Incline Equity Partners has sold BFG Supply, a distributor of professional horticulture and lawn & garden products. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce the sale of BFG Supply (“BFG” or the “Company”). BFG distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed and greenhouse equipment to the green industry, which includes professional growers, regional lawn & garden centers, hydroponic and controlled environment agriculture. Incline partnered with the Company in January 2020.
Headquartered in Burton, OH, BFG provides third-party and proprietary branded products and offers customers solutions to better manage their supply chain through innovative technologies. With over 15,000 SKUs in stock, their comprehensive product offering provides a differentiated, one-stop solution to the market.
“We are proud to have worked closely with the management team to drive significant growth at BFG,” said Tom Ritchie, Partner at Incline. “During our ownership, we completed three highly strategic acquisitions and drove significant organic revenue growth. The acquisitions extended BFG’s geographic footprint and added meaningful service offerings like greenhouse design and manufacturing.”
Dave Daily, President and Chief Executive Officer of BFG, said, “Incline was an active partner that helped us strategically transform the business. Their technology expertise allowed us to make key investments in the build out of our virtual trade show booking system and enhanced our e-commerce capabilities. They also supported the expansion of the management team with the additions of a Chief Financial Officer and Chief Revenue Officer. The Company is very well-positioned for the future.”