Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce the sale of Hartland Controls (“Hartland” or the “Company”), a leader in the design and manufacture of mission critical custom electrical control solutions and engineered assemblies.
Headquartered in Rock Falls, IL, Hartland is a premier supplier of electrical system components to the HVAC, refrigeration, overhead door, irrigation, pool and spa, welding, water heating and other aftermarket applications that require reliable starting and safe stopping. The Company engineers, manufactures and tests electrical components to the most rigorous domestic and international standards.
“We are pleased to have partnered with the team at Hartland, and we are proud of what we were able to achieve together,” said Leon Rubinov, Senior Partner with Incline. “We supported the business through a critical phase of development to ensure it was well-positioned for growth as the founder transitioned out of the business. In addition to installing a professional management team, we expanded the product portfolio and developed a more diversified, global supplier base.”
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.