Equity firm buys Dorner Mfg. Corp.
Dorner Mfg. Corp., a designer, manufacturer, and supplier of conveyor systems and components parts, has been acquired by the private equity firm Incline Equity Partners.
Terms of the deal were not released.
The Hartland, Wis.-based family-owned company, which was founded in 1969, manufactures both built-to-order and engineered-to-order conveyors and sells to a diversified customer base of channel partners, OEMs and systems integrators.
“We have been particularly impressed by Dorner’s strong management team, best-in-class manufacturing operations, and growth prospects,” said Justin Bertram, partner of Incline Equity Partners, which is headquartered in Pittsburgh. “We look forward to supporting management’s efforts to achieve various growth initiatives as well as to pursue strategic acquisitions in certain target areas.”
“The management team and I are excited about our partnership with the Incline team,” said Rich Ryan, CEO of Dorner. “With Incline’s support, we are well-positioned to invest in or acquire the appropriate resources needed to better service our existing customers as well as to support our growth into new product areas, end markets, and geographies.”
INDUSTRIAL SUPPLY MAGAZINE
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