Alemite Holdings, LP

Alemite Corporation, headquartered in Charlotte, North Carolina, is the leading designer, manufacturer, and marketer of industrial lubrication equipment and components in North America. Alemite is one of the most highly respected and recognizable brands in the lubrication industry. Alemite's product line includes grease guns, grease fittings, pumps and reels, and automatic lubrication devices. Alemite invented the hydraulic grease fitting in the 1920s and has been a leader in the industrial lubrication market for the past 80 years. Alemite is well positioned to expand internationally and to make complementary acquisitions in the U.S. that can take advantage of the company's strong domestic distribution channels. In June 2002, Sentinel Capital Partners acquired Alemite, a former subsidiary of Invensys plc, in a management buyout and corporate carveout transaction. AmSouth Bank, a division of AmSouth Bancorporation (NYSE: ASO), provided senior debt financing for the transaction. American Capital Strategies, Ltd. (NASDAQ: ACAS) provided subordinated debt financing. Alemite's management also invested in the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners II, L.P. In January 2006, after achieving substantially all of its investment objectives within three-and-a-half years, Sentinel sold Alemite to Lincoln Industrial Corporation, an affiliate of Harbour Group, a private equity firm. Since Sentinel's original investment, Alemite's profitability grew by more than 50%.