Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce that it has made an investment in Weaver Parts (“Weaver” or the “Company”), a leading value-added distributor of recycled OEM auto parts to collision and mechanical repair shops throughout the Southeastern United States.
Based in Carnesville, GA, Weaver provides customers with both mechanical parts, such as engines and transmissions, as well as collision parts, including door assemblies, lights, fenders, trunk lids and hoods. Since its founding in 1992, Weaver has developed meaningful experience procuring and dismantling salvage vehicles, and cataloging in-demand parts, giving the Company the ability to maintain high levels of in-stock inventory for its customer base of over 6,400 repair shops across the Southeast.
“Weaver has distinguished itself as a best-in-class operator and a highly scalable platform company,” said Evan Weinstein, Partner at Incline. “We are thrilled to be able to support Kent and the Weaver team with additional resources and together execute on the Company’s ambitious growth plan.”
“We are proud to be a value-added partner to collision and mechanical repair shops in the Southeast region,” said Kent Rothwell, CEO of Weaver. “With Incline’s resources and expertise, we plan to scale the Company’s geographic reach through both greenfields and M&A. The entire Weaver team is excited to embark on this next chapter with Incline.”
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.