Livingstone is pleased to announce that Double E Company LLC, a portfolio company of Prairie Capital, L.P. has been acquired by Incline Equity Partners.
Based in West Bridgewater, Massachussets, Double E is a market leading designer, manufacturer, and distributor of engineered solutions and accessory products used in web process manufacturing. The Company’s product lines include chucks, shafts, rollers, slitting systems, core cutters, brakes, unwind and rewind stands, web guides and tension control systems. Double E has manufacturing operations in the United States and Europe, selling to customers throughout North America, South America, Europe and Asia.
“We are pleased to be partnering with Incline Equity to continue our ambitious domestic and international growth plans,” said Double E CEO Mark Fortin. “Livingstone’s ability to grasp the complexity of our business model and provide deal expertise throughout the acquisition process was critical to the successful completion of the transaction.”
“We’re delighted to have represented Double E and Prairie on a successful sale transaction,” said Livingstone Chicago Vice President Karl Freimuth. “Incline Equity is an ideal partner for Double E given the company’s global operating model and appetite for strategic growth.”
Incline focuses on making private equity investments of $10 million to $25 million in leveraged buy-outs, recapitalisations, and large minority financings of lower mid-market growth companies with enterprise values between $25m and $100m.