Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces that it has acquired Profile Products (“Profile” or the “Company”), a global developer and manufacturer of engineered horticultural growing media, erosion control products and soil amendments.
Based in Buffalo Grove, IL, Profile boasts an innovative portfolio of products designed to enhance root development, minimize soil loss and accelerate seed germination, resulting in a market-leading position for soil and water management solutions. The Company’s products, including hydraulic mulch and soil conditioners, are cost-effective and environmentally-friendly solutions to a variety of end markets such as sports fields, golf courses, waste management, civil and private construction, horticulture and energy.
“Profile is an industry leader across its key product categories and has an unparalleled global distribution network,” said Joseph Choorapuzha, Managing Director with Incline. “Additionally, Profile’s strong value proposition and commitment to ongoing innovation has fostered embedded, long-lasting customer relationships.”
Jim Tanner, CEO of Profile added, “The management team is proud to have developed high performing, value-added products across a multi-brand platform. We serve a growing market with continued opportunities to expand penetration of existing products while developing technologies to serve needs in new markets. Incline’s cultural fit and relevant experience were very important to us when choosing them as our partner for the next phase of growth.”
Profile marks Incline’s third platform acquisition in under 30 days.
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private investment firm focused on making investments in lower middle-market growth companies. We are generally seeking companies with enterprise values of $25MM to $300MM across a variety of industry sectors including specialized light manufacturing, value-added distribution and business services. Our typical investment types are ownership transitions for privately held businesses, buyouts, corporate divestitures and minority recapitalizations 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.