MidWest Industrial Rubber, Inc.
Midwest Industrial Rubber is a leading value-added supplier of lightweight conveyor belting and related components.
A partnership with management to purchase the company from the founders. Management made a significant investment in the company as part of the transaction.
- Non-cyclical revenue profile due to highly stable end markets of food manufacturing, personal hygiene and corrugated packaging
- Recurring, diversified revenue base demonstrated by highly recurring order patterns, low customer concentration and very low customer churn
- Multiple growth levers including buildout of existing locations, opening of new locations and M&A driven by fragmented market
- Differentiated service offering demonstrated by best-in-class quality, technical knowledge, 24/7 service and lead times
- Attractive margins, cash flow characteristics and deal dynamics
Incline Value Enhancement
- Support organic expansion in existing and new markets
- Drive M&A activity
- Enhance salesperson hiring and training processes
- Develop second layer of management to better support C-suite
St. Louis, MO
We are well-positioned for multiple avenues of growth. Incline has a history of helping companies like ours prioritize and plan growth initiatives. That experience should allow us to grow faster and expand our national footprint.Mike Bruhn, Chief Executive Officer