ABOUT APPROACH ESG TEAM PORTFOLIO UPDATES CONTACT LP LOG IN ALL COMPANIES Alco Manufacturing VISIT WEBSITE Investment Date: July 2018 Exit Date: Current Fund: Fund I Sector: Precision Machining Headquarters: Elyria, OH Footprint: 5 facilities across OH, MI, and NY Revenue: ~$100 million End Markets: Hydraulics, Consumer, Commercial 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 ADD-ON INVESTMENTS Investment Date: August 2020 Manth-Brownell is a manufacturer of precision machined components, primarily serving the electrical connector, fluid power, industrial, appliance, safety and aerospace end markets. The company has a diverse fleet of machines, with over 100 multi-spindle screw machines and 50 CNC turning and milling machines and operates out of a single facility in Kirkville, NY. ADD-ON CRITERIA Geography: North America, Mexico Size: $1M+ of EBITDA, 10%+ gross margins, owned real estate a plus End markets: aerospace & defense, medical, plumbing, consumer, industrial, electrical Products/applications: screw machine products, specialty fasteners, clamps, struts, valves, connectors, high-grade steel fittings, private label Materials: stainless steel, brass, bronze, carbon steel, aluminum, titanium, specialty stainless steel alloys Capabilities/services: secondary processes (flats, holes, splines, worm threads, etc.), value-added assembly, CNC machine processes preferred to screw machine processes, owned IP/established product line(s) a plus ALCO COMPANY MANAGEMENT Matt Dietrich CEO Matt joined Alco in 2019 as the Company’s CEO. Prior to joining Alco, Matt was the CEO and President of CMS North America and also Board Chairman and Managing Director of DMS in Colorado Springs, CO, which are manufacturers of custom CNC and multi-axis machinery used for bespoke applications in many industrial manufacturing markets. Chuck Schiavello CFO Chuck joined Alco in 2020 as the Company’s CFO. Prior to joining Alco, Chuck was most recently Vice President of Finance at Busche Performance Group. Chuck holds a B.S.B.A. in Accounting from The Ohio State University and an M.B.A. from Xavier University. INDEPENDENT BOARD MEMBERS Greg Taylor Assurance and Consulting Partner Greg is a Partner and Director of the assurance and consulting department for Gilmore Jasion Mahler, LTD. He is a member of the firm’s manufacturing & distribution and construction & real estate industry teams. He has over 25 years of public accounting experience specializing in audit, tax, business consulting, and strategic planning and spent 5 years as CFO of various private equity/family office-owned businesses with $50 – $350 million in sales. Bill Krueger Automotive Executive Bill Krueger has spent 35+ years in various automotive manufacturing leadership roles at GM, Toyota and Nissan. Most recently as Chairman Jatco Americas, Nissan’s affiliated Transmission business. Bill has a B.S. in Electrical Engineering from Marquette University, an M.S. in Manufacturing Management and an M.B.A. from Northwestern University. MIDDLEGROUND AFFILIATION JOHN STEWART Founding Partner LAUREN MULHOLLAND Founding Partner SCOT DUNCAN Founding Partner JUSTIN STEIL Managing Director LINDSAY QUINTERO Senior Associate ANDREW HOWELL Associate TROY GONZALES Vice President LOGAN JOHNSON Associate DOUG BROWN Director of Operations MIKE BRIDGE Director of Operations KRISTEN BAILY Vice President, Human Capital BILL MCINTYRE General Counsel DOWNLOAD OUR FACT SHEET PRIVACY POLICY TERMS OF USE SUBSCRIBE TO OUR NEWSLETTER © 2021 MiddleGround Capital Website Design by MVP Marketing + Design