New York, NY (April 29, 2019) – Automated Cells & Equipment, Inc. (“ACE”) of Painted Post, NY has been acquired by Aloi Materials Handling & Automation, LLC (“Aloi”) of Rochester, NY, a portfolio company of Wincove Private Holdings. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to ACE.
Automated Cells & Equipment, Inc. (www.autocells.com) is a leading provider of factory automation and robotic solutions serving a diverse range of industries. ACE is an authorized integrator of FANUC robots and specializes in providing advanced, turnkey factory automation solutions that require significant design, engineering, and programming.
Aloi Materials Handling (www.aloi.com) is a leading materials handling equipment and solutions provider for the industrial manufacturing and warehousing markets. Aloi offers products and services for materials handling, automation, controls, robotics, inspection, and design services for a diverse client base. Aloi is headquartered in Rochester, NY, with offices in Buffalo, NY, Syracuse, NY, Raleigh, NC, High Point, NC, and Holyoke, MA.
Wincove Private Holdings (www.wincove.com) is a private 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 New York, Wincove has a permanent capital base and can therefore stay invested in its partner companies over an unlimited time horizon.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.