Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces that it has made an investment in Charter Industries Extrusions, LLC. (“Charter” or the “Company”), a leading supplier of PVC and wood edgebanding, T-molding and veneer sheets to specialty carpenters and furniture installers.
Based in Grand Rapids, MI, Charter specializes in edgebanding as well as ancillary cased goods products for use in a variety of end markets. The Company serves thousands of furniture and case good manufacturers operating in the education, healthcare, retail, hospitality, commercial, recreational vehicle and residential markets. The Company strives to have the shortest lead times in the industry while continually adding new colors, sizes and patterns to stay on the forefront of market design preferences.
“We are excited to have partnered with Pete Eardley and the entire management team at Charter,” said John Morley, Managing Director with Incline. “The Company’s clients rely upon Charter’s industry-best lead times, incredible breadth and depth of inventory, same-day shipping capabilities and overall dedication to customer service, and we’re delighted to be a part of such an organization.”
Pete Eardley, founder and CEO of Charter added, “We are proud to be a trusted supplier in the market. For almost 30 years, we have focused our efforts on continually growing a better business for customers and employees. With Incline as our partner, we will be able to leverage their experience to assess new avenues for growth, particularly in acquisitions and new product additions.”
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.