Buyout (LBO, MBO, MBI) • Test/Measurement Equipment

Incline Equity Partners, Crescentia Capital and Apogem Capital Acquire Bacharach

On September 18, 2007, private equity firm Incline Equity Partners, private equity firm Crescentia Capital and asset manager Apogem Capital acquired test/measurement equipment company Bacharach

Acquisition Context
  • This is Incline Equity Partners’ 1st, Crescentia Capital’s 1st and Apogem Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Incline Equity Partners’ 15th, Crescentia Capital’s 2nd and Apogem Capital’s 10th transaction in the United States.
  • This is Incline Equity Partners’ 5th, Crescentia Capital’s 1st and Apogem Capital’s 1st transaction in Pennsylvania.
Investment Fate
  • Bacharach was sold to a consortium of financial buyers in 2017.
  • Bacharach was sold to a strategic buyer in 2021 for 337M USD.

Explore All 156 Buyout (LBO, MBO, MBI) Test/Measurement Equipment Deals - Search the Database Free


M&A Deal Summary

Date September 18, 2007
Target Bacharach
Sector Test/Measurement Equipment
Buyer(s) Incline Equity Partners
Crescentia Capital
Apogem Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Bacharach

Kensington, Pennsylvania, United States
Bacharach is a designer and manufacturer of gas test and measurement (“T&M”) instrumentation for commercial refrigeration and HVAC equipment, and also develops performance management software for its monitoring products. Bacharach was founded in 1909 and is based in Kensington, Pennsylvania.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 3

Buyer

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


Deal Context for Buyer #
Overall 15 of 74
Sector: Test/Measurement Equipment 1 of 3
Type: Buyout (LBO, MBO, MBI) 2 of 20
State: Pennsylvania 5 of 9
Country: United States 15 of 72
Year: 2007 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Mainline Supply Co.

Dayton, Ohio, United States

Mainline Supply Company is the leading wholesale distributors of underground infrastructure products in the Southeast. The company's customer base includes municiaplities, developers and utility contractors involved in residential, commercial and municipal construction projects. Mainline distributes nearly 9,000 SKUs to approximately 1,800 customers through 16 branch locations in seven states in the Southeast and Mid-Atlantic regions. The company is headquartered in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-19 LSO

Plano, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.

Buy $16M
Buyer

Crescentia Capital

Towson, Maryland, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 635M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crescentia Capital is the equity buyout arm of Calvert Street Investment Partners. The firm focuses on lower middle-market investments in industrial services, infrastructure services, and specialty manufacturing. Crescentia Capital focuses on companies with EBITDA between $3 million and $15 million. Crescentia Capital was formed in 1995 and is based in Towson, Maryland.


Deal Context for Buyer #
Overall 2 of 22
Sector: Test/Measurement Equipment 1 of 3
Type: Buyout (LBO, MBO, MBI) 1 of 9
State: Pennsylvania 1 of 1
Country: United States 2 of 21
Year: 2007 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-05 CBSA Performax

Englewood, Colorado, United States

CBSA Performax is a national developer, manager and administrator of employee health and benefit plans. CBSA Performax offers customized health care and benefit solutions to small to mid-sized companies with 50 to 500 employees.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 BGSF

Plano, Texas, United States

BGSF provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands. BGSF was founded in 2007 and is based in Plano, Texas.

Buy -
Buyer

Apogem Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


Deal Context for Buyer #
Overall 10 of 70
Sector: Test/Measurement Equipment 1 of 1
Type: Buyout (LBO, MBO, MBI) 4 of 22
State: Pennsylvania 1 of 3
Country: United States 10 of 70
Year: 2007 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 Inscape Publishing

Minneapolis, Minnesota, United States

Inscape Publishing is a specialized publisher of soft skills training material used by independent training consultants, corporations and their employees worldwide. Most of its products are self-administered, self-scoring assessment tools such as the DiSC theory of personality.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Cape Electrical Supply

Cape Girardeau, Missouri, United States

Cape Electrical Supply is a distributor of electrical and communications products to commercial, industrial, residential, institutional, and utility customers.

Buy -