Bacharach

The Story

Founded locally in 1909, Bacharach, Inc. is now a long-standing world leader in the design, manufacture, and service of advanced test and measurement instrumentation primarily for the HVAC/R industry. The company’s extensive product line includes instruments that detect, measure, and record combustion, refrigerants, and environmental gases.

Transaction Dynamics 

A partnership with management to acquire the company from a family owner.  Incline recruited an experienced CEO and management team to run the business.

Investment Thesis

  • Strong brand name and only market participant with product line breadth
  • Impact of pollution and greenhouse gases expected to drive further environmental regulation and monitoring
  • Opportunity to improve under-managed business
  • Attractive exit opportunities with both financial and strategic buyers

Incline Value Enhancement

  • Completed add-on acquisition of Murco Ltd. in Ireland in June 2011; currently evaluating several other opportunities
  • Upgraded management resources and installed board members to provide strategic guidance
  • Invested significant capital to reinvigorate product line and strengthen sales, marketing, and operations functions
  • Broadened product offering through select internal product development efforts as well as through private label and other re-distribution efforts

Headquarters

New Kensington, PA

Industry

Specialized Light Manufacturing

Investment Date

September 2007

Status

Realized

Fund

II

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