TCF Capital Funding provided $14 million in secured financing to support Wincove Private Holdings’ portfolio company, Aloi Materials Handling & Automation, in its acquisition of Mainstream.
“We are pleased to expand our relationship with Wincove and Aloi by providing senior financing to acquire Mainstream, which also included Aloi’s recent acquisition of Automated Cells & Equipment,” said Ed Ryczek, senior vice president at TCF Capital Funding. “The three combined companies create a full-service provider of material handling and automation solutions, from initial systems integration to the ongoing service and maintenance of the equipment.”_x000D_
Wincove 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.
Headquartered in Rochester, NY, Aloi is a provider of automated and integrated solutions for various material handling applications.
