Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce the sale of Wholesale Supplies Plus (“WSP” or the “Company”), a leading e-commerce provider of ingredients and supplies to commercial artisans who create personal care, beauty and home fragrance products. Incline invested in the Company in May 2019.
Headquartered in Cleveland, OH, WSP provides high-quality raw materials, supplies and packaging for soap, skincare and candle artisans. The Company’s broad product assortment and complementary support enable an expanding artisan community to meet growing consumer demand for authentic, local and clean label personal products.
“We are extremely proud of what the WSP team has accomplished in such a short time under our ownership,” said Evan Weinstein, Partner at Incline. “The upfront investments we made to build out the leadership team and optimize processes positioned the Company for accelerated organic growth and enabled the team to complete five strategic add-on acquisitions. We wish Sam Solomon and everyone at WSP all the best as the Company continues to define the industry it helped create.”
Sam Solomon, CEO of WSP, said, “Incline’s partnership allowed us to complete several major marketing and operations initiatives that enhanced the Company’s industry-leading position. Over the last two years, we nearly tripled our customer base and revenue while expanding into new product categories to help our artisan customers become more successful. I am proud of the WSP team’s commitment to excellence and am incredibly excited about the Company’s future.”
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.