Incline Equity Partners has invested in The Conrad Company, a value-added distributor and service provider focused on fluid power, motion control, automation and related industrial products. Financial terms of the transaction were not disclosed.
Headquartered in York, Pennsylvania, The Conrad Company provides pneumatic, hydraulic, automation, lubrication and compressed-air products and services.
Its customers include manufacturing plants, food and beverage facilities and other industrial businesses.
The company serves both original equipment manufacturers and end users and supports its product portfolio with technical service and repair capabilities.
The Conrad Company has operated for approximately 58 years.
With Incline’s backing, the company plans to invest in its sales and technical teams, add capabilities and expand into adjacent product and service categories.
Growth initiatives are expected to include both organic expansion and strategic acquisitions.
Incline focuses on middle-market investments across services, value-added distribution, software and technology and specialized light manufacturing.
KEY QUOTES:
“The Conrad Company’s technical product expertise and high-quality service have supported long-term customer relationships. We are excited to pursue opportunities to expand into adjacent offerings organically and through strategic M&A.”
Michael Antonelli, Managing Director at Incline Equity Partners
“We are proud of what our team has built over the past 58 years. Partnering with Incline will allow us to invest in our sales and technical teams, adding capabilities that address our customers’ evolving needs and cultivate new relationships.”
Seth Bray, CEO of The Conrad Company
