New Investment Announcement for PSCP
Pine Street Capital Partners III, LP (“PSCP”) is pleased to announce the following recent investments:
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A mezzanine debt and equity investment in Aloi Material Handling & Automation (“Aloi”) to finance its acquisition of Automated Cells & Equipment, Inc. (“ACE”). Aloi is a Rochester, NY based integrator and value added distributor of material handling solutions for various end markets. ACE is based in Painted Post, NY and provides advanced factory automation and robotics solutions for companies across multiple industries. PSCP partnered with a Boston based private investment firm and ALOI and ACE management to effectuate the acquisition.
- A mezzanine debt and equity investment to support the acquisition of Cinchseal Associates, Inc. (“Cinchseal”). Based in Mt. Laurel, NJ, Cinchseal is a leading designer and manufacturer of rotary shaft seals for multiple end markets. PSCP partnered with Fulham & Co. and Cinchseal management.
- TA follow-on equity investment in current portfolio company Anser Advisory (“Anser”) to support the recent acquisitions of Cambridge Construction Management, Inc., based in Clinton, NJ, and DHS Consulting, Inc., based in Santa Ana, CA. Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services.