Elyria, OH–August 14, 2020 - Alco, the leading manufacturer of hydraulic connectors and machined parts for the industrial and consumer end markets announces the acquisition of Manth-Brownell, a 60 year old precision machine parts manufacturer located in Kirkville, NY, primarily serving the electrical connector, fluid power, industrial, appliance, safety and aerospace end markets. This deal adds to Alco’s strength and size by further diversifying Alco’s fleet of machines, with over 100 multi-spindle screw machines and 50 CNC turning and milling machines. It also provides a wider customer base for Alco to continue growth plans.
“The integration of Manth-Brownell into our existing business portfolio and manufacturing footprint helps us further broaden and accelerate diversity in our overall machining capabilities, adds many new customers, and enhances our presence in important, complementary markets,” said Alco CEO Matt Dietrich. “We intend to leverage these expanded capabilities to better serve our customers and key markets with increasingly valuable, competitive, and cost-effective products and services.”
Manth-Brownell customers will continue to get the same great service and high quality products as they have come to know by doing business with Manth and they will also be able to enjoy the added capabilities that Alco brings now including stronger buying power for raw materials, more machinery capabilities and competitive quotes.
Headquartered in Elyria, OH, Alco is the leading manufacturer of hydraulic connectors for the industrial and consumer end markets. Alco manufactures steel, aluminum and brass products, including hydraulic connectors, garden hose connectors, plumbing cartridges, natural gas fittings and quick connect devices, among others. Alco was founded in 1971 and has been a portfolio company of MiddleGround Capital since 2018. To learn more about Alco, please visit: www.alco.com.
Manth-Brownell is a precision machine parts manufacturer located in Kirkville, NY and has been in business for over 60 years. The company machines brass, lead-free brass, steel, stainless steel, aluminum, copper and plastic components for the aerospace, agriculture, heavy truck/bus, automotive and fluid power industries. Manth-Brownell has 300 pieces of equipment in operation including over 100 automatic screw machines and 50 CNC turning and milling machines.
About MiddleGround Capital
MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. MiddleGround is currently investing out of its first fund and headquartered in Lexington, KY with a second office in New York City. For further information, please visit: www.middlegroundcapital.com