Incline Exits Ned Stevens
- October 01, 2019
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the sale of Ned Stevens (“Ned” or the “Company”), a leading provider of full-service residential gutter cleaning and essential exterior services. Incline invested in the Company in 2016.
Founded in 1965, Ned services a loyal, recurring customer base in 15 states across the country. Ned values providing exceptional service quality and as a result has developed a best-in-class brand for exterior home services. Through its partnership with Incline, the Company grew significantly by entering new markets and adding complementary service offerings.
Rob Rapuano, Chief Executive Officer at Ned Stevens, said, “In a very short period, Incline helped us transform the business through strategic investments in expanding the management team, re-developing the marketing strategy, enhancing the pricing program and upgrading the technology platform. We thank Incline for taking the time to truly understand our unique business, and for giving us all the tools, guidance and support we ever wanted or needed. Our growth and success are a reflection of a great partnership.”
“We are very proud of what we accomplished working together with Rob and the entire management team at Ned,” said Leon Rubinov, Senior Partner at Incline. “Having nearly doubled the size of the business, the Company is in a very strong position to continue their growth far into the future.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $300 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
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.