Sentinel Capital Partners has acquired RotoMetrics, a provider of rotary tooling and accessories, from Morgenthaler Private Equity.
RotoMetrics provides made-to-order rotary cutting dies and engineered tooling for web converting and printing applications. These products are used in the production of an array of tags, labels and packaging items used in the consumer goods, healthcare and industrial markets. According to Sentinel, RotoMetrics has the leading market position in its core tag and label market. The company has approximately 5,000 converter and OEM customers and has manufacturing and repair service facilities in nine countries including the United States, Canada, United Kingdom, Denmark, Germany, Australia and Thailand. RotoMetrics is headquartered in the St. Louis suburb of Eureka (www.rotometrics.com).
“We are excited to partner with RotoMetrics, a company with a 57-year history of providing great products and services to a longstanding and loyal customer base,” said Jim Coady, a partner at Sentinel. “Under its current management team, RotoMetrics has undergone a fundamental transformation to a global leader with a strong financial profile, and is superbly positioned for future growth.”
Sentinel Capital Partners invests in middle market companies in the United States and Canada in partnership with management. The firm invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of businesses with EBITDAs up to $50 million. Sentinel targets eight industry sectors: aerospace & defense, business services, consumer, distribution, food & restaurants, franchising, healthcare, and industrials. The firm is headquartered in New York (www.sentinelpartners.com).
Sentinel has experience investing in specialty industrial businesses. Current and prior investments include: Alemite (industrial lubrication equipment); Chase Doors (specialty doors); 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 products); LTI Boyd (rubber and plastic sealing systems); and PlayCore (commercial playground and recreation equipment).
“We are very pleased to have Sentinel as our new partner,” said RotoMetrics CEO Bob Spiller. “Sentinel’s deep experience investing in specialty industrial businesses will support our efforts to expand and strengthen our worldwide market presence.”
Morgenthaler Private Equity, which acquired RotoMetrics in 2008, invests in companies in the lower middle market that have transaction values between $25 million and $150 million and EBITDAs in excess of $5 million. Sectors of interest include high-value manufacturing and proprietary business services. The firm has $3 billion of capital under management and has offices in Cleveland and Boston (www.morgenthaler.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 11-18-14
