PITTSBURGH, Pa. Incline Equity Partners, a Pittsburgh-based private equity firm, is pleased to announce its portfolio company, AFC Industries, has acquired Master Distribution. Master is a value-added distributor of channel and pipe fittings as well as related fasteners and accessories such as nuts, clamps, screws, washers, bolts, brackets and post bases.
Based in Brunswick, Ohio, Master maintains a portfolio of difficult-to-source products used across diverse applications among commercial, industrial, infrastructure, utility and energy end markets.
Kevin Godin, CEO of AFC, said, “The acquisition of Master extends the boundaries of our core business by adding a robust line of adjacent products. We are excited to apply our institutional experience and expertise to fuel growth at Master.”
This is the 11th acquisition for AFC since partnering with Incline in March 2015. Given the highly fragmented market, AFC plans to continue partnering with distributors that add to its product portfolio, expand its geographic footprint and enhance its presence in existing markets.