Irving Place Capital, a middle-market private-equity firm, acquired Chromalox, a global manufacturer of highly engineered electric heating solutions for demanding process-control applications, from Sentinel Capital Partners. Pittsburgh, Pa.-based Chromalox manufactures a broad line of electric heat and control products – including heating components, immersion heaters, circulation systems, heat-transfer systems, precision electronic controls and more – for applications in energy, industrial and commercial market sectors. The company, which was founded in 1918, has multiple manufacturing, engineering, warehousing and sales locations in North America, Europe, and Asia.
Irving Place Capital Acquires Chromalox
January 9, 2013