Transaction Dynamics:

A partnership with management to acquire the Company from its previous private equity owner. Management, including the original founder, made a significant investment in the company as part of the transaction.

Investment Thesis

• Durable business diversified across customer, supplier, end market and geography
• High frequency purchases where service and quality are more important drivers than price
• Omni-channel distribution focused on customer service and industry-leading delivery times and product availability
• Value-add services including custom kitting solutions, in-house training capabilities and proprietary online ordering system drive sticky customer relationships
• Favorable long-term market demand trends driven by infrastructure investments and MRO across multiple end markets

Incline Value Enhancement:

• Invest in go-to-market and increase SKU catalog with technical equipment and consumable products to drive growth in new and existing end markets
• Pursue strategic M&A opportunities in new product categories and end markets
• Evaluate current facility footprint and potential for network optimization
• Improve order fulfillment capabilities to streamline operations and expedite delivery to customers