Quarton International Advises Incline Equity Partners In The Sale Of Double E Company To River Associates Investments
BIRMINGHAM, Mich., July 26, 2017 /PRNewswire/ -- Quarton International is pleased to announce that Double E Company ("Double E" or the "Company"), a portfolio company of Incline Equity Partners, has been acquired by River Associates Investments. Quarton International acted as the exclusive investment banking advisor to Double E and Incline Equity Partners in this transaction.
Double E is a premier manufacturer of highly-engineered components for web converting applications. Double E's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters and roll movers. These products secure, straighten, apply tension, cut and move rolled raw materials through continuous manufacturing processes. Double E's component solutions aid in increasing production line speeds, improving workplace safety, enhancing production flexibility and reducing waste and facility operating costs. The Company serves a global customer base that includes over 10,000 customer locations in 82 countries. Double E operates from three manufacturing facilities in the United States and Europe with additional sales offices in Colombia, the Czech Republic, France, Germany, Italy, Mexico and the United Kingdom. Double E is headquartered in West Bridgewater, Massachusetts.
Incline Equity Partners (www.inclineequity.com), headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $50MM to $200MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.
River Associates Investments (www.riverassociatesllc.com) is a private equity firm based in Chattanooga, Tennessee, that focuses exclusively on investing in the lower middle-market and has served as a financial sponsor partner for management teams for over 25 years. Currently investing River VII, L.P., a $285 million fund, target businesses can be privately held, private equity-backed, or divestitures from larger companies. River is opportunistic as to industry and has invested in numerous manufacturers, high margin distributors, industrial service providers and business service companies. Since its founding in 1989, River has initiated 80 transactions, many of which have been strategic add-on acquisitions to platform companies. The partners at River have collectively worked together for over one hundred years.
ABOUT QUARTON INTERNATIONAL
Quarton International (www.quartoninternational.com) is a leading middle-market investment banking firm that provides merger & acquisition and capital raising advisory services to a diverse set of global clients. Quarton has offices in Berlin, Detroit, Frankfurt, Graz, Indianapolis, Leipzig, London, Minneapolis, Munich and Zurich. All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton International.
SOURCE Quarton International
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