Boston, MA – August 11, 2017 – Wincove Private Holdings, LP (“Wincove”) announced today that it has recently invested in Rhino Assembly Company, LLC (“Rhino” or the “Company”).
Headquartered in Concord, NC, Rhino is a value-added distributor of high-performance assembly tools and material handling equipment used in heavy manufacturing. The company’s assembly tool products include tightening devices, torque measurement tools, power tools and calibration equipment. Its material handling products include ergonomic arms, lift tables and cranes. Rhino’s mission is to identify and deliver the most innovative assembly solutions to its customers, focusing on improving quality, safety, ergonomics and productivity.
“Rhino has an impressive 17-year history of organic growth and is recognized for delivering innovative products and value-added services,” said Michael McGovern, partner of Wincove. “We are very proud to be partnering with Dan Brooks and Leif Anderson, who will continue in their leadership, and remain substantial owners, of Rhino. Together we will continue to expand the Company’s product offering to capture share and drive organic growth, while opportunistically pursuing complimentary acquisitions.”
Dan Brooks, President of Rhino stated, “Rhino is very excited to partner with Wincove for the next phase of our Company’s growth. Wincove’s experience and successful track record investing in and growing industrial distribution companies, combined with their long-term approach, were highly attractive to our Company as we explored a partnership.” For more information about Rhino, please visit www.rhinoassembly.com.
About Wincove Private Holdings, LP
Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information about Wincove, please visit www.wincove.com.