Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the sale of Rotating Machinery Services (“RMS” or the “Company”), a global provider of specialty aftermarket repair, maintenance and overhaul services for large, highly engineered rotating machinery. Incline originally invested in the Company in 2015.
Founded in 1997, RMS is a multi-location aftermarket turbomachinery services company, providing repairs, re-rates and parts for industrial rotating machinery and equipment, including compressors, expanders and turbines. The Company’s solutions improve performance and extend the useful life of complex machinery used in customers’ critical industrial processes.
“When we initially partnered with RMS, it was a durable business with tremendous potential but was underinvested in and operating without a growth mandate,” said Justin Bertram, Senior Partner with Incline. “We focused our efforts on developing the infrastructure needed to enhance operations and recruiting a talented management team with a growth vision. Those efforts paid off, and in just three and half years, we more than tripled the size of the business. We’re very proud to have helped transform the Company from a single facility to a global provider with five locations across two continents.”
John Bartos, CEO of RMS, added, “Incline was the first institutional partner for RMS. They did a fantastic job of pushing the Company forward while maintaining the legacy and culture that were important components to our success in the market. Incline was also instrumental in RMS completing two very strategic, sizeable acquisitions. Their deep experience completing acquisitions allowed us to better analyze the investments initially and significantly improved our ability to achieve a smooth integration and seamless transition for customers. RMS is strategically positioned for the next phase of 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 – $300 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.