Incline Equity Partners has made an investment in Edison, New Jersey-based Fond du Lac Cold Storage, a provider of local refrigerated logistics and storage. No financial terms were disclosed; however, Twin Brook served as sole lead arranger and administrative agent for the financing to support Incline Equity’s investment in Fond du Lac Cold Storage.
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, proudly announces a partnership with Fond du Lac Cold Storage (“FDL” or the “Company”), a leading provider of local refrigerated logistics and storage. Financial terms of the deal were not disclosed.
FDL provides fully refrigerated storage to its customers, specializing in wine, cheese and chocolate. Founded in 1998, the Company offers storage and daily delivery services to markets in New Jersey, Illinois and New York. FDL offers other value-added services such as labeling and picking and repacking.
Ted Chan, Founder and CEO, said, “Our primary customers are small to medium-sized wine importers that need a logistics supplier, but are often underserved by our competitors. Many of our customers have grown significantly, and we are committed to growing with them. We are partnering with Incline to improve operational and delivery performance and to strengthen our ability to support our customers.”
“We were immediately attracted to the Company given our prior investments in similar distribution businesses,” said Justin Bertram, Partner with Incline. “FDL has established tremendous trust with its customers. We are excited to leverage our past experience to help Ted and the management team accomplish their long-term growth objectives.”