Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its portfolio company, BFG Supply (“BFG or the “Company”), a provider of third-party and proprietary branded products to professional growers, lawn & garden centers and other green industry participants, has acquired Gard’N-Wise Distributors, Inc. (“Gard’N-Wise”).
BFG distributes a full line of products including containers, growing media, chemicals, fertilizer, seed and greenhouse equipment. With over 10,000 SKUs, the comprehensive product offering provides a differentiated, one-stop solution to the market. The acquisition of Gard’N-Wise significantly expands the Company’s geographic footprint and ability to serve customers in the Midwest, Southwest and Mountain West regions.
“The acquisition expands BFG’s geographic reach and brings together two great distribution platforms in the industry,” said Dave Daily, President and CEO of BFG. “Lawn and garden centers and commercial growers in the Midwest, Southwest and Mountain West regions have come to rely on Gard’N-Wise for dependable sourcing, product knowledge training and convenient warehouse delivery. The combination of BFG and Gard’N-Wise promises to bring even more value to customers of both companies.”
Tom Ritchie, Partner with Incline, added, “We are thrilled to close our first acquisition since partnering with the Company in January. BFG has strong future growth opportunities through further geographic and product expansion as well as additional add-on acquisitions.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Incline Management, L.P. (“IMLP”) 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. IMLP provides investment advisory services only to privately offered funds. IMLP 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 IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.