We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » PECO Pallet, Inc. Announces Definitive Agreement to be Acquired by Alinda Capital Partners and USS
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

PECO Pallet, Inc. Announces Definitive Agreement to be Acquired by Alinda Capital Partners and USS

PECO Pallet, Inc. Announces Definitive Agreement to be Acquired by Alinda Capital Partners and USS
October 5, 2020
No Comments

IRVINGTON, NY, GREENWICH, CT and LONDON, UK – Oct. 5, 2020 – PECO Pallet, Inc., one of North America’s largest providers of pooled rental pallets and services to the food service, grocery and consumer products industries, announced that a definitive agreement has been reached for PECO to be acquired by U.S.-based Alinda Capital Partners and USS, a leading pension fund for the Higher Education sector in the United Kingdom.
The transaction is expected to be concluded within the next two weeks.

Details of the transaction were not disclosed.

Alinda is a global independent investment firm focused on mid-market infrastructure assets that provide essential services. Alinda has holdings in infrastructure businesses in 38 of the 50 United States, as well as in Canada, the United Kingdom and continental Europe. Alinda-owned businesses serve over 100 million customers annually.

USS is the largest private pension fund in the United Kingdom with £75 billion under management (as of August 2020). It has over 400,000 individual members working at more than 340 higher education institutions. It also invests extensively in infrastructure such as ports, utilities, and green energy. 

“Alinda and USS are among the world’s most successful investors in infrastructure businesses which provide the foundation for economic growth,” said Joe Dagnese, president and chief executive officer of privately-held PECO Pallet. “They support our strategy of growing with customers that value the quality and service PECO delivers.”

“We are pleased to be associated with PECO,” said Alinda Chairman Chris Beale. “We believe that PECO is a robust business led by an exceptional management team.”

“PECO is an excellent fit with USS’s investment philosophy of acquiring resilient businesses with a track record of sustainable growth and cashflow generation to help USS deliver a secure financial future for our members. We look forward to working with the management team and continuing our successful partnership with Alinda,” said Michael Powell, Head of Private Markets Group for USS.

Dagnese noted that PECO’s current management and operations team will continue to lead the organization under its new ownership. He added that the acquisition will benefit PECO’s employees, suppliers, partners, distributors, and customers through access to Alinda’s and USS’s resources and their proven strategies of helping essential infrastructure businesses grow profitably in their markets. Alinda and USS have significant experience in transportation and logistics, including infrastructure to handle and store freight and supply chain operations.
PECO currently operates a North American pallet pool network encompassing more than 80 facilities and 21 million pallets. The company builds, services, delivers, and manages distribution of its red, high-quality block pallets for America’s top consumer products, grocery, and other food-related enterprises to ship goods.

About PECO Pallet, Inc. – Irvington, NY-based PECO Pallet is the North American leader in pallet rental services and provides millions of its red block pallets to major grocery and consumer goods manufacturers in the U.S., Mexico, and Canada. PECO Pallet’s tremendous growth over the last decade reflects the company’s commitment to quality and service. Customers using PECO’s superior pallets experience less product damage, greater efficiency, improved safety, and significant cost savings. PECO is headquartered in Irvington, New York. For more information about PECO Pallet, please visit www.pecopallet.com.

About Alinda Capital Partners – Alinda Capital Partners is a global investment firm that makes long-term investments in infrastructure assets that provide essential services. Alinda’s investment partners are predominantly pension funds serving public sector and private sector workers and seeking steady investments over the long term to match their pension liabilities.
They include some of the largest institutional investors in the world. Alinda has offices in Greenwich (Connecticut), Miami and London. See www.alinda.com.

Media Contact: Gary Frantz, gary@gnfcomms.com, (925)594-1434

https://www.pecopallet.com
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Material Handling Transportation Supply Chain Services
KEYWORDS PECO Pallet Inc.
  • Related Articles

    Peco Pallet to be acquired by pair of investment firms

    Command Alkon Announces Definitive Acquisition Agreement With Thoma Bravo

    RedPrairie to be acquired by private equity firm; Descartes launches all-cash bid for Porthus

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Biden names dozens of senior leaders to DOT, including FMCSA and FRA

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

2mw 01 18 21 thumb

LTL Carriers Using Yield Management Techniques to Identify New Accessorial Charges

DCV-TV 4: Viewer Contributed
As we head into 2021, shippers are not too optimistic about negotiating rates with their carriers. The reason for this, as highlighted in the three CODE RED Webcasts we've hosted with our friends from CSCMP and NASSTRAC, is that in today's transportation marketplace, shippers are operating in uncharted waters. With...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing