Hartland Controls has recapitalized with Incline Equity Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, has announced that Hartland Controls (“Hartland” or the “Company”) has recapitalized with Incline Equity Partners (“Incline”).
Headquartered in Rock Falls, Illinois, with manufacturing operations in China, Hartland is the market-leading manufacturer of definite purpose contactors for the U.S. heating, ventilation and air conditioning (“HVAC”) market, as well as a variety of other industrial end markets. With a strong focus on customer service and superior engineering, the Company has built a premium brand among HVAC original equipment manufacturers and has a strong presence within the industrial electromechanical and electrical component market through its blue-chip customer base.
Lincoln acted as the exclusive financial advisor to Hartland, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Steve Schreiner, a Co-Founder and General Manager of Hartland, commented, “From our very first meeting with Lincoln, it was apparent that our teams clicked and Lincoln was the right fit for Hartland Controls. After completing our recapitalization process, I am even more sold on the value of Lincoln, its team and its approach to this process.”
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