Incline to invest in Charter Industries Extrusions

Incline Equity Partners has made an investment in Grand Rapids, Michigan-based Charter Industries Extrusions LLC, a provider of PVC and wood edgebanding, T-molding and veneer sheets to specialty carpenters and furniture installers. No financial terms were disclosed.

PRESS RELEASE

Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces that it has made an investment in Charter Industries Extrusions, LLC. (“Charter” or the “Company”), a leading supplier of PVC and wood edgebanding, T-molding and veneer sheets to specialty carpenters and furniture installers.

Based in Grand Rapids, MI, Charter specializes in edgebanding as well as ancillary cased goods products for use in a variety of end markets. The Company serves thousands of furniture and case good manufacturers operating in the education, healthcare, retail, hospitality, commercial, recreational vehicle and residential markets. The Company strives to have the shortest lead times in the industry while continually adding new colors, sizes and patterns to stay on the forefront of market design preferences.

“We are excited to have partnered with Pete Eardley and the entire management team at Charter,” said John Morley, Managing Director with Incline. “The Company’s clients rely upon Charter’s industry-best lead times, incredible breadth and depth of inventory, same-day shipping capabilities and overall dedication to customer service, and we’re delighted to be a part of such an organization.”

Pete Eardley, founder and CEO of Charter added, “We are proud to be a trusted supplier in the market. For almost 30 years, we have focused our efforts on continually growing a better business for customers and employees. With Incline as our partner, we will be able to leverage their experience to assess new avenues for growth, particularly in acquisitions and new product additions.”