Incline Equity Partners, a Pittsburgh-based private equity firm, has acquired BFG Supply, a provider of third-party and proprietary branded products to professional growers, lawn & garden centers, and other green industry participants.
Based in Burton, Ohio, BFG distributes professional horticulture and lawn & garden products.
“With over 10,000 SKUs, BFG’s comprehensive product offering provides a differentiated, all-inclusive solution to the market,” Incline Partner Tom Ritchie said, in a statement. “Additionally, BFG’s best-in-class ordering platform and market-leading customer service has led to recurring orders from longstanding customer relationships. We are excited to partner with the BFG management team to support the company’s continued growth through geographic and product expansion as well as strategic add-on acquisitions.”
BFG President and CEO Dave Daily stated: “Incline has a proven track record of working with similar businesses to accelerate growth through investments in technology to streamline operations and further enhance customer service. Incline’s expertise is the perfect overlap with our strategic needs, and their approach to partnership aligned well with us culturally.”
The transaction marks the second platform acquisition for Incline’s lower middle market fund extension, Incline Elevate Fund L.P.
Incline generally invests in growing manufacturing, distribution and business services companies with enterprise values of $25 million to $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
