Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce that it has acquired Edko (the “Company”), a leading provider of herbicide-based vegetation management services to utilities, municipalities and other operators of infrastructure rights-of-way.
Headquartered in Bossier City, LA, the Company assists its customers in planning and implementing comprehensive and effective herbicide-based treatment programs that are both environmentally friendly and cost efficient. The Company currently operates 14 branch locations serving 25 states.
“Edko has an exceptional track record of performance in a resilient, growing end market,” said Victor Martinelli, Managing Director at Incline. “Differentiated customer service and technical capabilities have enabled Edko to establish itself as a market leader in herbicide-based vegetation management, exemplified by long-term relationships with its blue-chip customer base. We look forward to working with Edko’s talented management team and believe there is an exciting opportunity to expand our geographic footprint and service offerings through acquisitions and new product development.”
“We are excited to partner with Incline for our next phase of growth,” said Mike Vasko, owner of Edko. “We were looking for a partner that supported our current strategic vision while also providing a value-added perspective for achieving growth via M&A. Incline has the proven ability to help us develop and execute on both organic and inorganic growth initiatives, as well as the expertise to help us strengthen the operational infrastructure needed to support future growth.”
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.