Orthotic Holdings (DBA The Orthotic Group) is a manufacturer, marketer and distributor of custom and branded medical products that treat foot, ankle and leg related conditions and diseases. The company is headquartered in Markham, Ontario (www.theorthoticgroup.com).
Incline acquired Orthotic Holdings in September 2008. During the term of ownership, Orthotic doubled its earnings through the implementation of foot scanning technology, growth achieved by entering new sales channels and three targeted acquisitions.
“We are proud of what we accomplished over the course of our four-year investment in Orthotic,” said Jack Glover, Partner of Incline Equity Partners. “Our synergy with the talented management team enabled us to achieve our strategic investment goals, providing the desired returns to investors and leaving the company well-positioned for future growth.”
The sale of Orthotic was led Jack Glover, Partner; Charlie Rossetti, Senior Associate; and David Hamerling, Associate.
Lincoln International acted as the financial advisor to Incline and Orthotic. Lincoln International provided advisory expertise and managed the preparatory, marketing, negotiation and due diligence phases of the transaction.
Incline Equity Partners invests from $10 million to $25 million in support of leveraged buyouts, recapitalizations, and large minority financings of lower middle market growth companies with enterprise values between $25 million and $100 million across a variety of industry sectors including specialized light manufacturing, value-added distribution, and business and industrial services. The firm was formed in 2011 and is based in Pittsburgh (www.inclineequity.com).
Frazier Healthcare invests from $20 million to $50 million in healthcare service and biopharma companies. The firm has over $1.8 billion of capital under management across seven funds. Frazier Healthcare was founded in 1991 and has offices in Seattle and Menlo Park (www.frazierhealthcare.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-16-13