Sep 2019 | New York
Mainstream, Inc. acquired by Aloi Materials Handling & Automation, LLC
DALLAS, October 2, 2019 – Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mainstream, Inc. to Aloi Materials Handling & Automation, LLC (“Aloi”), a portfolio company of Wincove Private Holdings, LP. The acquisition closed September 6, 2019 and details were not disclosed.
Mainstream, Inc. is a mechanical contractor specializing in conveyor belts & shoots located in Shepherdsville, KY. The Company has over 100 field technicians located throughout the United States, allowing them to provide 24 hours support 365 days a year. The Company provides mechanical and electrical troubleshooting, preventative maintenance, parts and replacement, conveyor repair, engineering and fabrication, and installation services.
Aloi Materials Handling & Automation, LLC is a fully-integrated provider of material handling and automation solutions, together with ongoing service and maintenance. Aloi combines vast vendor relationships with deep engineering expertise to create solutions that optimize capacity, improve throughput and safety, and reduce labor costs. Aloi is headquartered in Rochester, NY, with offices in Buffalo, NY, Syracuse, NY, Raleigh, NC, High Point, NC, and Holyoke, MA. For more information about Aloi, visit their website at www.aloi.com.
Wincove Private Holdings, LP is an investment 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 New York, Wincove has a permanent capital base, staying invested in its partner companies for an unlimited time. For more information about Wincove, visit their website www.wincove.com.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss and his team, led by Managing Director Jerry Yocum with support from Managing Director Ryan Johnson, successfully closed the deal. Senior Managing Director James Carr established the initial relationship with Mainstream.
“I worked for an extended period with both the buyer and seller as Mainstream was growing very fast. They both saw a fit culturally and strategically,” said Jerry Yocum. “I think these two firms will work well for the long term. It was a pleasure to assist them in the transaction”.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Business & Financial Services page.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication page.
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