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// Workers AI · dad joke modeWhat did Sentinel Capital Partners say to the investment? "You're under watch.

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From Wikipedia, the free encyclopedia
Sentinel Capital Partners
TypePrivate
IndustryPrivate Equity
Founded1995; 31 years ago (1995)
HeadquartersOne Vanderbilt, New York, New York, United States[1]
Key peopleDavid S. Lobel (Managing Partner)
Eric Bommer (Managing Partner)
John F. McCormack (Senior Partner)[2]
ProductsPrivate equity, Management Buyouts, Corporate Divestitures, Leveraged Buyouts, Growth Capital, Junior Capital
Total assets$11.2 billion (capital raised since inception)[3]
Number of employees
68[4]
Websitesentinelpartners.com

Sentinel Capital Partners, L.L.C. is an American private-equity firm focusing on mid-market companies in the United States and Canada.[5] The company is headquartered at One Vanderbilt Avenue in New York City and was founded in 1995 by David Lobel and John McCormack, who previously worked together at Smith Barney's private equity affiliate, First Century Partners.[6] Since its founding, Sentinel has raised more than $11.2 billion of capital.[7]

Operations

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Sentinel makes majority-ownership investments through its equity funds and takes minority stakes through its capital solutions funds.[8] The firm invests in management buyouts, corporate divestitures, acquisitions of family businesses, going-private transactions, and special situations.[9]

Sentinel targets companies with enterprise values between $25 million and $250 million, and EBITDA between $5 million and $65 million.[10] The firm has focused its investments on companies operating in the aerospace and defense, business services, consumer, food and restaurant, healthcare services, and industrial sectors.[11]

Investment funds

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Sentinel invests through a series of private limited partnerships and its investors include a variety of pension funds, endowments, and other institutional investors. Since Sentinel's establishment in 1995, it has raised seven private equity funds and two junior capital funds.

Investors in Sentinel Funds include college and university endowments, foundations, state and government retirement systems, corporate pension plans, insurance companies, sovereign wealth funds, investment advisors, and family offices located in the United States, Europe, China, Japan, Australia, and the Middle East.[12]

FundVintage
Year		Committed
Capital ($m)
Sentinel Capital Partners VII2022$4,350[13]
Sentinel Junior Capital II2022$835[14]
Sentinel Capital Partners VI2018$2,150[15]
Sentinel Junior Capital I2018$460[16]
Sentinel Capital Partners V2013$1,300[17]
Sentinel Capital Partners IV2008$765[18]
Sentinel Capital Partners III2005$319[19]
Sentinel Capital Partners II1998$126[20]
Sentinel Capital Partners I1996$50

Leadership

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In March 2025, Sentinel announced a leadership succession plan under which Eric Bommer, who joined Sentinel as its first professional hire in 1997, was elevated to serve alongside David S. Lobel as co-managing partner, positioning him as Lobel's eventual successor.[21] John F. McCormack continues as senior partner.[22]

Controversy

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Buffet Holdings Settlement

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In 2010, the creditors of Buffets Holding sued Sentinel and its investment partner Caxton-Iseman Capital for "bilk[ing] Buffets of hundreds of millions of dollars" that led to its insolvency.[23] Sentinel and CI Capital settled the lawsuit for more than $23 million.[24]

TGI Fridays

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Sentinel and Triartisan Capital Partners acquired TGI Fridays in 2014 from Carlson a month after the company facing a nationwide collective action wage theft lawsuit. The company tried to prevent certification of an FLSA collective by settling with individual workers that alleged unpaid wages up to $91 million.[25] Eventually TGI Fridays settled in 2017 for over $19 million to over 28,000 workers, the largest wage and hour payout at the time.[26][27] In 2018, TGI Fridays was also found to have failed to pay £59,348 to its U.K. staff.[28][29]

In 2019, TGI Friday was sued in a proposed class-action lawsuit for selling potato skin chips that don't contain potato skins.[30]

