Incline Equity Teams with Management to Recapitalize Dorner Mfg. Corp.

  • News
  • June 18, 2012

Incline Equity Partners announced today its partnership with Hartland, WI-based Dorner Mfg. Corp. (“Dorner”), a leading designer, manufacturer, and supplier of unit handling conveyor systems and components parts used to address automation needs in industrial, packaging, food, medical, and pharmaceutical end markets.

Founded in 1969 by members of the Dorner family, Dorner is a leader in the high performance conveying equipment sector, having developed a robust product line that features everything from heavy-duty industrial aluminum conveyors to low-profile stainless steel conveyors used in sanitary environments.

“Dorner has established a strong brand name in the unit handling conveyor industry,” said Wali Bacdayan, Partner of Incline Equity Partners. “The Company has built a strong reputation by developing innovative products that resolve customers’ process automation challenges, enhancing productivity and delivering efficiency gains in a broad range of commercial and industrial applications.”

Dorner manufactures both built-to-order and engineered-to-order conveyors and sells to a diversified customer base of channel partners, OEMs, and systems integrators. In addition, the Company maintains a large and growing installed base of conveyors which require replacement parts and service. Dorner delivers products within best-in-class service times and backed by an industry-leading 10 year warranty which results from the Company’s customer-focused culture and commitment to lean manufacturing principles.

“We have been particularly impressed by Dorner’s strong management team, best-in-class manufacturing operations, and growth prospects,” said Justin Bertram, Partner of Incline Equity Partners. “We look forward to supporting management’s efforts to achieve various growth initiatives as well as to pursue strategic acquisitions in certain target areas.”

“The management team and I are excited about our partnership with the Incline team,” said Rich Ryan, CEO of Dorner. “With Incline’s support, we are well-positioned to invest in or acquire the appropriate resources needed to better service our existing customers as well as to support our growth into new product areas, end markets, and geographies.”

 

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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