Incline Equity Partners has recapitalized Hartland Controls. No financial terms were disclosed. Lincoln International advised Hartland on the transaction. Headquartered in Rock Falls, Illinois, Hartland is a producer of definite purpose contactors for the U.S. HVAC market.
CHICAGO, March 14, 2014 /PRNewswire/ — Lincoln International, a leading global mid-market investment bank, has announced that Hartland Controls (“Hartland” or the “Company”) has recapitalized with Incline Equity Partners (“Incline”).
Headquartered in Rock Falls, Illinois with manufacturing operations in China, Hartland is the market leading manufacturer of definite purpose contactors for the U.S. heating, ventilation and air conditioning (“HVAC”) market, as well as a variety of other industrial end markets. With a strong focus on customer service and superior engineering, the Company has built a premium brand among HVAC original equipment manufacturers and has a strong presence within the industrial electromechanical and electrical component market through its blue-chip customer base.
Lincoln International acted as the exclusive financial advisor to Hartland, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Steve Schreiner, a Co-Founder and General Manager of Hartland, commented, “From our very first meeting with Lincoln it was apparent that our teams clicked and Lincoln was the right fit for Hartland Controls. After completing our recapitalization process, I am even more sold on the value of Lincoln, its team and its approach to this process.”
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With fifteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com