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TCF Capital Funding Supports Aloi Materials Handling & Automation’s Acquisition of Mainstream

January 31, 2020, 09:00 AM
Filed Under: Mergers & Acquisitions

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it provided $14 million in secured financing to support Wincove Private Holdings’ (Wincove) portfolio company, Aloi Materials Handling & Automation (Aloi), in its acquisition of Mainstream, Inc.

“We are pleased to expand our relationship with Wincove and Aloi by providing senior financing to acquire Mainstream, which also included Aloi’s recent acquisition of Automated Cells & Equipment (ACE),” said Ed Ryczek, senior vice president at TCF Capital Funding. “The three combined companies create a full-service provider of material handling and automation solutions, from initial systems integration to the ongoing service and maintenance of the equipment.”

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