In April 2020, Sentinel's deal to take TGI Friday's public was called off due to "extraordinary market conditions" due to the coronavirus outbreak.[31][32]

Past Investments

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The firm has previously invested in franchise holders of some of the world's largest fast food chains such as Checkers and Rally's, Church's Chicken, Pizza Hut and Taco Bell.[33][34]

Other past holdings include:

CompanySectorAcquiredSold/ExitedNotes
Captain D'sFood/Restaurant20172022Quick-service seafood chain[35]
Fazoli's GroupFood/Restaurant20152021Sold to FAT Brands for $130 million[36]
Pet Supplies PlusConsumer20182020Sold to Franchise Group for $700 million[37]
MB2 DentalHealthcare20192021Sold to Charlesbank Capital Partners[38]
Colson GroupIndustrials20122021Sold to Blue Wolf Capital[39]
SONNY'sIndustrials20162020Car wash systems; sold to Genstar[40]
New Era TechnologyBusiness Services20192025IT solutions provider[41]
Corporate VisionsBusiness Services20162021Sales and marketing enablement[42]
Apex CompaniesBusiness Services20182023Environmental services; sold to Morgan Stanley Capital Partners[43]
ECM IndustriesIndustrials20192023Sold to nVent Electric for $1.1 billion[44]
NekoosaIndustrials20172022Specialty paper and film products[45]
New You Bariatric GroupHealthcare20192025Bariatric surgery practice management[46]
GSM OutdoorsConsumer20182020Hunting and outdoor accessories[47]
Altima DentalHealthcare20162022Merged with 123Dentist[48]
Critical Solutions InternationalAerospace/Defense20112020Merged with AirBoss of America to create AirBoss Defense Group[49]
Driven Performance BrandsConsumer20152018Merged into Holley Performance Products[50]
Hollander Sleep ProductsConsumer20102014Bedding products[51]
PlaycoreConsumer20142018Playground equipment[52]
Quick Weight Loss CentersHealthcare20162020Weight management services[53]
Marketplace EventsBusiness Services20162019Consumer show production[54]
RevenewBusiness Services20162019Marketing services platform[55]
RotoMetricsIndustrials20152020Rotary cutting tools[56]
WellSpring PharmaceuticalHealthcare20112015Specialty pharmaceutical company[57]

Current Investments

[edit]

Aerospace / Defense

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Business Services

[edit]
  • Ubeo Business Services[61]
  • New Era Technology (minority stake retained after 2025 exit)[62]

Consumer

[edit]

Healthcare

[edit]
  • Midwest Eye Consultants[67]
  • 123Dentist[68]

Industrials

[edit]

