PITTSBURGH, Sept. 29, 2026 /PRNewswire/ — Incline Equity Partners (“Incline”), a leading private equity firm dedicated to investing across the middle market, is pleased to announce its investment in The Conrad Company (“TCC” or the “Company”), a value-added distributor and service provider of fluid power, motion control, automation and related industrial products.

Headquartered in York, PA, TCC’s pneumatic, hydraulic, automation, lubrication and compressed air offerings support a diverse customer base including manufacturing plants, food and beverage facilities and industrial customers. As a solutions provider to both OEMs and end users, the Company’s comprehensive portfolio of products are supported by ongoing technical service and repair capabilities.

“The Conrad Company’s technical product expertise and high-quality service have supported long-term customer relationships,” said Michael Antonelli, Managing Director at Incline. “We are excited to pursue opportunities to expand into adjacent offerings organically and through strategic M&A.”

“We are proud of what our team has built over the past 58 years,” said Seth Bray, CEO of TCC. “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.”

About Incline Equity Partners:

Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution, software & technology and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.

Disclaimer:

Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.

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SOURCE Incline Equity Partners