Denver, CO – Platte River Equity (“Platte River”) is pleased to announce the sale of its portfolio company, Profile Products LLC (“Profile Products” or the “Company’), to Incline Equity Partners (“Incline”).
Profile Products, headquartered in Buffalo Grove, IL, is a manufacturer and solutions provider in the erosion control, soil amendment and horticulture markets. The Company’s core products, hydraulic mulch, biotic soil, calcined clay and wood fiber horticulture growing substrate, are sold to the private and civil construction, sports field, energy, mining, golf course and horticulture end markets.
“It was an honor to work with the exceptionally talented Profile Products management team,” said Platte River Managing Director Kris Whalen. “During our ownership, the Company achieved impressive growth driven by consistent investments in new product development as well as entry into new end markets. We wish the management team future success as the Company enters its next phase of growth.”
CEO of Profile Products Jim Tanner said, “Platte River was an excellent partner and supported our business from day one. We accomplished a lot together, including completing important acquisitions, building a new plant and expanding into new markets. We now look forward to the next chapter of growth with Incline and its great team.”
Brown Gibbons Lang & Company served as the exclusive financial advisor to Profile Products. Bartlit Beck LLP served as legal counsel to Platte River.