M&A Deal Summary

Incline Equity Partners Acquires Montgomery DME

On August 4, 2022, private equity firm Incline Equity Partners acquired healthcare services company Montgomery DME from Monument Microcap Partners

Acquisition Highlights
  • This is Incline Equity Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Incline Equity Partners’ 60th transaction in the United States.
  • This is Incline Equity Partners’ 5th transaction in California.

M&A Deal Summary

Date 2022-08-04
Target Montgomery DME
Sector Healthcare Services
Buyer(s) Incline Equity Partners
Sellers(s) Monument Microcap Partners
Deal Type Secondary Buyout
Advisor(s) TM Capital Corp. (Financial)

Target

Montgomery DME

Santa Fe Springs, California, United States
Montgomery DME is a provider of DME on a rental basis to hospices located primarily in Los Angeles and surrounding counties. The Company rents and services equipment such as hospital beds, wheelchairs, oxygen concentrators, oxygen tanks, and recliners. MDME currently services approximately 3,000 hospice patients. Montgomery DME was founded in 1996 and is based in Santa Fe Springs, California.

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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 61 of 73
Sector (Healthcare Services) 2 of 4
Type (Secondary Buyout) 19 of 23
State (California) 5 of 5
Country (United States) 60 of 71
Year (2022) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Raney s

Ocala, Florida, United States

Raney's is an e-commerce distributor of aftermarket heavy-duty truck parts and accessories. Raney's store thousands of parts in its own warehouses so that can make sure orders are packaged well and shipped quickly. Raney's is based in Ocala, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Industrial Air Flow Dynamics

Cleveland, Texas, United States

Industrial Air Flow Dynamics is a provider of non-turbine maintenance solutions and replacement parts to power plants. Industrial Air Flow Dynamics was founded in 2001 and is based in Cleveland, Texas.

Buy -

Seller(S) 1

DESCRIPTION

Monument Microcap Partners is a private investment firm focused on acquiring small ($1 to $5 million of EBITDA) businesses throughout the US and Canada. The Firm looks to partner with and work alongside management to pursue growth opportunities (organic and add-ons) as well as improve operations. Broad areas of interest include niche manufacturing, business services, and value-added distribution. Monument Microcap Partners was established in 2018 and is headquartered in Indianapolis, Indiana.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Renovate America

Tremonton, Utah, United States

Renovate America is a specialty interior building products component platform selling directly to professional installers, assemblers, and manufacturers, primarily addressing residential interior renovations. Renovate America is based in Tremonton, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 EarthWay

Bristol, Indiana, United States

EarthWay is a manufacturer and innovator of precision lawn & garden products including spreaders, gardening tools, ice control equipment, and related accessories. It serves professional turf managers, master gardeners, snow removal professionals, and chemical applicators across both commercial and consumer sales channels. EarthWay is based in Bristol, Indiana.

Buy -