Incline Equity Partners has acquired Burton, Ohio-based BFG Supply, a provider of professional horticulture and lawn and garden products. No financial terms were disclosed.
PRESS RELEASE
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the acquisition of BFG Supply (the “Company” or “BFG”), a provider of third-party and proprietary branded products to professional growers, lawn & garden centers, and other green industry participants.
Based in Burton, OH, BFG distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels.
“With over 10,000 SKUs, BFG’s comprehensive product offering provides a differentiated, all-inclusive solution to the market,” said Tom Ritchie, Partner at Incline. “Additionally, BFG’s best-in-class ordering platform and market-leading customer service has led to recurring orders from longstanding customer relationships. We are excited to partner with the BFG management team to support the Company’s continued growth through geographic and product expansion as well as strategic add-on acquisitions.”
“Incline has a proven track record of working with similar businesses to accelerate growth through investments in technology to streamline operations and further enhance customer service,” said Dave Daily, President and CEO of BFG. “Incline’s expertise is the perfect overlap with our strategic needs, and their approach to partnership aligned well with us culturally. We are excited to work with the entire Incline team going forward.”
The transaction marks the second platform acquisition for Incline’s lower middle market fund extension, Incline Elevate Fund, L.P.
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