Sentinel Capital Partners has acquired Chromalox Inc., a manufacturer of commercial and industrial electric heating products and solutions.
Terms of the transaction were not disclosed.
Based in Pittsburgh, Chromalox is a maker 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. 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."
Sentinel Capital Partners is a private equity firm that 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.