Incline Equity Partners just pulled off something that sounds more like a precision engineering feat than a finance deal, an oversubscribed $300M single-asset continuation vehicle for Accredited Labs. Yeah, $300M. Not bad for a company born from a family-run calibration shop in Dallas back in 1972, when John Aldinger decided accuracy wasn't just a service, it was a religion. Fast forward 50+ years and that obsession for precision just went national.
Accredited Labs officially launched in June 2024, stacking together a network of more than 20 #ISO/ #IEC17025-accredited calibration and metrology service brands under one unified platform. It's not just a roll-up, it's a redefinition of trust in a space where a micrometer's margin of error can cost millions. Led by CEO Joe Moser, who cut his teeth at McKinsey before steering operational turnarounds at TruckPro, Continental Battery Systems, and Stericycle, this platform runs like a Swiss movement built in Texas steel.
The $300M continuation vehicle, led by LGT Capital Partners with Incline's own partners doubling down, signals serious conviction. This is Incline's first continuation vehicle, and it's a loud declaration that long-term #valuecreation isn't about chasing exits; it's about staying in the game when the math still works. Add in capital from Agility Capital, LLC and internal participation from Incline's team, and you've got alignment from every angle, #operators, #investors, and believers betting big on precision as a service.
Since Incline's original 2023 investment, Accredited Labs has gone on an acquisition spree that would make Pac-Man blush, 24 companies in under 2 years. From Caltec in Ohio to ETI Precision in Maryland, the platform now calibrates 1.2M+ pieces of equipment annually, serving #lifesciences, #aerospace, #semiconductor, #food & #bev, and #manufacturing clients across the U.S. Each acquisition keeps its local brand, identity, and relationships, but gains national #infrastructure, advanced tech, and a shared standard of excellence that's ISO-level consistent across every zip code.
With leadership depth from Thomas McDermott (COO), Kathleen Reilly (former CFO), Gary Fortin (VP of Marketing), and Matthew Fritz (Director of Corp Dev), this team is engineering trust, one instrument at a time. Incline's Jack Glover and Eric Haufler bring the capital discipline and long-term vision to keep the calibration needle dead-center.
Precision isn't sexy, until you realize it's what keeps planes in the sky, labs in #compliance, and billion-dollar production lines humming. Accredited Labs isn't chasing hype; they're standardizing accuracy nationwide. That's not just growth. That's alignment measured to the micron.
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