Incline Equity Partners Acquires Foundation Source

GTCR Acquires Foundation Source from Incline Equity Partners

September 13, 2023

Wealth Management

GTCR, a Chicago-based private equity firm, has acquired Foundation Source, the nation’s largest provider of foundation management services, from Incline Equity Partners. GTCR is partnering with wealth-technology veteran Joseph Mrak III as CEO and has committed capital to invest in technology enhancements, acquisitions and organic growth to expand Foundation Source’s product offerings and channel partnerships.

Foundation Source Acquires Pacific Foundation Services

June 4, 2025

Professional Services

Foundation Source, the Fairfield, Connecticut-based provider of philanthropic software and services, has acquired San Francisco-based Pacific Foundation Services (PFS). The add-on expands Foundation Source's capabilities in foundation management, increases charitable assets under administration to nearly $40 billion, and brings PFS's team and leadership (CEO Charles R. Casey) into Foundation Source; the transaction was completed on June 4, 2025 with terms undisclosed.

Incline Equity Partners Invests in Smile Source

April 4, 2023

Healthcare Services

Pittsburgh-based private equity firm Incline Equity Partners announced an investment in Smile Source, a Kingwood, Texas-based private practice dental network serving more than 1,000 independent dentists. Incline said it will support Smile Source's growth by investing in sales and marketing, vendor partnerships and expanded practice solutions and member support.

Foundation Source Acquires Giving Place from Give (a TIFIN Company)

April 21, 2025

Cloud & SaaS

Foundation Source, the Fairfield, Connecticut-based provider of philanthropic technology and services, has acquired Giving Place, a family-office giving platform, from Give (a TIFIN Company). The deal, completed April 21, 2025, expands Foundation Source’s SaaS capabilities for private foundations and family offices; terms were not disclosed.

Bain Capital Private Equity Acquires PartsSource from Great Hill Partners

July 20, 2021

Healthcare Services

Bain Capital Private Equity has signed a definitive agreement to acquire PartsSource, a Cleveland-based online marketplace and cloud software provider for medical equipment parts and repair services, from Great Hill Partners. The investment will support PartsSource's growth plans to broaden its solutions portfolio, expand its marketplace platform, and pursue strategic acquisitions and international expansion; financial terms were not disclosed.

Incline Equity Partners Invests in ASP Global

February 11, 2020

Healthcare Services

Pittsburgh-based private equity firm Incline Equity Partners has made an investment in ASP Global, an Atlanta-based distributor and sourcing agent of healthcare supplies. Incline plans to support ASP Global's growth through expanded sales efforts and additional acquisitions.