Transaction Dynamics

A partnership with the founder to support the next leg of growth including building out the management team and expansion via M&A.

Investment Thesis

• Value-added distributor offering exceptional value-proposition to customers via recycled OEM parts
• Sophisticated operator with industry-leading fill rates and customer service
• Large and recession-resistant end market
• Attractive consolidation opportunity in an industry where scale is a competitive differentiator

Incline Value Enhancement

• Pursue add-on acquisitions
• Pursue greenfield expansion opportunities
• Invest in sales and marketing to support organic growth
• Support operational improvements including investments in technology to drive efficiencies