Incline Equity Partners has acquired Charlotte, North Carolina-based P.T. International Corp, a provider of metric and American standard power transmission products. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle market private equity firm, announces the acquisition of P.T. International Corp. (“PTI” or the “Company”), a value-added supplier of mechanical power transmission components for industrial and commercial applications.
Based in Charlotte, North Carolina, PTI is a provider of metric and American standard power transmission products including ball bearings, mounted bearings, linear bearings, bearing housings and a variety of roller chain and belt drive components. The Company’s products are used across a broad spectrum of end markets, including bulk material handling, food and beverage, unit handling, steel processing, commercial equipment, air handling and textile.
“The PTI team has built very strong customer relationships,” said Leon Rubinov, Partner with Incline. “Their global sourcing capabilities for lower volume, hard to find products is not only impressive, but also important to customers. Working together, we plan to expand these capabilities even further.”
Darin Davenport, Chief Executive Officer of PTI, added, “Incline’s extensive experience working with manufacturers and distributors was meaningful to us. Our next phase of growth is to expand our products and capabilities through internal development and acquisitions. Incline has helped many businesses with similar business models to ours execute on a similar strategy. We are looking forward to working with the Incline team. ”