Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, proudly announces a partnership with Fond du Lac Cold Storage (“FDL” or the “Company”), a leading provider of local refrigerated logistics and storage.  Financial terms of the deal were not disclosed.

FDL provides fully refrigerated storage to its customers, specializing in wine, cheese and chocolate.  Founded in 1998, the Company offers storage and daily delivery services to markets in New Jersey, Illinois and New York.  FDL offers other value-added services such as labeling and picking and repacking.

Ted Chan, Founder and CEO, said, “Our primary customers are small to medium-sized wine importers that need a logistics supplier, but are often underserved by our competitors.  Many of our customers have grown significantly, and we are committed to growing with them. We are partnering with Incline to improve operational and delivery performance and to strengthen our ability to support our customers.”

“We were immediately attracted to the Company given our prior investments in similar distribution businesses,” said Justin Bertram, Partner with Incline.  “FDL has established tremendous trust with its customers.  We are excited to leverage our past experience to help Ted and the management team accomplish their long-term growth objectives.”


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 $50MM to $200MM 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.

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.