Incline Acquires BBG

Incline Acquires BBG

Incline Equity Partners has acquired BBG, a provider of commercial real estate appraisal and assessment services.

BBG’s commercial real estate advisory services included property appraisals, site and boundary surveys, environmental assessments and other related advisory services. The company, led by CEO Chris Roach, has 37 offices across the US and is headquartered in Dallas.

“Incline has a proven track record of investing in the commercial services sector,” said Mr. Roach. “We are confident they can help us pursue strategic acquisitions to expand into new geographies, add service offerings and continue to deepen our expertise in key verticals. We are excited to partner with them for our next phase of growth.”

“BBG has an exceptional financial profile and has proven itself a leading, independent provider with national scale and industry-leading capabilities,” said Leon Rubinov, a senior partner with Incline. “BBG’s proprietary technology differentiates it from its peers and affords BBG to provide best-in-class customer service. The company is well-positioned to accelerate growth through additional investments in key areas.”

Twin Brook, the middle-market direct lending arm of Angelo Gordon, was the administrative agent on debt financing to support Incline’s acquisition of BBG. Chicago-based Twin Brook focuses on loans to private equity-owned companies with EBITDA between $3 million and $50 million, with an emphasis on companies with $25 million of EBITDA and below. The firm targets senior financing opportunities up to $200 million, with hold sizes across the platform ranging from $25 million up to $150 million. Twin Brook’s products include opportunistic investments in second lien, mezzanine, and equity co-investments.

Pittsburgh-based Incline Equity was formed in 2011 and is led by its senior partners, Jack Glover, Justin Bertram, and Leon Rubinov. In January 2020, Incline closed its fifth fund, Incline Equity Partners V LP, with nearly $1.2 billion of capital. Incline generally invests in growing companies with enterprise values of $25 million to $450 million.

© 2021 Private Equity Professional | January 28, 2021

To search in site, type your keyword and hit enter