Berkshire Global Advisors acted as financial advisor to Incline Equity Partners

Seller Details:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.

Buyer Details:
The Petershill program is managed by GSAM’s Alternative Investments & Manager Selection (AIMS) Group, which provides investors with investment and advisory solutions across leading private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies. With investments in over 20 asset management firms, the Petershill program provides strategic capital to asset management firms and has raised over $5 billion of commitments since inception. GSAM is one of the world’s leading investment managers with more than $1 trillion in assets under supervision globally as of December 31, 2020.

Transaction Summary:
Goldman Sachs Asset Management’s Petershill program has made a strategic investment in Incline Equity Partners. Incline will leverage this passive, minority investment to accelerate the evolution of its platform to extend its strong track record of success across the middle market. Through a focus on value-added distribution, business services and specialized light manufacturing, Incline has leveraged its investing strategy, process and culture to help build resilient companies and deliver attractive returns to its investors.