KPMG Corporate Finance LLC acted as exclusive financial advisor to The Conrad Company
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce that The Conrad Company (the "Company"), a York, PA based value-added distributor and service provider of fluid power, motion control, automation, and related industrial products, has been acquired by Incline Equity Partners (“Incline”). The Company’s pneumatic, hydraulic, automation, lubrication, and compressed air offerings support a diverse customer base including manufacturing plants, food and beverage facilities, and industrial customers. As a solutions provider to both OEMs and end users, the Company’s comprehensive portfolio of products are supported by ongoing technical service and repair capabilities.
Michael Antonelli, Managing Director at Incline, said, “The Conrad Company’s technical product expertise and high quality service have supported long-term customer relationships. We are excited to pursue opportunities to expand into adjacent offerings organically and through strategic M&A.”
Seth Bray, CEO of The Conrad Company, said, “We are proud of what our team has built over the past 58 years. Partnering with Incline will allow us to invest in our sales and technical teams, adding capabilities that address our customers’ evolving needs and cultivate new relationships.”
About Incline Equity Partners
Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution, software & technology and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
About The Conrad Company
The Conrad Company is an ever-growing collection of highly technical brands, driven by professionals focused on solving industry-specific problems. The Conrad Company’s commitment to continuous growth and improvement is evident in its relationship-centric approach to business. For over 50 years, the company has helped people in manufacturing with personalized service and industry-leading suppliers.
KPMG Corporate Finance
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 25 years.
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