Incline Equity Completes Third Add-on Acquisition for Wheaton Industries

  • News
  • December 12, 2012

Incline Equity Partners and portfolio company Wheaton Industries Inc. (“Wheaton”) announced today the acquisition of MicroLiter Analytical Supplies, Inc. (“MicroLiter”), a leading supplier of chromatography sample vials and accessories.

This is the third add-on acquisition for Wheaton Industries since Incline Equity’s initial investment in June 2010. Wheaton acquired Laboratory Sales Limited (LSL), a manufacturer and marketer of laboratory consumables, in February 2011. LSL, now doing business as WHEATON UK, is based in Rochdale, United Kingdom. In July 2012, Wheaton acquired CELLine, a manufacturer of disposable cell culture flasks.

MicroLiter, headquartered in Suwanee, Georgia, was founded in 1996 to provide high-quality consumable products to the chromatography market. Its product line includes glass autosampler vials, inserts, septa and closures, and the MicroLiter Plate Sampling System, a patented design that brings a 96-well, multi-array sample handling format for chromatography autosamplers.

“The MicroLiter acquisition is highly complementary to our core business as it enables Wheaton to better serve the fast-growing High Performance Liquid Chromatography (HPLC) market,” said Jack Glover, Partner of Incline Equity Partners and Wheaton director.

“The MicroLiter product portfolio is a great addition to Wheaton’s existing life sciences business,” said Jeff Huss, Senior Associate of Incline Equity Partners and Wheaton director. “With the support of Wheaton management, we continue to seek unique acquisition opportunities like MicroLiter that allow the company to expand into new market segments within the global laboratory supply market.”

 

About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $30MM to $125MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business and industrial services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.

 

Disclaimer
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.

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