PE-backed Midwest Industrial Rubber buys ABCo

Midwest Industrial Rubber, a portfolio company of Incline Equity Partners, has acquired The Atlanta Belting Company, a specialty fabricator and distributor of lightweight conveyor belting and accessories. No financial terms were disclosed.


Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, is pleased to announce that its portfolio company, Midwest Industrial Rubber (“MIR” or the “Company”), has acquired The Atlanta Belting Company (“ABCo”), a specialty fabricator and distributor of lightweight conveyor belting and accessories.

ABCo provides a wide range of custom belting for multiple industries including food production, recycling, industrial manufacturing, construction and product handling.

This strategic acquisition broadens MIR’s reach and capabilities in the Southeast region, supporting the overall mission of being closer to customers. ABCo adds four branch locations, bringing MIR’s national network to twenty-nine branches.

This is the fifth acquisition for the Company in eleven months. MIR will continue to partner with lightweight conveyor belting fabricators that expand its geographic footprint, add product lines or open the door to new end markets.

About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private investment firm focused on making investments in lower middle-market growth companies. We are generally seeking companies with enterprise values of $25MM to $300MM across a variety of industry sectors including specialized light manufacturing, value-added distribution, and business services. Our typical investment types are ownership transitions for privately held businesses, buyouts, corporate divestitures, and minority recapitalizations within the U.S. and Canada.