Sentinel Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Sentinel Capital Partners has acquired 14 companies. It has also invested in 2 others.

Sentinel Capital Partners’ most common sectors for investment arerestaurants (12%) and healthcare services (12%) . The Firm’s most common investment types include secondary buyout (37%) and buyout (lbo, mbo, mbi) (31%). In total, Sentinel Capital Partners has invested in 28 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2024 when it acquired Carrier - Industrial Fire Business for $1.4B.

In the last 3 years, Sentinel Capital Partners has exited 12 companies. The Firm’s most common exit type is secondary buyout (41%). Sentinel Capital Partners’ largest (disclosed) exit occurred in 2023 when it sold ECM Industries for $1.1B.

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M&A Summary

M&A Total Activity163
- M&A Buy Activity95
- M&A Sell Activity68
Total Sectors Invested 33
Total Countries Invested 4
M&A Buy/Sell Connections 47
M&A Advisors 8

Sentinel Capital Partners

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	65
Investment Size	-	175
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

175

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (3.6/yr)	#	77	2	6	6	2	2	95
vol	$1.6B					$1.4B	$3.0B
Sell (3.2/yr)	#	53	4	6	4	2	-	69
vol	$1.2B		$830M		$1.1B		$3.1B
	164

Year

≤ '19

'20

'21

'22

'23

'24

Buy (3.6/yr)

vol

$1.6B

$1.4B

$3.0B

Sell (3.2/yr)

vol

$1.2B

$830M

$1.1B

$3.1B

164

Company	Date	Value	Type
Carrier - Industrial Fire Business	2024-03-05	1.4B USD	Divestiture
Palm Beach Gardens, Florida
Market Performance Group LLC	2024-01-16	-	Buyout (LBO, MBO, MBI)
Princeton Junction, New Jersey · www.marketperformancegroup.com
High Bar Brands LLC	2023-12-20	-	Secondary Buyout
Owatonna, Minnesota · www.highbarbrands.com
Online Labels LLC	2023-12-19	-	Recapitalization
Sanford, Florida · www.onlinelabels.com
ECM Industries LLC	2023-04-03	1.1B USD	Trade Sale
New Berlin, Wisconsin · www.ecmindustries.com
Apex Companies LLC	2023-02-01	-	Secondary Sale
Rockville, Maryland · www.apexcos.com
L2 Brands, Inc.	2022-11-16	-	Secondary Buyout
Hanover, Pennsylvania · www.league-legacy.com
Nekoosa, Inc.	2022-11-02	-	Trade Sale
Nekoosa, Wisconsin · www.nekoosacoated.com
XpressMyself.com LLC	2022-09-08	-	Buyout (LBO, MBO, MBI)
Brooklyn, New York · www.smartsign.com
Bandon Holdings LLC	2022-07-28	-	Secondary Buyout
Austin, Texas
View All >>

Company

Date

Value

Type

Carrier - Industrial Fire Business

2024-03-05

1.4B USD

Divestiture

Palm Beach Gardens, Florida

Market Performance Group LLC

2024-01-16

Buyout (LBO, MBO, MBI)

Princeton Junction, New Jersey · www.marketperformancegroup.com

High Bar Brands LLC

2023-12-20

Secondary Buyout

Owatonna, Minnesota · www.highbarbrands.com

Online Labels LLC

2023-12-19

Recapitalization

Sanford, Florida · www.onlinelabels.com

ECM Industries LLC

2023-04-03

1.1B USD

Trade Sale

New Berlin, Wisconsin · www.ecmindustries.com

Apex Companies LLC

2023-02-01

Secondary Sale

Rockville, Maryland · www.apexcos.com

L2 Brands, Inc.

2022-11-16

Secondary Buyout

Hanover, Pennsylvania · www.league-legacy.com

Nekoosa, Inc.

2022-11-02

Trade Sale

Nekoosa, Wisconsin · www.nekoosacoated.com

XpressMyself.com LLC

2022-09-08

Buyout (LBO, MBO, MBI)

Brooklyn, New York · www.smartsign.com

Bandon Holdings LLC

2022-07-28

Secondary Buyout

Austin, Texas

View All >>

Company	Acquired	Add-On/Sale	Date	#
TTG Imaging Solutions LLC	2021-12-27	Digirad Health, Inc.	2023-05-05	3
Pittsburgh, Pennsylvania · www.ttgimagingsolutions.com	Suwanee, Georgia · www.digirad.com
L2 Brands, Inc.	2022-11-16	Ouray Sportswear LLC	2023-01-03	1
Hanover, Pennsylvania · www.league-legacy.com	Englewood, Colorado · www.ouraysportswear.com
TriMech Solutions LLC	2022-03-14	Solid Solutions Management Ltd.	2022-06-27	1
Glen Allen, Virginia · www.trimech.com	Warwickshire, United Kingdom · www.solidsolutions.co.uk
New Era Technology, Inc.	2019-09-25	Comstar Technologies LLC	2022-04-08	4
New York, New York · www.neweratech.com	West Chester, Pennsylvania · www.comstar-usa.com
New Era Technology, Inc.	2019-09-25	FlexManage	2020-02-14	3
New York, New York · www.neweratech.com	Chicago, Illinois · www.flexmanage.com
New Era Technology, Inc.	2019-09-25	Cameo Solutions	2019-10-29	2
New York, New York · www.neweratech.com	Cincinnati, Ohio

