M&A Deal Summary

Incline Equity Partners Acquires Midwest Industrial Rubber

On December 8, 2016, private equity firm Incline Equity Partners acquired machinery company Midwest Industrial Rubber for 71M USD

Acquisition Highlights
  • This is Incline Equity Partners’ 3rd transaction in the Machinery sector.
  • This is Incline Equity Partners’ largest (disclosed) transaction.
  • This is Incline Equity Partners’ 33rd transaction in the United States.
  • This is Incline Equity Partners’ 1st transaction in Missouri.
Investment Fate
  • Midwest Industrial Rubber was sold to a strategic buyer in 2020.

M&A Deal Summary
Date 2016-12-08
Target Midwest Industrial Rubber
Sector Machinery
Buyer(s) Incline Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 71M USD

Target

Midwest Industrial Rubber

St. Louis, Missouri, United States
Midwest Industrial Rubber is a provider of industrial maintenance, repair, and operations products, specializing in the fabrication and distribution of lightweight conveyor belting and related conveyor components and accessories. MIR is the largest independent lightweight belting fabricator/distributor in the U.S. and holds a sustainable, differentiated position as the value and service leader in its marketplace. Midwest Industrial Rubber was founded in 1980 and is based in St. Louis, Missouri.

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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 34 of 73
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 8 of 20
State (Missouri) 1 of 2
Country (United States) 33 of 71
Year (2016) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Empower Brands

Glen Allen, Virginia, United States

Empower Brands is a multi-brand franchise platform focused on commercial and residential services with core offerings including cleaning, restoration, virtual office services, outdoor living space construction, outdoor lighting, and irrigation services. Empower Brands was founded in 1991 and is based in Glen Allen, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Dorner Mfg.

Hartland, Wisconsin, United States

Dorner Mfg. Corp. is a US-based major global provider of purpose-built, high-quality precision conveyor systems utilized in process automation operations to enhance productivity, quality, and profitability throughout the production process. Dorner Mfg. Corp was formed in 1996 and is based in Hartland, Wisconsin.

Sell -
Mergr

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