Incline Equity Partners announced an investment in The Conrad Company near the end of September 2026, with plans to expand the industrial distributor’s offerings and invest in its sales and technical teams.
Based in York, PA, The Conrad Company provides fluid power, motion control, automation and related industrial products, alongside technical services and repairs. Its customers include manufacturing plants, food and beverage facilities and other industrial businesses.
Seth Bray, CEO of The Conrad Company, said:
"We are proud of what our team has built over the past 58 years. Partnering with Incline will allow us to invest in our sales and technical teams, adding capabilities that address our customers' evolving needs and cultivate new relationships."
The Company serves both OEMs and end users. Its product offerings span pneumatics, hydraulics, automation, lubrication and compressed air.
Michael Antonelli, Managing Director at Incline, had this to say of the acquisition:
"The Conrad Company's technical product expertise and high-quality service have supported long-term customer relationships. We are excited to pursue opportunities to expand into adjacent offerings organically and through strategic M&A."
Incline invests across the middle market in services, value-added distribution, software & technology and specialized light manufacturing. They have $6.5Billion in committed capital since inception and 77 platforms investments. Its typical investments include ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
