Transaction Dynamics

A partnership with management to capitalize the business. Management made a meaningful investment in the company as part of the transaction.

Investment Thesis

• Recurring revenue model driven by consumable product set
• Highly diversified across customers, vendors and products
• Opportunities to drive organic growth through geographic expansion and sales force expansion
• Fragmented market with numerous add-on acquisition opportunities

Incline Value Enhancement

• Pursue strategic add-on acquisitions
• Add management infrastructure to support growth
• Support operational improvements including investments in technology to drive efficiencies
• Pursue greenfield expansion opportunities