Incline Equity Partners, a Pittsburgh-based lower middle-market private equity firm, announced today the sale of Orthotic Holdings, Inc. (OHI) to Frazier Healthcare.
OHI, headquartered in Markham, Ontario, is a leading manufacturer, marketer and distributor of high quality, predominantly custom and branded medical products that treat foot, ankle and leg related conditions and diseases. The company is recognized as a North American market leader with entrenched relationships in each of its core healthcare provider sales channels through the development and deployment of its innovative foot scanning technology solution.
Incline Equity Partners’ strategic insight enabled the company to double earnings during its ownership, highlights of which include noteworthy process enhancements through the implementation of foot scanning technology, significant growth achieved by entering new sales channels and three targeted acquisitions.
“We are proud of what we accomplished over the course of our four-year investment in OHI,” said Jack Glover, Partner of Incline Equity Partners. “Our synergy with the talented management team enabled us to achieve our strategic investment goals, providing the desired returns to investors and leaving the company well-positioned for future growth.”
Bruce Marrison, former Chief Executive Officer of OHI, said, “On behalf of the management team and our employees, I thank Incline Equity Partners for their collaborative partnership that acted as the catalyst for achieving our growth objectives.”
Charlie Rossetti, Senior Associate of Incline Equity Partners, added, “It has been a pleasure working with Bruce and his team over the years, and we wish them all the best in their future endeavors.”
Incline completed the investment in conjunction with MTN Capital Partners.
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.