Fond du Lac Cold Storage (FDL) provides fully refrigerated storage and daily deliveries to its customers, specializing in wine and cheese. FDL offers other value-added services such as labeling, picking and repacking.
How We Partnered
Transaction Dynamics
A partnership with management to support continued growth. Management made a significant investment in the Company as part of the transaction.
Investment Thesis
- Established infrastructure and route density targeting a niche market
- Strong customer relationships with repeating revenue streams
- Incline industry expertise and multiple avenues for value creation including operational improvements and market expansion
- Attractive financial profile, free cash flow conversion and deal dynamics
- Stable, recession resistant business due to highly stable product end markets and pricing model
Incline Value Enhancement
- Execute on operational efficiency improvements such as process flow changes
- Implement new software tools to improve warehouse and delivery performance
- Develop and augment management team to support future growth
- Strategically identify and enter attractive new markets in partnership with existing customers
