Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce that it has made an investment in NovaVision (the “Company”), a leading manufacturer of consumable security and authentication products.
Based in Bowling Green, OH, NovaVision offers a comprehensive portfolio of consumable security and authentication products, including hologram labels, tamper-evident stickers, security tape and mechanical security seals. The Company’s products help prevent counterfeiting and product tampering in markets such as electronics, government, pharmaceutical, retail, transportation and logistics.
“NovaVision’s extensive in-house production capabilities provide a strong competitive advantage and have driven significant growth,” said Evan Weinstein, Partner at Incline. “As an established platform in the fragmented consumable security products space, there is tremendous opportunity to expand the Company’s offering through strategic acquisitions. Additionally, we plan to enhance the Company’s sales and digital marketing strategies to accelerate new customer acquisition and drive brand awareness. We look forward to our partnership with the entire NovaVision team.”
Concurrent with the transaction, Bill Schoenherr was promoted to President and longtime President Mike Messmer announced his retirement. Mike will continue to be involved in supporting NovaVision’s growth as a board member and advisor to the Company.
Bill Schoenherr said, “Since our founding in 1994, we have focused on building a vertically integrated business committed to delivering high quality, customized products with rapid turnaround times. With Incline by our side, we are excited to further strengthen our capabilities while maintaining our unwavering commitment to our customers. We are enthusiastic about partnering with Incline in our next phase of growth. Additionally, I want to thank Mike for over two decades of leadership, and I look forward to his continued counsel as part of the board.”
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 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Disclaimer:
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.