Company

Acquired

Add-On/Sale

Date

TTG Imaging Solutions LLC

2021-12-27

Digirad Health, Inc.

2023-05-05

Pittsburgh, Pennsylvania · www.ttgimagingsolutions.com

Suwanee, Georgia · www.digirad.com

L2 Brands, Inc.

2022-11-16

Ouray Sportswear LLC

2023-01-03

Hanover, Pennsylvania · www.league-legacy.com

Englewood, Colorado · www.ouraysportswear.com

TriMech Solutions LLC

2022-03-14

Solid Solutions Management Ltd.

2022-06-27

Glen Allen, Virginia · www.trimech.com

Warwickshire, United Kingdom · www.solidsolutions.co.uk

New Era Technology, Inc.

2019-09-25

Comstar Technologies LLC

2022-04-08

New York, New York · www.neweratech.com

West Chester, Pennsylvania · www.comstar-usa.com

New Era Technology, Inc.

2019-09-25

FlexManage

2020-02-14

New York, New York · www.neweratech.com

Chicago, Illinois · www.flexmanage.com

New Era Technology, Inc.

2019-09-25

Cameo Solutions

2019-10-29

New York, New York · www.neweratech.com

Cincinnati, Ohio

Sector	Current #	Value	All-time #	Value
Restaurants	3 (12%)	-	11 (12%)	809M (27%)
Healthcare Services	2 (8%)	-	11 (12%)	113M (4%)
Business Services	4 (15%)	1.4B (100%)	6 (6%)	1.4B (47%)
Consumer Products	-	-	6 (6%)	93M (3%)
Retail	1 (4%)	-	6 (6%)	25M (1%)
Electrical Equipment	1 (4%)	-	5 (5%)	258M (9%)
Machinery	-	-	4 (4%)	100M (3%)
Automotive	1 (4%)	-	4 (4%)	27M (1%)
Manufacturing	-	-	4 (4%)	-
Food	-	-	3 (3%)	78M (3%)
Franchising	1 (4%)	-	3 (3%)	50M (2%)
Apparel/Textiles	2 (8%)	-	3 (3%)	-
Consumer Services	1 (4%)	-	3 (3%)	-
Distribution	1 (4%)	-	3 (3%)	-
Medical Products	1 (4%)	-	3 (3%)	-
Packaging	1 (4%)	-	2 (2%)	-
Software	1 (4%)	-	2 (2%)	-
Agriculture	-	-	1 (1%)	33M (1%)
Building Materials	-	-	1 (1%)	-
Communications	1 (4%)	-	1 (1%)	-
Construction	-	-	1 (1%)	-
Defense	-	-	1 (1%)	-
Energy Services and Equipment	-	-	1 (1%)	-
Engineering	1 (4%)	-	1 (1%)	-
Environmental	-	-	1 (1%)	-
Financial Services	-	-	1 (1%)	-
Information Technology	1 (4%)	-	1 (1%)	-
Internet Software and Services	1 (4%)	-	1 (1%)	-
Marketing	-	-	1 (1%)	-
Publishing	-	-	1 (1%)	-
Safety/Security	-	-	1 (1%)	-
Technology Hardware	1 (4%)	-	1 (1%)	-
Transportation	1 (4%)	-	1 (1%)	-
Total	26	$1.4B	95	$3.0B

Sector

Current #

Value

All-time #

Value

Restaurants

3 (12%)

11 (12%)

809M (27%)

Healthcare Services

2 (8%)

11 (12%)

113M (4%)

Business Services

4 (15%)

1.4B (100%)

6 (6%)

1.4B (47%)

Consumer Products

6 (6%)

93M (3%)

Retail

1 (4%)

6 (6%)

25M (1%)

Electrical Equipment

1 (4%)

5 (5%)

258M (9%)

Machinery

4 (4%)

100M (3%)

Automotive

1 (4%)

4 (4%)

27M (1%)

Manufacturing

4 (4%)

Food

3 (3%)

78M (3%)

Franchising

1 (4%)

3 (3%)

50M (2%)

Apparel/Textiles

2 (8%)

3 (3%)

Consumer Services

1 (4%)

3 (3%)

