Sentinel Capital Partners has acquired Engineered Controls International LLC, an Elon, N.C.-based provider of pressure regulators, valves and other control equipment for use with liquefied and compressed gases. No financial terms were disclosed.
Sentinel Capital Partners, a private equity firm that invests in promising middle-market companies, today announced it has acquired Engineered Controls International, LLC (“ECI”), the global leader and most recognized provider of specialized pressure regulators, valves and other control equipment for use with liquefied and compressed gases, in partnership with ECI’s senior management team. Financial terms of the transaction were not disclosed.
Since its founding in 1908, ECI has grown to serve a diversified international customer base of over 550 propane and cryogenic gas distributors and the leading global storage tank OEMs in over 100 countries, providing mission critical products for applications where safety, durability and performance are primary concerns. 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 within the liquefied propane gas and cryogenic gas markets.
“ECI has an exceptional management team and a reputation for quality, safety and customer service,” said Eric Bommer, a Partner at Sentinel. “With a broad set of innovative products and a global customer base, ECI is positioned to build on its core strengths and become an even stronger enterprise.”
“We are very proud of everything achieved in the past 100 years, but we believe the best is yet to come,” said Gary Boone, CEO of ECI. “Our partnership with Sentinel puts us in a position to continue to grow globally while delivering the highest quality products to our customers.”
“Our successful prior investments in branded niche manufacturing businesses, such as Alemite, Fasloc, and Nivel, have provided us with insights into ECI’s business model and value proposition,” said Scott Perry, a Vice President at Sentinel. “Most importantly, we have built up a strong rapport with ECI’s highly experienced management team and are excited to support them through the company’s next phase of growth.”
Sentinel’s investments in other specialty niche manufacturing businesses include: Alemite (industrial lubrication equipment), Fasloc (specialized resin cartridges 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 (steel 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 consumer products, food and restaurants, franchising, manufacturing, distribution, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of between $5 million and $35 million. For more information about Sentinel, visit www.sentinelpartners.com.
About Engineered Controls International, LLC
Engineered Controls International, LLC, based in Elon, NC, 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 global customer base of over 550 propane and cryogenic gas distributors and the leading storage tank OEMs. ECI’s premium, branded products are recognized as having the highest in 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 http://www.regoproducts.com/.