P.T. International Corp., a portfolio company of Tonka Bay Equity Partners, has been acquired by Incline Equity Partners. Quarton International acted as the exclusive investment banking advisor to PTI and Tonka Bay.
P.T. International Corp. 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 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, 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