Incline Equity Partners (“Incline”), a private equity firm focused on making investments in lower middle-market growth companies, announces its platform company, Dorner Manufacturing Corp. (“Dorner” or the “Company”), an industry leader in the design, applications, manufacturing and integration of precision industrial and sanitary conveyor systems, has acquired FlexMove System (M) SDN. BHD (“FlexMove”). Penang, Malaysia-based FlexMove is a leading manufacturer of flexible chain conveyors for food, beverage, automotive, electronic and other industries.
The FlexMove acquisition serves as a platform for Dorner’s international growth in Asia and Europe. The geographic expansion was further bolstered by adding flexible chain conveyors to the Dorner suite of products. These conveyors strengthen the Company’s offerings for applications with turns and elevation changes.
“We’re excited to have a company join us whose product design and quality are in line with Dorner’s,” said Terry Schadeberg, President and CEO. “We continue to see growth in international markets, and the addition of FlexMove solidifies our commitment to serving the European and Asian markets. Incline’s support and expertise as we navigated our first international acquisition were crucial at every step of the transaction.”
“We will continue to support the team’s evaluation of companies that further build out the international footprint,” said Wali Bacdayan, Partner with Incline. “Dorner is already a globally recognized brand. Having facilities in strategic international locations allows us to better serve existing clients while more efficiently increasing market share.”
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 $150MM 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.
Disclaimer:
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.
