Incline Equity Partners, a Pittsburgh-based private equity firm, has exited Ned Stevens, a provider of full-service residential gutter cleaning and essential exterior services. Incline invested in the New Jersey-based company in 2016.
Founded in 1965, Ned services customers in 15 states. Through its partnership with Incline, the company grew significantly — nearly doubling the size of its business — by entering new markets and adding complementary service offerings.
Ned CEO Rob Rapuano said, “In a very short period, Incline helped us transform the business through strategic investments in expanding the management team, re-developing the marketing strategy, enhancing the pricing program and upgrading the technology platform. We thank Incline for taking the time to truly understand our unique business, and for giving us all the tools, guidance and support we ever wanted or needed. Our growth and success are a reflection of a great partnership.”
Incline generally seeks to invest in growing companies in manufacturing, distribution and business services, with enterprise values of $25 million to $300 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.