Transaction Dynamics

A partnership with management to acquire the Company from family ownership. Management made a meaningful investment in the company as part of the transaction.

Investment Thesis

• Strong customer value proposition owing to technical knowledge (color matching), rapid delivery and expeditious service
• Extremely efficient operations enabled by proprietary technology and backed by decades of founder / management experience
• Diversified and fragmented customer base catering to attractive end markets
• Multiple growth levers including M&A and entering adjacent end markets, products and geographies

Incline Value Enhancement

• Scaled to become North American market leader in Edgebanding manufacturing and distribution
• Completed 2 acquisitions, adding in-house production capabilities to distribution model
• Introduced new product adjacencies, including hardware and adhesives
• Built out management team to drive professionalization within the organization