Incline sells Specialty Products and Insulation; Wynnchurch exits Clyde

Deal Wrap is updated as of 3 p.m. ET.

– Incline Management LP sold insulation distributor and fabricator Specialty Products and Insulation LLC to TopBuild Corp.

– The Stephens Group LLC exited its investment in custom equipment manufacturer Spitzer Industries, Inc., which it sold to Race Rock. Jefferies LLC served as financial adviser to Spitzer, with Jones Day as the company's legal adviser. Gibson Dunn & Crutcher LLP served as legal adviser to Race Rock.

– Wynnchurch Capital L.P exited sootblower designer and manufacturer Clyde Industries via its sale to an unnamed buyer. Lincoln International LLC was the financial adviser to Wynnchurch, and Foley & Lardner LLP was its legal adviser.

– Mountaingate Capital Management, L.P. acquired business-to-business growth services agency Walker Sands Inc. from Stone-Goff Partners. Canaccord Genuity was the financial adviser to Stone-Goff and Walker Sands, and Fredrikson & Byron P.A. acted as the companies' legal adviser. Hogan Lovells was the legal adviser to Mountaingate.

– Riata Capital Group LLC invested in Government Window LLC, a payments platform for state and local governments.

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