Boston, MA – April 22, 2016 – Wincove Private Holdings, LP (“Wincove”) announced that it has recently led a recapitalization of Aloi Solutions, LLC (“Aloi”).
Headquartered in Rochester, NY, Aloi is a leading integrator and value-added distributor of material handling and automation solutions for a diverse range of industries, including the grocery, food & beverage, industrial, personal care, and automotive markets. The Company offers a large product portfolio, which it integrates with deep engineering experience and high levels of service. Solutions are designed to optimize capacity, improve workflow and safety, and reduce labor costs.
“We are excited to partner with Bob Manion and Jeff Gambrill, executive management of Aloi,” said Michael McGovern, partner of Wincove. “Jeff and Bob have built a great business that provides exceptional service to its customers. We are proud to be investors in the Company.”
Jeff Gambrill commented, “Bob and I are eager to pursue future growth initiatives with Wincove as our partner. We have spent a great deal of time with Mike and his partner John Lenahan over the past six months, and we are confident that Wincove’s experience and track record of building businesses will help fuel our continued growth.”
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.