Incline Equity Partners has sold Ned Stevens, a provider of full-service residential gutter cleaning and essential exterior services. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the sale of Ned Stevens (“Ned” or the “Company”), a leading provider of full-service residential gutter cleaning and essential exterior services. Incline invested in the Company in 2016.
Founded in 1965, Ned services a loyal, recurring customer base in 15 states across the country. Ned values providing exceptional service quality and as a result has developed a best-in-class brand for exterior home services. Through its partnership with Incline, the Company grew significantly by entering new markets and adding complementary service offerings.
Rob Rapuano, Chief Executive Officer at Ned Stevens, said, “In a very short period, Incline helped us transform the business through strategic investments in expanding the management team, re-developing the marketing strategy, enhancing the pricing program and upgrading the technology platform. We thank Incline for taking the time to truly understand our unique business, and for giving us all the tools, guidance and support we ever wanted or needed. Our growth and success are a reflection of a great partnership.”
“We are very proud of what we accomplished working together with Rob and the entire management team at Ned,” said Leon Rubinov, Senior Partner at Incline. “Having nearly doubled the size of the business, the Company is in a very strong position to continue their growth far into the future.”