RidgeLake brings more than 40 years of experience as an active private markets investor and industry thought leader in the middle market. The investment from RidgeLake, a partnership between PA Capital and Ottawa Avenue Private Capital, will give Sentinel access to additional sources of potential deal flow and industry know-how. Sentinel will also be able to draw from a wide range of other services Blackstone provides internally and to its portfolio companies, including sustainability, ESG and cybersecurity. The partnership will give Sentinel’s portfolio companies access to Blackstone’s group purchasing programs, which leverage the buying power of the $150 billion revenue base across Blackstone’s entire investment platform. Blackstone and RidgeLake are providing primary equity capital as minority investors.īlackstone’s GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset managers. As investors with deep experience partnering with top-tier private equity firms, Blackstone and RidgeLake take a long-term approach to collaborating with general partners. New York – Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced a strategic partnership led by funds managed by Blackstone’s GP Stakes business (“Blackstone”) and including RidgeLake Partners (“RidgeLake”). and Canada and serves more than 15,000 active clients.Press Releases Sentinel Capital Partners Announces Strategic Partnership with Blackstone and RidgeLake Partners July 22, 2021
The company has 37 locations across the central and eastern U.S. Its tools support 3D modeling, simulation, virtual replication, and collaboration, as well as data management, configure-price-quote automation, product lifecycle management, and enterprise resource planning.
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It works with leading software and hardware partners, including Dassault Systèmes and Stratasys, and its experts provide computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services for clients across a variety of industries.
“We see a tremendous amount of opportunity to help the Company continue scaling, and Audax is an ideal partner to support the acceleration of TriMech’s growth and service offerings.”įounded in 1998 and headquartered in Richmond, VA, TriMech is a leading technology and business solutions partner for designers, engineers, and manufacturers. “Audax Private Debt has been a reliable and engaged financing partner for us, structuring and executing a tailored financing solution that we believe will position the Company for continued growth,” said Jon Gurss, Principal at Sentinel Capital Partners. We are thrilled to partner with Sentinel and the TriMech team to support the Company in this exciting next chapter.” “The pace of change continues to accelerate- impacting every industry at each stage of the design process, and we believe that TriMech is well-positioned for growth and continued success. “Over the last decade, 3D CAD has revolutionized the engineering workflow,” said Rahman Vahabzadeh, Managing Director at Audax Private Debt. The Company partners with leading software and hardware providers, including Dassault Systèmes and Stratasys, to deliver expert technical support, training, consulting, implementation, and staffing services to its customers through its world-class engineering staff. Headquartered in Richmond, VA, TriMech sells and services engineering software, 3D printers and consumables, 3D scanners, and other engineering and manufacturing-related offerings. Audax Private Debt announced that, as a Co-Lead Investor, it provided Mezzanine Notes to support Sentinel Capital Partners’ (“Sentinel”) investment in TriMech (or the “Company”).
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