Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its portfolio company, Profile Products (“Profile”), has acquired Sunterra Horticulture (“Sunterra” or the “Company”).
Profile is a global developer and manufacturer of engineered horticultural growing media, erosion control products and soil amendments. The acquisition of Sunterra, a major producer of professional-grade sphagnum peat moss, includes all product lines as well as the Company’s state-of-the-art facilities in Saskatchewan and Manitoba, Canada. The new products augment Profile’s rapidly growing horticulture line, including HydraFiber, the most advanced engineered substrate for consistency, porosity and water availability.
“We’re excited to merge two of the most innovative players in the horticulture substrate market,” said Jim Tanner, President and CEO of Profile Products. “Sunterra provides high quality peat moss in North America and has an excellent team and modern facilities that complement our production. The acquisition enhances our partnership with growers who make their own mixes and blenders that rely on us for high quality raw materials.”
Joe Choorapuzha, Partner at Incline, added, “Sunterra joins Profile’s extensive global product portfolio, allowing us to deliver a broader range of solutions and services to support customers with their horticulture needs. We are proud of our strong market presence and will continue to add products that expand our existing portfolio.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.