Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce its portfolio company, Midwest Industrial Rubber (“MIR” or the “Company”), has acquired Conveyor Belting Supply (“CBS”), a leading, independent specialty fabricator and distributor of lightweight conveyor belting and accessories.

Based in Maple Grove, MN, CBS primarily serves the markets of Minnesota and the Dakotas, markets that were previously underserved by the Company. The partnership gives MIR an anchor for expansion in these markets while providing CBS significantly enhanced resources, products and services. The Company plans to continue utilizing this strategy for growth in desirable, underserved geographies.

“We are excited to bring the CBS team onboard,” said Mike Bruhn, CEO of MIR. “The founders instilled a similar customer-centric culture built on trust, responsiveness and reliability. Their consistent and unwavering customer dedication will be enhanced by the resources of MIR. This acquisition will also allow MIR to rapidly expand into Minnesota and the Dakotas.”

Justin Bertram, Partner with Incline, added, “The lightweight belting supplier market is extremely fragmented and has a lot of companies with similar profiles to CBS. We plan to continue partnering with these companies to grow MIR.”

About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private investment firm focused on making investments in lower middle-market growth companies. We are generally seeking companies with enterprise values of $50MM to $300MM across a variety of industry sectors including specialized light manufacturing, value-added distribution and business services. Our typical investment types are ownership transitions for privately held businesses, buyouts, corporate divestitures and minority recapitalizations within the U.S. and Canada.

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.