Transaction Dynamics

A recapitalization of the company in partnership with the owner and management.  The owner and management invested significant proceeds in the transaction.

Investment Thesis

• Established player in a highly-fragmented, niche space
• Recession resistant end market with attractive tailwinds
• Loyal customer base generating stable, reoccurring revenue
• Multiple growth levers including executing acquisitions and investing in both resources and new product development

Incline Value Enhancement

• Pursue add-on acquisitions to expand geographic footprint
• Invest in new product development to expand suite of services for new and existing customers
• Improve internal systems to enhance reporting capabilities and optimize field operations