Buffalo Grove, IL



Investment Status


Investment Date

May 2015

Realized Date

Sep 2018

Sold to

Incline Equity Partners

Company Information (At Exit)

Investment Thesis

Platte River Value Add

Company Information (At Exit)

  • Headquartered in Buffalo Grove, IL, Profile Products LLC (“Profile Products” or the “Company”) is a manufacturer of erosion control, sediment control, vegetation establishment, daily cover and clay-based products serving a diverse set of end markets
  • Diverse geographic presence and limited product, customer or end market concentration
  • Platte River acquired Profile Products in May 2015 and sold the company to Incline Equity Partners in December 2018

Investment Thesis

  • Industry: Growing market with increasing share as hydraulic wood mulch is more cost effective than competing technologies (substantial intellectual property providing additional barrier to entry)
  • Opportunity: New products, new end markets, international growth and tuck-in acquisitions
  • Strategy: Invest behind developing new horticulture product line; consolidate smaller niche players to expand market presence; and build new facility to provide ample excess capacity for long term growth

Platte River Value Add

Completed three strategic add-on acquisitions, strengthening the company’s market position:

  • Commercialized new transformative product (Hydrafiber) serving the horticulture market
  • Expanded the Company’s manufacturing operations to support growth
  • In less than four years, Profile grew net sales 65%, increased profit margins by 500 bps and more than doubled its EBITDA

In-Place Machining Company ("IPM")

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