Key Takeaways
- • Incline Equity Partners, a Pittsburgh-based private equity firm, acquired The Conrad Co., a 58-year-old York County, Pennsylvania company, according to PennLive.com.
- • The Conrad Co. is a distributor and service provider of fluid power, motion control, automation and related industrial products.
- • Terms of the transaction were not disclosed.
- • The Conrad Co. operates offices in Hellam, Hanover and Springettsbury Township, all in York County.
- • The acquisition was announced last month, with CEO Seth Bray saying the partnership will fund investment in sales and technical teams.
Summary
Incline Equity Partners, a private equity firm based in Pittsburgh, has acquired The Conrad Co., a 58-year-old business based in York County, Pennsylvania, according to a report by Daniel Urie of PennLive.com. The deal terms were not disclosed.
The Conrad Co. is a distributor and service provider of fluid power, motion control, automation and related industrial products. The company has offices in Hellam, Hanover and Springettsbury Township, all in York County.
In a news release cited by PennLive, Conrad CEO Seth Bray said the company was proud of what its team had built over the past 58 years. He said the partnership with Incline would allow the company to invest in its sales and technical teams and add capabilities to address customers' evolving needs and cultivate new relationships.
The acquisition was announced last month, according to the report.
The Conrad Co. is a distributor and service provider of fluid power, motion control, automation and related industrial products. The company has offices in Hellam, Hanover and Springettsbury Township, all in York County.
In a news release cited by PennLive, Conrad CEO Seth Bray said the company was proud of what its team had built over the past 58 years. He said the partnership with Incline would allow the company to invest in its sales and technical teams and add capabilities to address customers' evolving needs and cultivate new relationships.
The acquisition was announced last month, according to the report.
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