Midwest Industrial Rubber Closes Fifth Acquisition

  • News
  • May 02, 2019

Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce that its portfolio company, Midwest Industrial Rubber (“MIR” or the “Company”), has acquired The Atlanta Belting Company (“ABCo”), a specialty fabricator and distributor of lightweight conveyor belting and accessories.
ABCo provides a wide range of custom belting for multiple industries including food production, recycling, industrial manufacturing, construction and product handling.

This strategic acquisition broadens MIR’s reach and capabilities in the Southeast region, supporting the overall mission of being closer to customers. ABCo adds four branch locations, bringing MIR’s national network to twenty-nine branches.

This is the fifth acquisition for the Company in eleven months. MIR will continue to partner with lightweight conveyor belting fabricators that expand its 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 $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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