Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its portfolio company, BFG Supply (“BFG”), a leading technology-enabled distributor to the green industry, has acquired L&L Nursery Supply (“L&L”).
BFG distributes a full line of products across complementary green industry segments including professional horticulture, lawn & garden and hydroponic & controlled environment agriculture. With over 15,000 SKUs in stock, the comprehensive product offering provides a differentiated, one-stop solution to the market. BFG also offers customers solutions to better manage their supply chain through innovative technologies.
“L&L is a great fit with BFG as both companies share a similar culture including a customer-first approach to the market. L&L provides high levels of service and has an excellent reputation in the industry. The acquisition expands BFG’s reach and allows us to provide more value to customers of both companies,” said Dave Daily, President and CEO of BFG.
Tom Ritchie, Partner with Incline, added, “We are pleased to continue executing our strategy of growth through acquisitions. Our partnership with L&L significantly expands our capabilities across the Western United States and strengthens our product offering.”
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.