Quantcast
The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Irving Place Buys Chromalox

Chromalox manufactures heating components, such as circulation systems and boilers

Private equity firm Irving Place Capital has purchased Chromalox Inc., a company that designs and manufactures electric heating products for an undisclosed price.  

The deal marks an exit for private equity firm Sentinel Capital Partners, which acquired Chromalox in March 2011. The Pittsburgh-based target makes electric heat and control products, such as heating components, immersion heaters, circulation systems and boilers for the energy, industrial and commercial sectors.

Chromalox is also known for its product catalog, called the Big Red Book, which serves as a technical resource for engineers and technicians.

During Sentinel’s ownership, Chromalox opened a manufacturing facility in China and new sales offices in India, Germany and Asia.

In January, New York-based Sentinel announced it acquired Hospice Advantage, a hospice organization. In 2012, the firm made six exits, including Chromalox, and made four investments.

Irving Place, also headquartered in New York, most recently invested in retail line Rag & bone in January. The firm’s portfolio companies include New York & Co., Mold-Rite Plastics and Pet Supplies Plus.

Harris Williams & Co. advised Chromalox on the deal.

 

For more information on related topics, visit the following: