Chromalox Switches PE Owners as Secondary Sales Become More Common

PE firms selling companies to each other has become very popular. This week, we saw Sentinel Capital Partners buying Chromalox from CCMP Capital Advisors. Financial terms weren't disclosed but the transaction represents a long-hold for CCMP, which is the former JP Morgan Partners. CCMP acquired Sentinel in 2001 in a deal valued $165 million.

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