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PSCP Completes Successful 2019


Pine Street Capital Partners III, LP (“PSCP”) is pleased to announce an active and successful 2019. Highlights include the closing of the following platform investments:

  • 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, based in Painted Post, NY, 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. A mezzanine debt and equity investment in NPL Homecare, LLC (“NPL”). NPL, headquartered in Elyria, OH, is a leading provider of mobility equipment, particularly customized wheelchairs. PSCP partnered with Red Fence Holdings and NPL management.

  • A mezzanine debt and equity investment in DeIorio Foods, Inc. (“DeIorio”). DeIorio, headquartered in Utica, NY, is a supplier of high quality, frozen dough products to food service outlets. PSCP partnered with Rudolph Capital and DeIorio management.

    In 2019, PSCP also made five follow-on investments into four current portfolio companies to support acquisitions.

We currently have a strong pipeline of opportunities and are actively seeking new investments that meet our criteria.
We are committed to responding quickly to opportunities in a thoughtful and transparent manner.