Midwest Industrial Rubber
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce its portfolio company, Midwest Industrial Rubber (“MIR”), a leading fabricator and distributor of lightweight conveyor belting and related components, has acquired Van Con, Inc. (“Van Con”). This marks the third add-on acquisition for MIR in under four months.

Van Con, based outside of Detroit, Michigan, is a distributor of conveyor belting for the food, paper, industrial and automotive industries.

“The acquisition expands our geographical footprint into the Michigan region and our capabilities in the automotive end market,” said Brian McSharry, CEO of MIR. “This supports our strategy of delivering superior service through proximity to our customers.”

“We are thrilled to complete our third acquisition at MIR in a short period of time,” said Jack Glover, Partner with Incline. “Growth through acquisition is an important component of our strategy. We are continually looking for companies that expand MIR’s geographic footprint, add product lines or open the door to new end markets.”

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.