Sixth Acquisition by Continental Batteries
- March 14, 2019
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce Continental Batteries’ (“Continental”) sixth acquisition in just over seven months. Continental has acquired Battery Sales & Service (“BSS” or the “Company”), a full-service aftermarket battery distributor to the automotive, commercial, solar, golf and marine markets.
Headquartered in Memphis, TN, BSS has been serving the Mid-South and Gulf Coast markets since 1995. BSS is a well-recognized name in the battery industry built through a commitment of providing superior products and quality, high-touch service. The Company also offers route services to customers where they inventory batteries, rotate stock and dispose of junk batteries in accordance with EPA guidelines.
“The geographic footprint and assortment of reputable brands of BSS are the perfect complements to our network and fit our overall strategic growth plans,” said Eric Royse, CEO of Continental. “The acquisition of BSS adds eight branch locations, expanding Continental’s market presence to forty-two branches across fifteen states.”
“We remain enthusiastic about the ability to continue consolidating the highly fragmented aftermarket battery industry. Through partnerships with companies like BSS, we can quickly strengthen product and service offerings while more effectively serving customers,” said Jack Glover, Managing Partner of Incline.
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.
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.