Incline Equity Partners (“Incline”), a private equity firm focused on making investments in lower middle-market growth companies, announces that its portfolio company, Bacharach, Inc. (“Bacharach”), acquired Parasense Delaware, Inc. (“Parasense” or the “Company”), a designer and manufacturer of refrigerant leak detection products, energy monitoring services and data analytic solutions.
Parasense sells its products to a variety of customers in the food retail, military, government and industrial end-markets. The Company’s products enable its customers to improve the operation and efficiency of critical refrigeration and facility systems. Parasense is headquartered in Quedgeley, United Kingdom and operates a satellite office in Stanardsville, VA.
“Parasense brought an attractive line of energy monitoring products and software solutions that complement Bacharach’s existing product offering,” said Justin Bertram, Partner with Incline. “Also, adding their robust technical and engineering resources, as well as military-grade designs, will strengthen the existing product portfolio while boosting Bacharach’s ability to develop new products.”
Parasense has a strong foothold in the food retail end-market, a market that Bacharach has served well for many years. The Company also brings access to markets that Bacharach is not currently serving, like government entities, military and marine.
“Parasense fit perfectly with Bacharach’s strategy and considerably changed the financial profile of the overall business,” said Doug Keeports, President of Bacharach. “With Incline at the table, we were able to quickly respond and benefit from the value of a larger, combined business. With an international presence, Bacharach is well-positioned to capitalize on enhanced technical capabilities, expanded geographic reach and a broader product offering to support ongoing growth.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $50MM to $200MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.
Disclaimer:
Incline Management Corporation (“IMC”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMC provides investment advisory services only to privately offered funds. IMC does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMC client fund or investor and do not describe any experience with or endorsement of IMC as an investment adviser by any such client or investor.
