

The firm provides capital in a range of change-in-control transactions including management buyouts, recapitalizations, corporate divestitures, take-private transactions, industry consolidations, and acquisitions of family businesses. The firm focuses on investing in smaller, traditional middle-market businesses in the following industries: aerospace and defense, business and marketing services, consumer products and services, food, restaurants, franchising and niche manufacturing. SPL serves a global customer base of more than 1,700 from 22 strategic locations, and offers end-to-end testing, measurement, and reporting solutions.Sentinel Capital Partners is a private equity investment firm that makes equity investments in a range of private and public companies in the United States and Canada. SPL is a market leader in the testing, inspection, and certification services for the energy and environmental markets. For more information about Sentinel, visit About SPL Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Previous investments include Apex (environmental services specializing in water resources and industrial hygiene), Trinity (air quality consulting and compliance services in the U.S.), Precision Pipeline Solutions (specialty technical services to natural gas and electric utilities), and Engineered Controls International (specialized pressure regulators, valves, and control equipment for liquified and compressed gasses). Sentinel has significant investment experience with business services, including those in the TIC energy and environmental services space.

"Our industry has entered a secular upswing, and we believe Sentinel's proven expertise in helping companies like ours accelerate growth organically and via acquisitions will enable SPL to outperform."

"SPL is well-positioned to benefit from the investments we have made to expand our capabilities and organization," said Jeff Hibbeler, SPL's CEO. SPL sets itself apart through its technical expertise and breadth of integrated services, and by helping set industry standards in partnership with regulatory bodies. SPL is also at the forefront of helping customers maintain proper environmental, social, and governance ("ESG") standards through its water testing labs. SPL assists clients with transactional obligations, regulatory compliance, and energy production monitoring. SPL serves an international customer network, spanning the North American, EMEA, and APAC markets. Besides testing and services, SPL offers unique digital services, including production allocation, flow assurance, and data management. Its service centers house more than 250 highly trained technicians who inspect, install, and maintain field measurement systems for customers. SPL operates 22 lab testing and service centers that analyze hundreds of thousands of samples annually for physical and chemical composition of hydrocarbons, lubricants, and wastewater. SPL, an industry leader in TIC services, serves more than 1,700 customers, including some of the largest global energy companies. NEW YORK, Ap/PRNewswire/ - Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced its acquisition of SPL, a leader in testing, inspection, and certification ("TIC") services for energy and environmental markets. Industry-Leading Testing, Inspection and Certification Company is Newest Platform to Join Business Services Vertical
