Incline Equity Partners has acquired Profile Products, a developer and manufacturer of engineered horticultural growing media and erosion control products.
Profile’s products include mulches and additives, engineered soils, soil conditioners, and turf reinforcement mats and vegetative establishment blankets which are used in the sports fields, golf courses, waste management, civil and private construction, horticulture and energy sectors.
Profile, led by CEO Jim Tanner, is headquartered in the Chicago Suburb of Buffalo Grove, IL (www.profileevs.com).
“The management team is proud to have developed high performing, value-added products across a multi-brand platform,” said Mr. Tanner. “We serve a growing market with continued opportunities to expand penetration of existing products while developing technologies to serve needs in new markets. Incline’s cultural fit and relevant experience were very important to us when choosing them as our partner for the next phase of growth.”
“Profile is an industry leader across its key product categories and has an unparalleled global distribution network,” said Joseph Choorapuzha, a managing director with Incline. “Additionally, Profile’s strong value proposition and commitment to ongoing innovation has fostered embedded, long-lasting customer relationships.”
Incline Equity Partners invests from $15 million to $30 million in support of recapitalizations, buyouts and corporate divestitures of lower middle market companies that have EBITDAs greater than $5 million and enterprise values between $25 million and $300 million. Sectors of interest include value-added distribution, specialized light manufacturing, and business services. Incline was formed in 2011 and is based in Pittsburgh (www.inclineequity.com).
The buy of Profile is the third transaction closed by Incline in the past thirty days. In December 2018 the firm acquired two companies: Richmond, VA-based Caldwell & Gregory, a provider of laundry facility management services for customers in the university and multifamily housing markets; and Grand Rapids, MI-based Charter Industries, a supplier of PVC and veneer edgebanding used by specialty carpenters and furniture installers.
© 2019 Private Equity Professional | January 11, 2019