Fifth Acquisition by Continental Batteries

  • News
  • February 14, 2019

Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce its portfolio company, Continental Batteries (“Continental”), has acquired Battery Distributors Inc. (“BDI” or the “Company”), a leading distributor of aftermarket batteries to the automotive, commercial, golf and marine markets.

Based in Atlanta, GA, BDI has been serving the Georgia market for over 30 years.  The Company sells and services specialty batteries, battery products, chargers and testers.  BDI also provides highly technical sales support to customers.

“Expansion into the Atlanta market was a priority for us.  It is important to add branch locations in metropolitan cities given our high-touch delivery and collection model,” said Eric Royse, CEO of Continental. “BDI shares Continental’s commitment to providing service, quality and value to its customers.”

Incline invested in Continental in December 2017.  BDI marks the fifth add-on acquisition since Incline’s original investment.  Previously acquired companies include: Wholesale Battery (Baton Rouge, LA), Standard Battery (Kansas City, MO), Carolina Energy (Ft. Mill, SC) and Battery Distributors SE (Jacksonville, FL).

“We are keenly focused on growth through the continued consolidation of the highly fragmented aftermarket battery industry. We plan to partner with other companies like BDI that complement Continental’s product offering and/or expand its geographic reach,” said John Morley, Managing Director of Incline.

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 $25MM 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.

Disclaimer:
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.

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