New York-based Sentinel Capital Partners has exited Chase Doors, a provider of traffic impact doors and specialty door systems. Terms of the deal were not disclosed.
Sentinel acquired Chase Doors in 2011 for an undisclosed sum.
Chase Doors was founded in 1932 and is the largest producer of double acting traffic impact doors. Audax Group acquired the firm from Sentinel.
Sentinel and Audax declined to comment on the transaction.
Sentinel closed its most recent fund in 2013 on the $1.3 billion hard cap. Sentinel Capital Partners V, will focus on firms in areas such as consumer products, food & restaurants, franchising, manufacturing and service businesses. The fund makes investments of up to $75 million in buyouts and growth equity.
Audax closed its Audax Private Equity Fund IV on its $1.25 billion hard-cap in 2012, according to Private Equity International’s research and analytics division. The fund makes control investments in lower middle market businesses in North America.