Two Additional Acquisitions by Continental Batteries
- May 02, 2019
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce that its portfolio company, Continental Batteries (“Continental” or the “Company”), has acquired Metroplex Battery and Ellis Battery, distributors of aftermarket batteries to the automotive, commercial, golf and marine markets.
This marks eight acquisitions for Continental in nine months, bringing the Company’s total footprint to fifty branches in fifteen states. Previously acquired companies include Battery Sales & Service (March 2019), Battery Distributors Inc. (February 2019), Battery Distributors SE (December 2018), Carolina Energy (August 2018), Wholesale Battery (July 2018) and Standard Battery (July 2018).
Continental remains excited to partner with U.S. or Canadian-based aftermarket battery distributors that continue to expand the Company’s geographic footprint or add reputable brands to the product portfolio.
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.