Sentinel Capital Partners Sells Chattanooga-Based PlayCore

Monday, October 2, 2017

Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower middle market, on Monday announced the sale of PlayCore, the leading North American designer, manufacturer, and marketer of a broad range of play, park, and recreation products. Terms of the deal were not disclosed.

“We are very pleased with the excellent results PlayCore has achieved,” said Eric Bommer, a Sentinel partner.

“PlayCore has successfully executed a broad range of organic growth and add-on acquisition initiatives. PlayCore’s talented management team has incorporated new brands seamlessly and accelerated growth by cross-selling, accessing new market opportunities, and capturing cost efficiencies. During our ownership, PlayCore has not missed a beat, which is a tremendous credit to its outstanding management team, and we leave the company well-positioned for future success as the industry leader.”

Since Sentinel’s 2014 investment, PlayCore has successfully pursued its mission of building communities through play and recreation. PlayCore has completed 14 add-on acquisitions, and today owns 27 complementary brands and serves more than 8,000 customers.

PlayCore’s President and CEO, Roger Posacki, commented, “Sentinel has been a strong and supportive partner during a highly successful period in PlayCore’s history. Sentinel has played a very important role in our acquisition strategy and we look forward to continuing this success with our new private equity owners.”

Headquartered in Chattanooga, PlayCore designs and builds a wide spectrum of commercial playground, park, recreation, performance, and specialty equipment ranging from basic modular play structures to complex, theme-based play environments that require significant creative and engineering competencies. PlayCore also provides a broad array of site amenities, surfacing, seating, performance, and fitness solutions, including picnic tables, benches, bleachers, bike racks, and outdoor fitness stations. Widely recognized as the industry thought leader, PlayCore also offers highly-differentiated, value-added services such as designing curriculum-based education programs for playgrounds and parks, and helps customers access funding sources. PlayCore is the market leader in play and recreation and has built the industry’s most expansive distribution network.

The past 12 months have been highly productive for Sentinel, officials said. Besides exiting PlayCore, Sentinel sold WellSpring Consumer Healthcare, a portfolio of high-performing OTC healthcare brands; Checkers & Rally’s Restaurants, an iconic and innovative drive-thru restaurant chain;National Spine & Pain Centers, a leader in interventional pain management; and Power Products, a leading global provider of branded electrical products and systems. During this same period, Sentinel made three new platform investments, including Altima Dental, the largest dental services organization in Canada; Cabi, a leading direct marketer of women’s fashion apparel; and SONNY’S Enterprises, the worldwide leader in conveyorized car wash systems.


Small Businessperson 2018 Bedwell Nominations Due March 30

Do you know a successful, small businessperson whom deserves recognition?  Now is the time to nominate such a business leader. The 2018 Mel Bedwell Award luncheon sponsored by Pinnacle Financial Partners, slated for Wednesday, May 16, at the Museum Center at 5ive Points, will recognize the 25th Small Businessperson of the year recipient. The annual awards luncheon will ... (click for more)

Chattanooga Chamber Calendar Of Events March 19-23

March 19, Ribbon Cutting for Chattanooga Sports Chiropractic Institute, PLLC 11:30 a.m. to Noon Chattanooga Sports Chiropractic Institute, PLLC: 1200 Mountain Creek Rd., Ste. 430   March 20, Reality Check at Red Bank High School 7:30 to 11 a.m. Red Bank High School: 640 Morrison Springs Rd . Reality Check teaches ninth graders ... (click for more)

Volkswagen Sets Press Conference To Announce New Project; Governor Haslam To Attend

Volkswagen has called a press conference at its Chattanooga plant on Monday to announce "a new project." Governor Bill Haslam is among those set to attend. Also taking part will be Antonio Pinto, president and CEO of the Volkswagen Chattanooga plant, and Hinrich J. Woebcken, president and CEO of Volkswagen group of America. The announcement will be at 2:30 p.m. at the plant ... (click for more)

Clark D. Nolan, Accused Of Imprisoning And Assaulting Wife, Found Competent To Stand Trial

A Graysville, Tn., man who allegedly strangled, assaulted and threatened to kill his wife while holding her prisoner in their home is competent to stand trial, according to two forensic evaluators. Psychologist Robert W. Brown Jr. and forensic coordinator Todd Wiggins reported to Sequatchie County General Sessions Court that they evaluated Clark Dean Nolan on charges of aggravated ... (click for more)

Why Are Pictures Of Our President And Vice President Not Hanging At Our Federal Courthouse?

I would like to know why the pictures of our President and Vice President have not been hung in our Federal Courthouse. They have been approved by the White House. Every time I call they tell me they are on order. Tommy Fryar (click for more)

Roy Exum: The Saturday Funnies

As your dress in your best green outfit today so you can join in the Saint Patrick’s Day revelry, here’s a conversation that was overhead at an Irish pub in Killarney. Finnegan is sitting in his favorite corner, using some of the proceeds after selling his friend Michael a donkey. Suddenly Michael bolts in the door and yells, “Hey, Finnegan, that donkey you sold me went and died.' ... (click for more)