Incline Equity Partners (“Incline”), a private equity firm focused on making investments in lower middle-market growth companies, announces the sale of Bacharach Holding Corp. (“Bacharach” or the “Company”), a leading manufacturer and developer of test and measurement instrumentation, and software focused on the detection, measurement and monitoring of various gases and associated infrastructure. Terms of the transaction were not disclosed.
Bacharach, founded in 1909 and headquartered in New Kensington, Pennsylvania, has an extensive product line that enables customers to enhance productivity and efficiency while maintaining compliance with regulatory standards. The Company also provides a cloud based software platform that aggregates data across the facility and a technical support team that assists customers with onsite monitoring and support services.
“We are proud of the Company’s accomplishments during our partnership,” said Wali Bacdayan, Partner with Incline. “The management team saw an opportunity to serve the global market. To do so, we expanded the manufacturing footprint and sales channels through two highly accretive international acquisitions, built out the sales and marketing organization to support the growth and added several executives to the management team.”
Through Incline’s ownership, the Company nearly doubled in size and significantly improved its profitability. “We knew the business could be more profitable,” said Justin Bertram, Partner with Incline. “We worked with the management team to run an assessment of our product offerings. We were able to refocus new product development resources on highly technical, higher margin instrumentation and less so on low margin, commodity product lines.”
“Incline gave us the support necessary to transform the business from a hand-held gas detection manufacturer to a global supplier of fixed and portable instrumentation,” said Doug Keeports, President and CEO of Bacharach. “Additionally, they helped us streamline and expand operations to support the substantial growth we were able to achieve together.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $50MM to $200MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.
Incline Management Corporation (“IMC”) 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. IMC provides investment advisory services only to privately offered funds. IMC 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 IMC client fund or investor and do not describe any experience with or endorsement of IMC as an investment adviser by any such client or investor.