Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the acquisition of BFG Supply (the “Company” or “BFG”), a provider of third-party and proprietary branded products to professional growers, lawn & garden centers, and other green industry participants.
Based in Burton, OH, BFG distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels.
“With over 10,000 SKUs, BFG’s comprehensive product offering provides a differentiated, all-inclusive solution to the market,” said Tom Ritchie, Partner at Incline. “Additionally, BFG’s best-in-class ordering platform and market-leading customer service has led to recurring orders from longstanding customer relationships. We are excited to partner with the BFG management team to support the Company’s continued growth through geographic and product expansion as well as strategic add-on acquisitions.”
“Incline has a proven track record of working with similar businesses to accelerate growth through investments in technology to streamline operations and further enhance customer service,” said Dave Daily, President and CEO of BFG. “Incline’s expertise is the perfect overlap with our strategic needs, and their approach to partnership aligned well with us culturally. We are excited to work with the entire Incline team going forward.”
The transaction marks the second platform acquisition for Incline’s lower middle market fund extension, Incline Elevate Fund, L.P.
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures 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.