Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle market private equity firm, announces an investment in Continental Batteries (“Continental” or the “Company”).
Established in 1932 and headquartered in Dallas, Texas, Continental is a leading distributor of aftermarket batteries to the automotive, commercial, golf, marine and industrial markets. The Company’s brand is highly regarded and firmly established across the industry. Through its multi-location branch network, Continental provides regular, on-premise delivery to customers in major cities, as well as to those in regional and rural areas.
“It was important for us to find a partner that could support our growth within the existing footprint as well as in new geographies,” said Jim McCann, President of Continental. “With Incline’s partnership, we will be able to not only serve our current clients better, but also serve new markets.”
In addition to the expansion opportunities, Incline was attracted to the strong value proposition Continental brings to its customers. “The technical knowledge of the team, rapid delivery and value-added services make Continental a critical distributor for its customers,” said John Morley, Managing Director with Incline.
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.