Charter Industries

Charter Industries is a leading supplier of PVC and wood edgebanding, T-molding, adhesives and other complementary products to specialty carpenters and OEMs.

How We Partnered

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

  • Drive M&A activity
  • Support organic growth within existing footprint and new geographies
  • Assist in developing new product offerings and driving adoption rates and basket size
  • Develop and augment management team to support future growth
Key Details

HEADQUARTERS
Grand Rapids, MI

STAGE
Active

INDUSTRY
Value-Added Distribution

INVESTMENT DATE
November 2018

“We are proud to be a trusted supplier in the market. For almost 30 years, we have focused our efforts on continually growing a better business for customers and employees. With Incline as our partner, we will be able to leverage their experience to assess new avenues for growth, particularly in acquisitions and new product additions.”

Pete Eardley

Founder and Chief Executive Officer