―Chromalox has established itself as an industry leading brand, recognized for its
legacy of engineering excellence, innovative solutions and product quality across a
diverse set of end markets,‖ said John McCormack, co-founder of and senior partner at
Sentinel. ―Chromalox is well positioned to benefit from continued economic improvement in both the U.S. and abroad. We look forward to assisting Chromalox’s talented management team during the company’s next phase of growth.‖
―For the past 90 years, we have provided our valued customers with mission-
critical products and services,‖ said Scott Dysert, CEO of Chromalox. ―We are in a
strong position to continue to provide superior customer service and maintain our market
Sentinel’s investments in other specialty industrial businesses include: Chase
Doors (made-to-order specialty door systems); Engineered Controls International
(specialized pressure regulators); Alemite (lubrication equipment); Fasloc (roof support
systems for underground mines); LTI (rubber and plastic sealing systems); and Trussbilt
(steel security products for prisons).
About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building lower middle market
companies in the United States and Canada in partnership with management. Sentinel
targets eight industry sectors—aerospace / defense, business services, consumer
products / services, distribution, food / restaurants, franchising, healthcare products /
services, and industrial manufacturing. Sentinel invests in management buyouts,
purchases of family businesses, recapitalizations, corporate divestitures, and going-
private transactions of established businesses with EBITDA between $7 million and $35
million. For more information about Sentinel, visit www.sentinelpartners.com.
About Chromalox, Inc.
For more than 90 years, customers have relied on Chromalox for high quality,
innovative solutions for commercial and industrial heating applications. Chromalox
manufactures the world’s broadest line of electric heat and control products, including
heating components, immersion heaters, circulation systems, heat transfer systems,
boilers, industrial and comfort air heating, heat trace cables, sensors and precision
electronic controls. With multiple manufacturing, engineering, warehousing and sales
locations in North America, Europe and Asia, Chromalox is a leading global supplier
providing the highest level of customer support. Chromalox is headquartered in
Pittsburgh, PA, USA. For more information, visit http://www.chromalox.com/.