References

[edit]
  1. ↑ "Connect - Sentinel Capital Partners". Sentinel Capital Partners. Retrieved 2025-08-28.
  2. ↑ "Sentinel Capital Partners Announces Leadership Succession Plan". PR Newswire. 2025-03-10. Retrieved 2025-08-28.
  3. ↑ "About - Sentinel Capital Partners". Retrieved 2025-08-28.
  4. ↑ "About - Sentinel Capital Partners". Retrieved 2025-08-28.
  5. ↑ "Investment Strategies". Retrieved 2025-08-28.
  6. ↑ "Former Smith Barney executives launch private equity firm Sentinel Capital Partners". Sentinel Capital Partners. Retrieved 2025-08-28.
  7. ↑ "Sentinel Capital Partners to Sell NSI Industries". Yahoo Finance. 2026-05-06. Retrieved 2025-08-28.
  8. ↑ "Sentinel Capital Partners - Lower Midmarket Private Equity". Retrieved 2025-08-28.
  9. ↑ "Investment Strategies". Retrieved 2025-08-28.
  10. ↑ "Sentinel closes $2.15 billion sixth private equity fund and $460 million inaugural junior capital fund". Sentinel Capital Partners. 2018-01-25. Retrieved 2025-08-28.
  11. ↑ "About - Sentinel Capital Partners". Retrieved 2025-08-28.
  12. ↑ "Sentinel Capital Partners Closes Two Private Equity Funds, at $2.6 Billion". FinSMEs. 2018-01-26. Retrieved 2025-08-28.
  13. ↑ "Sentinel Capital Partners Closes $5.2 Billion of Capital Across Seventh Private Equity Fund and Second Structured Capital Fund". PR Newswire. 2022-12-07. Retrieved 2025-08-28.
  14. ↑ "Sentinel Capital Partners Closes $5.2 Billion of Capital Across Seventh Private Equity Fund and Second Structured Capital Fund". PR Newswire. 2022-12-07. Retrieved 2025-08-28.
  15. ↑ "Sentinel Capital Partners Closes $2.15 billion Sixth Private Equity Fund and $460 million Inaugural Junior Capital Fund". PR Newswire. 2018-01-25. Retrieved 2025-08-28.
  16. ↑ "Sentinel Capital Partners Closes $2.15 billion Sixth Private Equity Fund and $460 million Inaugural Junior Capital Fund". PR Newswire. 2018-01-25. Retrieved 2025-08-28.
  17. ↑ Jacobius, Arleen. "Sentinel Capital closes 5th fund with $1.3 billion". Pensions and Investments. Retrieved 2025-08-28.
  18. ↑ "Sentinel Closes Fifth Fund at $1.3 billion". PitchBook.
  19. ↑ Ziobro, Paul. "Sentinel Sells Golf Cart Accessories Company to Audax". MarketWatch. Retrieved 2025-08-28.
  20. ↑ Ziobro, Paul. "Sentinel Sells Golf Cart Accessories Company to Audax". MarketWatch. Retrieved 2025-08-28.
  21. ↑ "Sentinel Capital Partners Announces Leadership Succession Plan". PR Newswire. 2025-03-10. Retrieved 2025-08-28.
  22. ↑ "Sentinel Capital Partners announces leadership succession plan". Sentinel Capital Partners. 2025-03-10. Retrieved 2025-08-28.
  23. ↑ "Buffets Holdings' former owners sued by court-appointed trustee". Reuters. 2010-04-12. Retrieved 2025-08-28.
  24. ↑ Appelbaum, Eileen; Batt, Rosemary (2014-03-31). Private Equity at Work: When Wall Street Manages Main Street. Russell Sage Foundation. p. 69. ISBN 978-1-61044-818-5.
  25. ↑ Calder, Rich (2015-01-05). "TGI Friday's paying off employees to stop suit: lawyer". New York Post. Retrieved 2025-08-28.
  26. ↑ Fickenscher, Lisa (2017-09-21). "TGI Friday's agrees to settle wage suit for more than $19M". New York Post. Retrieved 2025-08-28.
  27. ↑ "TGI Friday's Gets Initial OK On Revised $19.1M Wage Deal - Law360". www.law360.com. Retrieved 2025-08-28.
  28. ↑ Munbodh, Emma; Sembhy, Ravender (2018-03-09). "Named and shamed: The 179 companies fined for paying less than minimum wage". mirror. Retrieved 2025-08-28.
  29. ↑ Cole, Matt (2018-05-18). "Why a Strike at TGI Friday's Is a Big Deal for Britain's Pissed Off Hospitality Workers". Vice. Retrieved 2025-08-28.
  30. ↑ "Lawsuit says TGI Fridays potato skins contain no potato skins". Sports Radio KWSN. Retrieved 2025-08-28.
  31. ↑ "TGI Fridays will no longer go public in wake of coronavirus". Restaurant Dive. Retrieved 2025-08-28.
