Quarton International is pleased to announce that Charter Industries Extrusions, Inc. (“Charter” or the “Company”) has been acquired by Incline Equity Partners. Quarton International acted as the exclusive investment banking advisor to Charter. The transaction closed on November 30, 2018.
Pete Eardley, founder and CEO of Charter commenting on the transaction, “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.”
Charter Industries Extrusions, Inc. is a premier supplier of PVC edgebanding, veneer edgebanding, T-molding and related products. Charter’s edgebanding is sold as a finishing product to thousands of customers for numerous end-use environments and applications, including athletic locker rooms, dormitory furniture, medical facility casework, point of sale kiosks, store fixtures, school lockers and worksurfaces. The Company’s outstanding reputation is supported by its broad product offering, national footprint, robust technology infrastructure and history of fulfilling small and large orders on an expedited basis. Charter is headquartered in Grand Rapids, Michigan with four additional locations in California, Florida, New York and Texas. More information: www.charterindustries.com.
Incline Equity Partners , headquartered in Pittsburgh, Pennsylvania, is a private investment firm focused on making investments in lower middle-market growth companies. Incline generally seek companies with enterprise values of $25 million to $300 million across a variety of industry sectors including specialized light manufacturing, value-added distribution and business services. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts, corporate divestitures and minority recapitalizations within the U.S. and Canada. More information: www.inclineequity.com