#United States #Dallas #Private Equity #Incline Equity #Accredited Labs

Incline Equity Partners Closes $300 Million Fund for Accredited Labs

Incline Equity Partners, a prominent firm in private equity, has recently completed the closing of a significantly oversubscribed continuation vehicle (CV) for Accredited Labs. This successful transaction has garnered commitments nearing $300 million. Notably, a substantial portion of these commitments came from Incline's own partners and employees, which reflects their strong commitment and confidence in the future performance of Accredited Labs.

Based in Dallas, Texas, Accredited Labs specializes in providing calibration and repair services critical to test and measuring equipment, catering to various essential markets. Since Incline's initial investment in 2023, Accredited Labs has significantly expanded through 24 acquisitions, achieving a notable increase in service capacity while entering new geographic regions. This expansion has allowed the company to diversify its customer base across various regulated and non-discretionary sectors including life sciences, aerospace, semiconductors, and general manufacturing.

Jack Glover, Managing Partner at Incline, emphasized the importance of this continuation vehicle as it provides the necessary capital to support Accredited Labs in its upcoming growth phase while extending their ownership in a robust platform. His sentiments were echoed by Eric Haufler, Managing Director at Incline, who acknowledged the solid groundwork established in collaboration with the management team at Accredited Labs, which has propelled the company's rapid growth trajectory. Moving forward, their strategy involves broadening the company’s geographical reach and enhancing its service capabilities, along with executing further strategic mergers and acquisitions.

Incline Equity Partners, as a leading private equity firm, is focused on the dynamic middle market, engaging primarily with service-based companies, value-added distribution, and specialized light manufacturing enterprises. They generally target companies with enterprise values between $25 million and $750 million. Their investment strategies involve ownership transitions of privately held businesses, buyouts, and corporate divestitures within the U.S. and Canada.

In conclusion, the successful closing of the oversubscribed continuation vehicle is a testament to the collective trust and collaborative efforts not only from Incline's investment team but also from the management of Accredited Labs. Both entities look forward to the opportunities that lie ahead in their partnership, steering through a future filled with possibilities for further growth and expansion in the competitive landscape of calibration and repair services.