“In Blackstone and RidgeLake, Sentinel has partnered with two outstanding firms that we believe bring significant strategic value,” said John McCormack, a co-founder and senior partner at Sentinel. RidgeLake is a partnership between Ottawa Avenue Private Capital and PA Capital (a majority-owned subsidiary of New York Life), that makes minority investments in mid-market private equity firms. Last week, New York City-based Sentinel Capital Partners announced that GP Stakes and RidgeLake Partners had made a minority investment in the firm. “Blackstone is an exceptional institution, and we expect they will bring resources and perspective that will help us as we continue to serve our limited partners, build our franchise and invest our funds over the long term.īlackstone’s GP Stakes business has been active recently. “We are thrilled to have this opportunity to work with Blackstone as a passive minority investor in our firm,” said GTCR managing directors Collin Roche and Dean Mihas in a released statement. GTCR will also be able to access other services that Blackstone provides its portfolio companies including ESG, human resources, and cybersecurity. The investment by Blackstone will provide GTCR’s portfolio companies with access to Blackstone’s group purchasing program, which leverages the buying power of Blackstone’s entire investment portfolio that has more than $150 billion in aggregate revenue. Empire is a member of the Certified Automotive Parts Association (CAPA) and the Automotive Body Parts Association (ABPA).Blackstone has agreed to make a minority investment in GTCR through its GP Stakes business which specializes in making investments in alternative asset management firms. Headquartered in Totowa, New Jersey, Empire offers more than 40,000 certified and non-certified parts to auto collision repair customers throughout the East Coast from 27 strategically located hubs and supporting satellite locations. For more information about Sentinel, visit About Empire Auto PartsĮmpire is a leading specialty distributor of aftermarket collision auto parts. 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. We look forward to working with Empire's talented team as they enter their next chapter of growth.' 'The Empire team has established a growth playbook based on providing a better buying experience coupled with broad parts availability. 'Since its founding in 1985, Empire has built a reputation of providing best-in-class service through a hub-and-spoke model which now extends up and down the east coast,' said Owen Basham, a Sentinel principal. Empire's product offering covers more than 40,000 parts, including bumper covers, lamps, hoods, fenders, trunk lids, grills, bezels, door mirrors, and other products. With a vast assortment of top-quality products and a fleet of vehicles providing same-day or next-day delivery, Empire delivers unmatched service to its collision center partners. Headquartered in Totowa, New Jersey, Empire operates five distribution hubs and 22 satellite delivery locations across 16 contiguous eastern states. 18, 2021 /PRNewswire/ - Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced its acquisition of Empire Auto Parts, a leading specialty distributor of aftermarket collision parts. Growth Platform in Aftermarket Collision Parts Distribution

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