Distribution

1 (4%)

3 (3%)

Medical Products

1 (4%)

3 (3%)

Packaging

1 (4%)

2 (2%)

Software

1 (4%)

2 (2%)

Agriculture

1 (1%)

33M (1%)

Building Materials

1 (1%)

Communications

1 (4%)

1 (1%)

Construction

1 (1%)

Defense

1 (1%)

Energy Services and Equipment

1 (1%)

Engineering

1 (4%)

1 (1%)

Environmental

1 (1%)

Financial Services

1 (1%)

Information Technology

1 (4%)

1 (1%)

Internet Software and Services

1 (4%)

1 (1%)

Marketing

1 (1%)

Publishing

1 (1%)

Safety/Security

1 (1%)

Technology Hardware

1 (4%)

1 (1%)

Transportation

1 (4%)

1 (1%)

Total

$1.4B

$3.0B

State/Country	Current #	Value	All-time #	Value
United States	25 (96%)	1.4B (100%)	88 (93%)	2.7B (91%)
	Florida	3 (12%)	1.4B (100%)	11 (12%)	1.5B (48%)
	Texas	5 (19%)	-	10 (11%)	101M (3%)
	California	2 (8%)	-	7 (7%)	-
	Minnesota	1 (4%)	-	5 (5%)	665M (22%)
	Missouri	1 (4%)	-	5 (5%)	86M (3%)
	Wisconsin	-	-	5 (5%)	291M (10%)
	New York	3 (12%)	-	4 (4%)	-
	Pennsylvania	2 (8%)	-	4 (4%)	50M (2%)
	Georgia	1 (4%)	-	4 (4%)	35M (1%)
	New Jersey	2 (8%)	-	3 (3%)	-
	Tennessee	1 (4%)	-	3 (3%)	-
	South Carolina	1 (4%)	-	3 (3%)	-
	Illinois	-	-	3 (3%)	25M (1%)
	Ohio	-	-	3 (3%)	-
	Michigan	-	-	2 (2%)	-
	Maryland	-	-	2 (2%)	-
	Kentucky	-	-	2 (2%)	-
	Arizona	-	-	2 (2%)	-
	Virginia	1 (4%)	-	1 (1%)	-
	Mississippi	1 (4%)	-	1 (1%)	-
	Indiana	1 (4%)	-	1 (1%)	-
	Idaho	-	-	1 (1%)	43M (1%)
	Wyoming	-	-	1 (1%)	-
	West Virginia	-	-	1 (1%)	-
	Oklahoma	-	-	1 (1%)	-
	North Carolina	-	-	1 (1%)	-
	Nevada	-	-	1 (1%)	-
	Massachusetts	-	-	1 (1%)	-
Canada	-	-	5 (5%)	154M (5%)
	Ontario	-	-	3 (3%)	93M (3%)
	British Columbia	-	-	1 (1%)	61M (2%)
	Quebec	-	-	1 (1%)	-
Czech Republic	1 (4%)	-	1 (1%)	-
Guatemala	-	-	1 (1%)	109M (4%)
Domestic	25 (96%)	1.4B (100%)	88 (93%)	2.7B (91%)
Cross-border	1 (4%)	-	7 (7%)	263M (9%)
Total	26	$1.4B	95	$3.0B

State/Country

Current #

Value

All-time #

Value

United States

25 (96%)

1.4B (100%)

88 (93%)

2.7B (91%)

Florida

3 (12%)

1.4B (100%)

11 (12%)

1.5B (48%)

Texas

5 (19%)

10 (11%)

101M (3%)

California

2 (8%)

7 (7%)

Minnesota

1 (4%)

5 (5%)

665M (22%)

Missouri

1 (4%)

5 (5%)

86M (3%)

Wisconsin

5 (5%)

291M (10%)

New York

3 (12%)

4 (4%)

Pennsylvania

2 (8%)

4 (4%)

50M (2%)

Georgia

1 (4%)

4 (4%)

35M (1%)

New Jersey

2 (8%)

3 (3%)

Tennessee

1 (4%)

3 (3%)

South Carolina

1 (4%)

3 (3%)

Illinois

3 (3%)

25M (1%)

Ohio

3 (3%)

Michigan

2 (2%)

Maryland

2 (2%)

Kentucky

2 (2%)

Arizona

2 (2%)

Virginia

1 (4%)

1 (1%)

Mississippi

1 (4%)

1 (1%)

Indiana

1 (4%)

1 (1%)

Idaho

1 (1%)

43M (1%)

Wyoming

1 (1%)

West Virginia

1 (1%)

Oklahoma

1 (1%)

North Carolina

1 (1%)

Nevada

1 (1%)

Massachusetts

1 (1%)

Canada

5 (5%)

154M (5%)

Ontario

3 (3%)

93M (3%)

