Incline Equity Partners has acquired Bossier City, Louisiana-based Edko, a provider of herbicide-based vegetation management services. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce that it has acquired Edko (the “Company”), a leading provider of herbicide-based vegetation management services to utilities, municipalities and other operators of infrastructure rights-of-way.
Headquartered in Bossier City, LA, the Company assists its customers in planning and implementing comprehensive and effective herbicide-based treatment programs that are both environmentally friendly and cost efficient. The Company currently operates 14 branch locations serving 25 states.
“Edko has an exceptional track record of performance in a resilient, growing end market,” said Victor Martinelli, Managing Director at Incline. “Differentiated customer service and technical capabilities have enabled Edko to establish itself as a market leader in herbicide-based vegetation management, exemplified by long-term relationships with its blue-chip customer base. We look forward to working with Edko’s talented management team and believe there is an exciting opportunity to expand our geographic footprint and service offerings through acquisitions and new product development.”
“We are excited to partner with Incline for our next phase of growth,” said Mike Vasko, owner of Edko. “We were looking for a partner that supported our current strategic vision while also providing a value-added perspective for achieving growth via M&A. Incline has the proven ability to help us develop and execute on both organic and inorganic growth initiatives, as well as the expertise to help us strengthen the operational infrastructure needed to support future growth.”