News from Incline Equity Partners – June 7, 2016

  • News
  • June 07, 2016

Portfolio Company Dorner Manufacturing Continues International Expansion

Incline Equity Partners (“Incline”), a private equity firm focused on making investments in lower middle-market growth companies, is pleased to announce the completion of a recent add-on acquisition by existing portfolio company Dorner Manufacturing Corp (“Dorner” or the “Company”).  On May 11, 2016, Dorner acquired Jülich, Germany-based Geppert-Band (“Geppert”).

Geppert designs, manufactures and sells branded belt conveyors made from aluminum and steel for indoor applications in the food processing and packaging, automotive, metal-working, chemical and pharmaceutical industries.  Geppert serves customers in several countries including Germany, Switzerland, France, Netherlands, Austria and India.  The Geppert acquisition broadens Dorner’s geographic coverage and continues its strategy of international expansion.  In late 2015, Dorner opened an office in Burlington, ON, Canada and acquired FlexMove, a manufacturer of flexible chain conveyors based in Penang, Malaysia.

“The partnership with Geppert further strengthens our European presence and comes at a time when international growth is a primary focus,” said Terry Schadeberg, President and CEO.  “We’ve promised the international market the same fast deliveries and quality service provided domestically, and these acquisitions are representative of that commitment.”

“This milestone was particularly satisfying for us,” said Wali Bacdayan, Partner with Incline.  “International expansion was one of many initiatives identified very early in our meetings with Dorner, but it wasn’t an immediate goal given other items that took priority.  Completing the second international acquisition is indicative of all that the Company has accomplished over our four year investment period.”

Staff Updates

Jacob Fainzilberg

Jacob (Jake) Fainzilberg, Senior Associate, joined Incline in March 2016.  He is responsible for evaluating, analyzing and monitoring investments made by the firm.

Prior to joining Incline, Jake was an Associate at Global Infrastructure Partners where he evaluated investments in energy, power and transportation infrastructure.  Before that, he was an Analyst in the Diversified Industries Investment Banking Group at J.P. Morgan.

Jake received a B.A. in economics and mathematics from Dartmouth College and an M.B.A. from the Wharton School at the University of Pennsylvania.

Jake has portfolio coverage responsibilities for AFC Holdings and Double E Company.

 

Kelly M. Dane, Associate, joined Incline in April 2016.  She is responsible for evaluating, analyzing and monitoring investments made by the firm.

Prior to joining Incline, Kelly was an Analyst at Jefferies, LLC where she focused on the origination, structuring and underwriting of high yield and leveraged loan financings for leveraged buyouts, acquisitions, corporate financings and recapitalizations.  Before that, Kelly was an Associate in the Corporate and Institutional Banking division of PNC Bank where she focused on providing senior debt financings to companies in the energy, metals and mining industries.

Kelly graduated cum laude from the University of Pittsburgh with a B.S. in Business Administration – Concentration in Finance.

Kelly has portfolio coverage responsibilities for Oracle Elevator, Hartland Controls, Revolution Dancewear and Rotating Machinery Services.

 

Recapitalizations

In partnership with Twin Brook Capital Partners, Incline recently completed recapitalizations for Bacharach and Oracle Elevator.

  

 

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 $150MM 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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