Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the acquisition of Foundation Source (the “Company”), the nation’s largest provider of comprehensive support services to private foundations.

Based in Fairfield, CT, Foundation Source’s complete portfolio of outsourced solutions includes foundation creation, administrative support, active compliance monitoring, philanthropic advisory, tax and legal expertise, and online foundation management tools.

“We are thrilled to partner with Susan Friedlander Calzone and the entire management team,” said Joseph Choorapuzha, Partner with Incline. “As the industry’s only comprehensive support provider, the Company has a compelling value proposition that leverages proprietary client-facing and back-end software along with foundation management expertise. There is substantial opportunity for future growth, including further penetration of the foundation market while entering new markets and adding expanded service capabilities.”

Foundation Source is a well-respected, trusted provider that has been serving the market for nearly 20 years. The Company provides its services to more than 1,600 family, corporate, and professionally staffed foundations, of all sizes, nationwide. Foundation Source works in partnership with wealth management firms, law firms, accounting firms, and family offices as well as directly with individuals and families.

“As the leading provider of comprehensive foundation management solutions and an industry pioneer, we are excited to partner with Incline in this next iteration of the firm’s evolution,” said Susan Friedlander Calzone, Chief Executive Officer of Foundation Source. “We will continue, as always, to deliver service excellence to our clients, and this new partnership enables us to further penetrate our current market and expand into new ones.”

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.