Text Wrap Image HolderIncline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces the realization of Apex Analytix (“Apex”), a leading provider of technology-enabled recovery audit services to global retailers and Fortune 1000 companies.  Financial terms of the sale are not being disclosed.

“It has been a pleasure working alongside Apex’s remarkable management team to build a market leading provider of recovery audit solutions,” said Jack Glover, a founding Partner at Incline.  “Additionally, the exit marks a tremendous outcome for Incline, our investors and the Apex management team.”

Based in Greensboro, North Carolina, Apex offers a full suite of technology-enabled solutions that help clients prevent, identify and recover overpayments and duplicate payments to vendors, as well as perform vendor fraud risk management, improve supplier management and discount realization, and strengthen overall procure-to-pay controls.

“Incline’s investment allowed us to build upon our core strengths, further extend our product line, and continue to deliver outstanding service and performance levels,” said Steve Yurko, Chief Executive Officer at Apex.  “As a result of our partnership with Incline, Apex is well-positioned to grow its global market share and to drive additional value for our clients.”

Incline is committed to investing in business and industrial services companies.  Active investments in the sector include AmSpec (testing and inspection) and Oracle Elevator (elevator maintenance and modernization).

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 $30MM to $125MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business and industrial 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.