NEW YORK, July 25, 2005 – Sentinel Capital Partners, a private equity firm that invests in promising, smaller middle-market companies, announced the promotions of James Coady and Paul Murphy to Partner.
“I am extremely pleased to acknowledge the significant achievements of these two outstanding investment professionals,” said David S. Lobel, founder and Managing Partner of Sentinel. “Our people are the reason for our success and both Jim and Paul have played a significant role in Sentinel’s performance to date. They share our enthusiasm for the future of our firm and we look forward to their continued contributions as we begin investing from our latest Fund.”
Messrs. Coady and Murphy are involved in all aspects of the firm’s transactions, from deal sourcing to exit. In addition, they serve as members of the Boards of Directors of several Sentinel portfolio companies. Their promotion as Partners follows the firm’s recent completion of its $319 million Sentinel Capital Partners III, L.P.
John F. McCormack, co-founder and Senior Partner, said, “Jim and Paul understand the small buyout market very well and both have helped us greatly with our investments during their time with us. These promotions are well deserved and I want to thank them for their commitment to Sentinel and to our investors.”
Among a number of acquisitions and realizations over the past 16 months, Sentinel last month acquired Madill Inc., a leading manufacturer, marketer and distributor of forestry equipment based in Canada. In May, Sentinel acquired Metro Dentalcare, a leading regional dental clinic operator and provider of group dental care in the greater Minneapolis/St. Paul metropolitan area. Also in May, Sentinel sold Falcon Holdings, one of the largest franchisees in the worldwide chain of Church’s Chicken restaurants.
Mr. Coady, formerly a Principal, joined Sentinel in 1998. He currently serves as a Director of Metro Dentalcare, Nivel and NorSun Food Group. He also served as a Director of Cottman Transmission Systems and Falcon Holdings prior to the sale of these businesses. From 1995 to 1998, Mr. Coady was an Associate at First Chicago Equity Capital, and previously spent two years as an Analyst at Alex. Brown & Sons. He holds an MBA from Northwestern University’s J.L. Kellogg Graduate School of Business and a BA from Harvard University where he was a member of Harvard’s NCAA Championship hockey team.
Mr. Murphy joined Sentinel as a Principal in 2000. He currently serves as Chairman of Metro Dentalcare. He also served as a Director of Castle Dental Centers prior to the sale of this business. From 1997 to 2000, Mr. Murphy was a Director at Dilmun Investments, Inc. Prior to working at Dilmun, Mr. Murphy was a Vice President in the Financial Buyers Group at NationsBanc Capital Markets, Inc. Previously, he spent two years as an Associate in the Merchant Banking Group of Chase Manhattan Bank. Mr. Murphy holds an MBA from Georgetown University and a BS from the United States Military Academy at West Point. Mr. Murphy spent five years as an Artillery officer in the US Army where he attained the rank of Captain.