January 10, 2018
Birmingham, Michigan, January 10, 2018 – Quarton International is pleased to announce that P.T. International Corp. (“PTI” or the “Company”), a portfolio company of Tonka Bay Equity Partners (“Tonka Bay”), has been acquired by Incline Equity Partners (“Incline Equity”). Quarton International acted as the exclusive investment banking advisor to PTI and Tonka Bay.
Founded in 1994 and headquartered in Charlotte, North Carolina, PTI designs, engineers and supplies mission-critical mechanical power transmission products and replacement components across North America. PTI is the nation’s leading provider of European metric power transmission products and offers a wide variety of American standard (inch) based components. The Company also functions as the exclusive North American supplier for a variety of select European Specialty partners. The Company’s products are utilized across a broad spectrum of end markets, including bulk material handling, food and beverage, unit handling, steel processing, commercial equipment, air handling and textile industries, among many others. The Company’s broad product portfolio features over 30,000 items and complements its vast product offering with value-added engineering expertise, application assistance and best-in-class customer service.
P.T. International Corp. (www.ptintl.com) is a value-added supplier of an extensive range of European metric and American standard mechanical power transmission components for both industrial and commercial applications in North America. The Company’s products include ball bearings, mounted bearings, linear bearings, bearing housings and accessories, and a variety of roller chain and belt drive components.
Tonka Bay Equity Partners (www.tonkabayequity.com) based in Minnetonka, Minnesota, is a private investment firm that acquires and invests in lower middle-market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. Since 1998, Tonka Bay has completed more than 100 transactions, comprised of over 35 partner companies and more than 70 add-on acquisitions.
Incline Equity Partners (www.inclineequity.com) headquartered in Pittsburgh, Pennsylvania, specializes in making investments in lower middle-market growth companies. Incline Equity partners with established companies that have opportunities for growth and an enterprise value of $50 million to $200 million. Incline focuses on the industry sectors of value-added distribution, specialized light manufacturing and business services.