Sentinel Capital Partners exits Chase Doors

Sentinel Capital Partners has sold Chase Industries, a manufacturer of high-quality, made-to-order impact traffic doors and specialty door systems. Terms of the deal were not disclosed.

PRESS RELEASE

Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the sale of Chase Industries, Inc. (“Chase Doors”), the global leader and most recognized manufacturer of high-quality, made-to-order impact traffic doors and specialty door systems. Terms of the deal were not disclosed.
Founded in 1932, Chase Doors is the world’s oldest and largest manufacturer of double-acting impact traffic doors. Chase Doors offers superior design and engineering processes which enhance the functionality, durability and life of its products. Chase Doors also proudly supports the development of green product innovations. Chase Doors’ family of brands includes Chase™, Chem-Pruf™, ColdGuard™, Econo Max™, Eliason™, Fib-R-Dor™, Saino™, and Simon™.
“We are extremely pleased with our investment in Chase Doors,” said Jim Coady, a partner at Sentinel. “Working alongside Chase’s talented management team, we took an already-established market leader to the next level and also positioned it for continued growth.”
Under Sentinel’s ownership, Chase Doors grew its business organically and through strategic acquisitions, allowing it to double revenue and increase EBITDA threefold. Chase Doors’ acquisitions of Chem-Pruf in 2011 and Eliason in 2012 expanded its product offering in corrosion-resistant doors and solidified its leadership position in the impact traffic door market.
Chase Doors’ CEO, Jeffrey Stark, will continue to lead the company and current management will retain an equity stake. “Sentinel was an excellent partner for Chase and its support and long-term perspective have positioned our company for the next phase of growth,” said Mr. Stark.
Houlihan Lokey and Kirkland & Ellis LLP advised Chase Doors in the transaction.
Other Sentinel investments in specialty industrial businesses include Alemite (industrial lubrication equipment); Chromalox (precision heating technology); Colson (casters and wheels); Engineered Controls International (pressure regulators, valves); Fasloc (underground mine roof support systems); IEP Technologies (industrial explosion protection); LTI Boyd (rubber and plastic sealing systems); and PlayCore (commercial playground and recreation equipment).

About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building U.S. and Canadian businesses in the lower end of the middle market 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 $50 million. Sentinel also invests in special situations, including balance sheet restructurings, and operational turnarounds.

About Chase Doors
Chase Doors is the global leader and most recognized manufacturer of high-quality, made-to-order impact traffic doors and specialty door systems. Founded in 1932, Chase Doors offers a broad spectrum of specialty doors systems including a complete line of double-acting swing doors, strip curtains, PVC vinyl rolls, corrosion-resistant doors, fiberglass doors, cold storage door, sliding fire doors, sliding service doors, pharmaceutical doors, bug screen doors, industrial curtains and air doors.