  32. ↑ "SPAC scraps $380M TGI Friday's deal | PitchBook". pitchbook.com. Retrieved 2025-08-28.
  33. ↑ Visconti, Alesia (2017-12-18). "Sentinel Capital Partners Acquires Captain D's". Franchise Dictionary Magazine. Retrieved 2025-08-28.
  34. ↑ "Prior Companies Investment". www.sentinelpartners.com. Retrieved 2025-08-28.
  35. ↑ "Sentinel Capital Partners sells Captain D's". Sentinel Capital Partners. Retrieved 2025-08-28.
  36. ↑ "Sentinel Capital Partners Sells Fazoli's". PR Newswire. 2021-12-16. Retrieved 2025-08-28.
  37. ↑ "Sentinel Capital Partners sells Pet Supplies Plus". Sentinel Capital Partners. Retrieved 2025-08-28.
  38. ↑ "Sentinel exits MB2 Dental". Sentinel Capital Partners. Retrieved 2025-08-28.
  39. ↑ "Colson Group Announces Strategic Acquisition by Blue Wolf Capital". Colson Group. 2021-03-01. Retrieved 2025-08-28.
  40. ↑ "Sentinel Exits Global Car Wash Leader SONNY'S". Sentinel Capital Partners. Retrieved 2025-08-28.
  41. ↑ "New Era Technology - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  42. ↑ "Sentinel Capital Partners Sells Corporate Visions Inc". PR Newswire. 2021-08-19. Retrieved 2025-08-28.
  43. ↑ "Morgan Stanley Capital Partners Acquires Apex Companies". Apex Companies. 2023-02-01. Retrieved 2025-08-28.
  44. ↑ "Sentinel Capital Partners Sells ECM Industries to nVent Electric plc". PR Newswire. 2023-05-18. Retrieved 2025-08-28.
  45. ↑ "Sentinel Capital Partners Sells Nekoosa". PR Newswire. 2022-11-03. Retrieved 2025-08-28.
  46. ↑ "New You Bariatric Group - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  47. ↑ "Sentinel Capital Partners sells GSM Outdoors". Sentinel Capital Partners. Retrieved 2025-08-28.
  48. ↑ "Sentinel exits Altima Dental via merger with 123Dentist". Sentinel Capital Partners. 2022-08-10. Retrieved 2025-08-28.
  49. ↑ "AirBoss Defense Group - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  50. ↑ "Holley Performance Products - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  51. ↑ "Sentinel Capital to put Checkers Drive-In Restaurants up for sale". PE Hub. 2017-01-18. Retrieved 2025-08-28.
  52. ↑ "Chattanooga-based Playcore buys Worlds of Wow". Times Free Press. Retrieved 2025-08-28.
  53. ↑ "Sentinel Capital Partners acquires Quick Weight Loss Centers". PE Hub. 2016-08-23. Retrieved 2025-08-28.
  54. ↑ "Sentinel Capital buys Marketplace Events". PE Hub. 2016-01-28. Retrieved 2025-08-28.
  55. ↑ "Sentinel acquires Revenew". PE Hub. 2016-07-20. Retrieved 2025-08-28.
  56. ↑ "Sentinel Capital to put Checkers Drive-In Restaurants up for sale". PE Hub. 2017-01-18. Retrieved 2025-08-28.
  57. ↑ "Sentinel Capital to put Checkers Drive-In Restaurants up for sale". PE Hub. 2017-01-18. Retrieved 2025-08-28.
  58. ↑ "AirBoss Defense Group - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  59. ↑ "Spectrum Safety Solutions - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  60. ↑ "Total Military Management - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  61. ↑ "UBEO - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  62. ↑ "New Era Technology - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  63. ↑ "cabi - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  64. ↑ "DecoPac - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  65. ↑ "Holley Performance Products - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  66. ↑ "L2 Brands Is Acquired by Sentinel Capital". Baird. Retrieved 2025-08-28.
  67. ↑ "Sentinel Makes Strategic Investment in Midwest Eye Consultants". PR Newswire. 2021-09-13. Retrieved 2025-08-28.
  68. ↑ "123Dentist - Portfolio Company". Sentinel Capital Partners. Retrieved 2025-08-28.
  69. ↑ "Sentinel Capital Partners Acquires NSI Industries". PR Newswire. 2024-11-18. Retrieved 2025-08-28.
[edit]
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