Incline Equity Partners has sold Buffalo Grove, Illinois-based Profile Products, a maker of engineered horticulture growing media, erosion control products and soil amendments. The buyer is New Mountain Capital. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce the sale of Profile Products (“Profile” or the “Company”), a global developer and manufacturer of engineered horticulture growing media, erosion control products and soil amendments. Incline partnered with the Company in December 2018.
Headquartered in Buffalo Grove, IL, Profile provides a portfolio of highly engineered specialty agriscience materials designed to help its customers generate higher yields, reduce costs and achieve environmentally sustainable outcomes. The Company has a long history of innovation that has resulted in the development of differentiated, IP-protected offerings used by customers across multiple end markets including horticulture, infrastructure services, sports fields and others.
“Incline was instrumental in positioning Profile for long-term success,” said Jim Tanner, CEO of Profile. “With their guidance and resources, we enhanced our product development capabilities, supporting the introduction of revolutionary products in the horticulture and animal health segments. Additionally, we added substantial capacity with the opening of two new facilities while further building out the management team with several key hires. We are primed for significant growth and excited to continue the momentum with our new partner.”
“We are incredibly proud of what we’ve accomplished with Jim and the Profile team,” said Joseph Choorapuzha, Partner at Incline. “We more than doubled the size of the business through investing in operations to drive organic growth as well as completing three strategic acquisitions. Acquiring HydroStraw, Sunterra and Florikan expanded the Company’s geographic footprint across the U.S. and Canada and strengthened Profile’s leadership in its core horticulture end market. We are pleased with the outcome of our partnership and enthusiastic about what the future holds for Profile.”