Incline Announces Sale of Charter Industries

PITTSBURGH, Oct. 2, 2025 /PRNewswire/ -- Incline Equity Partners ("Incline"), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the sale of Charter Industries ("Charter" or the "Company"), a supplier of edgebanding solutions and complementary products.

Headquartered in Grand Rapids, MI, Charter supplies PVC and wood edgebanding, T-molding, adhesives and hardware to North American casegood providers, fabricators, OEMs and distributors. Charter offers two-day delivery from its seven locations, a significant benefit for those serving critical end markets, including healthcare, education and hospitality.

"Our growth since partnering with Incline has positioned us as a North American market leader in need-it-now edgebanding solutions," said Todd Shelton, CEO of Charter Industries. "Through M&A we added in-house production capacity to our well-established distribution model, bringing Teknaform's high-quality customization to our customers while improving operational efficiency."

"Charter has nearly tripled revenue since our investment," said John Morley, Partner at Incline. "We worked closely with Todd and the team to fuel organic growth, strengthening the sales function and expanding into adjacent products."

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 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.

Disclaimer:

Incline Management, L.P. ("IMLP") is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline's potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.

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SOURCE Incline Equity Partners