M&A Deal Summary

Incline Equity Partners Acquires AquaPhoenix Scientific

On August 10, 2021, private equity firm Incline Equity Partners acquired test/measurement equipment company AquaPhoenix Scientific

Acquisition Highlights
  • This is Incline Equity Partners’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Incline Equity Partners’ 52nd transaction in the United States.
  • This is Incline Equity Partners’ 7th transaction in Pennsylvania.

M&A Deal Summary

Date 2021-08-10
Target AquaPhoenix Scientific
Sector Test/Measurement Equipment
Buyer(s) Incline Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AquaPhoenix Scientific

Hanover, Pennsylvania, United States
AquaPhoenix Scientific is a provider of water testing kits, calibration reagents, and feed and control equipment for companies servicing industrial boilers and cooling towers. Additionally, the Company works with curriculum developers to source, assemble and distribute chemistry, biology, and physics education kits. AquaPhoenix Scientific was established in 2003 and is based in Hanover, Pennsylvania.

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Buyer(S) 1

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 STATS #
Overall 53 of 73
Sector (Test/Measurement Equipment) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 13 of 20
State (Pennsylvania) 7 of 9
Country (United States) 52 of 71
Year (2021) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Edko

Bossier City, Louisiana, United States

Edko assists its customers in planning and implementing comprehensive and effective herbicide-based treatment programs that are both environmentally friendly and cost-efficient. The Company currently operates 14 branch locations serving 25 states. Edko is headquartered in Bossier City, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Road Tested Parts

Carnesville, Georgia, United States

Road Tested Parts is a value-added distributor of recycled OEM auto parts to collision and mechanical repair shops throughout the southeast United States. Road Tested Parts is based in Carnesville, Georgia.

Buy -