Chattanooga-based PlayCore sold - WRCBtv.com | Chattanooga News, Weather & Sports

Chattanooga-based PlayCore sold

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CHATTANOOGA, TN (Times Free Press) - Chattanooga-based playground equipment maker PlayCore has been acquired by Sentinel Capital Partners, a private equity firm focusing on middle market investments, the companies announced today.

PlayCore, which employs 110 people in Chattanooga and has manufacturing facilities in Fort Payne, Ala., was previously held by Irving Place Capital. The purchase price wasn’t disclosed.

PlayCore President and CEO Bob Farnsworth said the company has been fortunate to work with Irving Place Capital for the last 7 and a half years.

“They have certainly supported the company’s organic growth and acquisition strategy and have been instrumental in supporting the success of the company,” he said in a statement. “We are now very pleased to partner with Sentinel Capital Partners as we take PlayCore to the next stage of growth.

Read more from our partners at the Times Free Press
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