M&A Deal Summary

New Mountain Capital Acquires Profile

On November 16, 2021, private equity firm New Mountain Capital acquired manufacturer Profile from Incline Equity Partners

Acquisition Highlights
  • This is New Mountain Capital’s 2nd transaction in the Manufacturing sector.
  • This is New Mountain Capital’s 74th transaction in the United States.
  • This is New Mountain Capital’s 5th transaction in Illinois.

M&A Deal Summary
Date 2021-11-16
Target Profile
Sector Manufacturing
Buyer(s) New Mountain Capital
Sellers(s) Incline Equity Partners
Deal Type Secondary Buyout

Target

Profile

Buffalo Grove, Illinois, United States
Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 78 of 95
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 31 of 38
State (Illinois) 5 of 8
Country (United States) 74 of 90
Year (2021) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 TRC

Windsor, Connecticut, United States

TRC is a global firm providing environmentally focused and digitally powered solutions that address the local needs of clients in consulting, construction, engineering, and management services, combining science with the latest technology to devise solutions that stand the test of time. TRC’s nearly 6,000 professionals serve a broad range of public and private clients, steering complex projects from conception to completion to help solve the toughest challenges. TRC was formed in 1969 and is based in Windsor, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Cumming Group

Seattle, Washington, United States

Cumming Group is a provider of efficient and cost-effective solutions to ensure that projects in the aviation, corporate office, culture, education, data center, healthcare, hospitality, life sciences, manufacturing, public works, and retail sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges, thus enabling them to achieve extraordinary results. Cumming Group was founded in 1996 and headquartered in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

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 37 of 39
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 22 of 24
State (Illinois) 3 of 3
Country (United States) 36 of 38
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 BFG Supply

Burton, Ohio, United States

BFG Supply distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed, and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels. BFG Supply was founded in 1972 and is based in Burton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Specialty Products & Insulation

Charlotte, North Carolina, United States

Specialty Products & Insulation is a value-added distributor and fabricator of insulation and complementary products for the commercial, industrial and residential markets. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company currently operates 59 distribution branches and 16 co-located fabrication facilities and sells to over 3,500 contractors in the U.S. and Canada. Specialty Products & Insulation was founded in 1982 and is based in Charlotte, North Carolina.

Buy -
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