Industrials
Alemite Corporation
Status
Exited
Location
Charlotte, NC
Investment Type
Private Equity
Investment Themes
Sentinel Team
Alemite has been a marquee name in the industrial lubrication market since the 1920s, when it invented the hydraulic grease fitting. Today, Alemite is North America’s leading designer, manufacturer, and marketer of industrial lubrication equipment and components and one of the most highly respected and recognizable brands in the industry. Alemite’s products includes grease guns, grease fittings, pumps and reels, and automatic lubrication devices.
During Sentinel’s investment, Alemite’s profitability grew by more than 50%. After achieving substantially all of our investment objectives, Sentinel sold Alemite to Lincoln Industrial Corporation, an affiliate of private equity firm Harbour Group.