Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle market private equity firm, announces the acquisition of P.T. International Corp. (“PTI” or the “Company”), a value-added supplier of mechanical power transmission components for industrial and commercial applications.
Based in Charlotte, North Carolina, PTI is a provider of metric and American standard power transmission products including ball bearings, mounted bearings, linear bearings, bearing housings and a variety of roller chain and belt drive components. The Company’s products are used across a broad spectrum of end markets, including bulk material handling, food and beverage, unit handling, steel processing, commercial equipment, air handling and textile.
“The PTI team has built very strong customer relationships,” said Leon Rubinov, Partner with Incline. “Their global sourcing capabilities for lower volume, hard to find products is not only impressive, but also important to customers. Working together, we plan to expand these capabilities even further.”
Darin Davenport, Chief Executive Officer of PTI, added, “Incline’s extensive experience working with manufacturers and distributors was meaningful to us. Our next phase of growth is to expand our products and capabilities through internal development and acquisitions. Incline has helped many businesses with similar business models to ours execute on a similar strategy. We are looking forward to working with the Incline team.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle market growth companies, focusing on companies with enterprise values of $50MM to $200MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.
Incline Management Corporation (“IMC”) 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. IMC provides investment advisory services only to privately offered funds. IMC 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 IMC client fund or investor and do not describe any experience with or endorsement of IMC as an investment adviser by any such client or investor.