Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the midmarket, today announced the sale of CINgroup, a provider of innovative software and due diligence solutions to attorneys and their clients. Terms of the transaction were not disclosed.
CINgroup is the world’s leading bankruptcy workflow solutions provider to the consumer bankruptcy market. The Company manages a suite of technology-based solutions with widely recognized name brands, including Best Case® Bankruptcy, CINcompass®, and CIN Legal Data Services®. These products and services function seamlessly with bankruptcy courts, trustees, creditors, and other service providers within the consumer bankruptcy ecosystem. Best Case and CINcompass are used to facilitate case preparation, electronic filing, and bankruptcy workflow; CIN Legal Data Services provides credit reports, tax transcripts, and other attorney due diligence products as well as solutions to facilitate review and acceptance by their clients.
“Sentinel has worked closely with CINgroup’s experienced and talented management team to successfully build a business with a strong foundation and significant future growth opportunity,” said Eric Bommer, a Sentinel Partner. “During our ownership, despite a steady decline in U.S. personal bankruptcy filings, we went on the offensive by making several strategic acquisitions to cement CINgroup’s position as a leader in both software and data products. Through these initiatives, CINgroup successfully diversified and balanced its product portfolio and created a powerful operating platform.”
“CINgroup has a long history of providing market-leading solutions for bankruptcy attorneys and their clients.” said Dave Danielson, CEO of CINgroup. “Our products and services are essential elements to our customers’ daily workflow processes and ongoing success.”
The past year has been highly productive for Sentinel. Besides selling CINgroup, Sentinel also completed three other exits—Huddle House, a franchisor of family dining restaurants in the Southeast; Rotometrics, a global provider of high precision rotary cutting tool solutions; and WellSpring Consumer Healthcare, a North American marketer of OTC health brands. Also during the past year, Sentinel made five new platform investments—Apex Companies, an environmental services firm specializing in water resources and industrial hygiene; GSM Outdoors, a provider of technologically-advanced, branded accessories for the hunting, shooting, and outdoorsman markets; Holley Performance Products, a manufacturer of branded performance products for automotive enthusiasts; Pet Supplies Plus, a franchisor and operator of local neighborhood pet stores; and UBEO, a regional provider of document processing services.
About Sentinel Capital Partners
Sentinel specializes in buying and building businesses in the lower midmarket in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds.
For more information about Sentinel, visit www.sentinelpartners.com.
About CINgroup
Founded in 1979, CINgroup® provides innovative software and due diligence solutions for attorneys and their clients. Serving customers nationwide, the CINgroup family includes Best Case® Bankruptcy, CINcompass®, CIN Legal Data Services® and myHorizon™ with locations in Dayton, Ohio; Evanston, Illinois; and Denver, Colorado. CINgroup is committed to innovation by listening to the customer and providing market-leading, customer-centric solutions. For more information, please visit www.cingroup.com.
