Incline Equity Partners Successfully Completes Sale of Charter Industries, Marking Growth in Edgebanding Solutions Market
Incline Equity Partners, a prominent private equity firm focused on the middle market, has officially announced the sale of Charter Industries, a leading provider of edgebanding solutions based in Grand Rapids, Michigan. This strategic decision is part of Incline's commitment to investing in growing companies that demonstrate significant value across various industries.
Charter Industries specializes in supplying PVC and wood edgebanding products, T-molding, adhesives, and hardware to casegood providers, fabricators, OEMs, and distributors across North America. With a focus on customer service, the company has notably improved its logistics capabilities, featuring a two-day delivery system from its seven distribution centers. This rapid delivery service has been a game changer for sectors that require timely solutions, including healthcare, education, and hospitality.
As stated by Todd Shelton, CEO of Charter Industries, the growth achieved in partnership with Incline has positioned Charter as a leading market player in what he refers to as the 'need-it-now' edgebanding solutions space. Notably, the collaboration facilitated the addition of in-house production capabilities, thereby enhancing operational efficiencies and allowing Charter to provide high-quality customization options through Teknaform products.
Since teaming up with Incline, Charter Industries has reported a remarkable increase in revenue, nearly tripling its income. John Morley, Partner at Incline, emphasized the importance of this growth, noting how the two companies worked closely to strengthen Charter's sales strategies while exploring new product opportunities within adjacent markets.
Charter's transformation underscores Incline's strategy of investing in companies that are not just sustainable but are also positioned for substantial growth. By refining its sales functions and enhancing product offerings, Charter Industries has successfully expanded its reach in the market.
Incline Equity Partners has made its mark in the investment sector with a focus on middle-market businesses primarily valued between $25 million and $750 million. The firm's investment strategies encompass ownership transitions for privately held companies, corporate divestiture, and strategic buyouts across the United States and Canada. Their approach aims to foster growth by identifying and nurturing competencies within portfolio companies.
As the investment landscape evolves, Incline Equity Partners' successful sale of Charter Industries stands as a testament to its adeptness in identifying lucrative investment avenues and nurturing them to fruition. This sale not only highlights Incline's commitment to improving portfolio performance but also showcases Charter's significant advancements in the edgebanding products segment.
In summary, Incline’s transaction with Charter Industries reflects its ongoing strategy to leverage its expertise in private equity for enabling substantial growth in the middle market. With Charter now positioned for exciting new opportunities, Incline is set to continue its track record of successfully improving the operational and financial standing of its portfolio companies, establishing a competitive advantage in the private equity arena.
Charter Industries: An Overview
Charter Industries specializes in supplying PVC and wood edgebanding products, T-molding, adhesives, and hardware to casegood providers, fabricators, OEMs, and distributors across North America. With a focus on customer service, the company has notably improved its logistics capabilities, featuring a two-day delivery system from its seven distribution centers. This rapid delivery service has been a game changer for sectors that require timely solutions, including healthcare, education, and hospitality.
As stated by Todd Shelton, CEO of Charter Industries, the growth achieved in partnership with Incline has positioned Charter as a leading market player in what he refers to as the 'need-it-now' edgebanding solutions space. Notably, the collaboration facilitated the addition of in-house production capabilities, thereby enhancing operational efficiencies and allowing Charter to provide high-quality customization options through Teknaform products.
Significant Growth Under Incline’s Guidance
Since teaming up with Incline, Charter Industries has reported a remarkable increase in revenue, nearly tripling its income. John Morley, Partner at Incline, emphasized the importance of this growth, noting how the two companies worked closely to strengthen Charter's sales strategies while exploring new product opportunities within adjacent markets.
Charter's transformation underscores Incline's strategy of investing in companies that are not just sustainable but are also positioned for substantial growth. By refining its sales functions and enhancing product offerings, Charter Industries has successfully expanded its reach in the market.
Incline Equity Partners: A Leader in Private Equity
Incline Equity Partners has made its mark in the investment sector with a focus on middle-market businesses primarily valued between $25 million and $750 million. The firm's investment strategies encompass ownership transitions for privately held companies, corporate divestiture, and strategic buyouts across the United States and Canada. Their approach aims to foster growth by identifying and nurturing competencies within portfolio companies.
As the investment landscape evolves, Incline Equity Partners' successful sale of Charter Industries stands as a testament to its adeptness in identifying lucrative investment avenues and nurturing them to fruition. This sale not only highlights Incline's commitment to improving portfolio performance but also showcases Charter's significant advancements in the edgebanding products segment.
Conclusion
In summary, Incline’s transaction with Charter Industries reflects its ongoing strategy to leverage its expertise in private equity for enabling substantial growth in the middle market. With Charter now positioned for exciting new opportunities, Incline is set to continue its track record of successfully improving the operational and financial standing of its portfolio companies, establishing a competitive advantage in the private equity arena.
Topics Business Technology）
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