British Columbia

1 (1%)

61M (2%)

Quebec

1 (1%)

Czech Republic

1 (4%)

1 (1%)

Guatemala

1 (1%)

109M (4%)

Domestic

25 (96%)

1.4B (100%)

88 (93%)

2.7B (91%)

Cross-border

1 (4%)

7 (7%)

263M (9%)

Total

$1.4B

$3.0B

Type	Current #	Value	All-time #	Value
Secondary Buyout	12 (46%)	-	35 (37%)	61M (2%)
Buyout (LBO, MBO, MBI)	7 (27%)	-	29 (31%)	852M (29%)
Recapitalization	3 (12%)	-	17 (18%)	247M (8%)
Growth Capital	2 (8%)	-	6 (6%)	-
Divestiture	1 (4%)	1.4B (100%)	5 (5%)	1.7B (58%)
Stake Purchase	1 (4%)	-	2 (2%)	-
Going Private	-	-	1 (1%)	93M (3%)
Total	26	$1.4B	95	$3.0B

Type

Current #

Value

All-time #

Value

Secondary Buyout

12 (46%)

35 (37%)

61M (2%)

Buyout (LBO, MBO, MBI)

7 (27%)

29 (31%)

852M (29%)

Recapitalization

3 (12%)

17 (18%)

247M (8%)

Growth Capital

2 (8%)

6 (6%)

Divestiture

1 (4%)

1.4B (100%)

5 (5%)

1.7B (58%)

Stake Purchase

1 (4%)

2 (2%)

Going Private

1 (1%)

93M (3%)

Total

$1.4B

$3.0B

Type	Total #	Value
Secondary Sale	28 (41%)	602M (19%)
Trade Sale	13 (19%)	56M (2%)
Trade Sale - Public Company	10 (14%)	2.1B (66%)
Merger	4 (6%)	-
Bankruptcy	3 (4%)	-
Sold to Management	3 (4%)	-
Unknown	3 (4%)	-
Divestiture	1 (1%)	390M (13%)
IPO	1 (1%)	-
Recapitalization	1 (1%)	-
Shut Down	1 (1%)	-
SPAC	1 (1%)	-
Total	69	$3.1B

Type

Total #

Value

Secondary Sale

28 (41%)

602M (19%)

Trade Sale

13 (19%)

56M (2%)

Trade Sale - Public Company

10 (14%)

2.1B (66%)

Merger

4 (6%)

Bankruptcy

3 (4%)

Sold to Management

3 (4%)

Unknown

3 (4%)

Divestiture

1 (1%)

390M (13%)

IPO

1 (1%)

Recapitalization

1 (1%)

Shut Down

1 (1%)

SPAC

1 (1%)

Total

$3.1B

Financial	Deals
Houlihan Lokey	1
J.P. Morgan Securities	1
Robert W. Baird & Co., Inc.	1

Financial

Deals

Houlihan Lokey

J.P. Morgan Securities

Robert W. Baird & Co., Inc.

Legal	Deals
Winthrop & Weinstine PA	1

Legal

Deals

Winthrop & Weinstine PA

buy	#	Total
> $1B	1	$1.4B
$100M to $1B	3	$1.0B
< $100M	12	$553M
TOTAL	$3.0B
Largest	Carrier - Industrial Fire Business $1.4B (2024-03-05)

buy

Total

> $1B

$1.4B

$100M to $1B

$1.0B

< $100M

$553M

TOTAL

$3.0B

Largest

Carrier - Industrial Fire Business
$1.4B (2024-03-05)

sell	#	Total
> $1B	1	$1.1B
$100M to $1B	4	$1.7B
< $100M	4	$263M
TOTAL	$3.1B
Largest	ECM Industries LLC $1.1B (2023-04-03)

sell

Total

> $1B

$1.1B

$100M to $1B

$1.7B

< $100M

$263M

TOTAL

$3.1B

Largest

ECM Industries LLC
$1.1B (2023-04-03)

		Deals
Acquired from
Investor(s)	38%	36 (38%)
Strategic(s)	5%	5 (5%)
Exited to
Investor(s)	43%	30 (43%)
Strategic(s)	32%	22 (32%)

Deals

Acquired from

Investor(s)

36 (38%)

Strategic(s)

5 (5%)

Exited to

Investor(s)

30 (43%)

Strategic(s)

22 (32%)

FAQ

When was Sentinel Capital Partners founded?

Sentinel Capital Partners was founded in 1995.

What type of investor is Sentinel Capital Partners?

Sentinel Capital Partners is a private equity firm.

Where is Sentinel Capital Partners headquartered?

Sentinel Capital Partners is headquartered in New York, New York.

How much capital does Sentinel Capital Partners have under management?

Sentinel Capital Partners has 6.0B USD under management.

Sentinel Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary