Alco Manufacturing Corporation, LLC

Alco Manufacturing Corporation specializes in precision machining services, delivering high-quality components for various industries through advanced technology and over 50 years of experience in the field. Founded in 1971 and headquartered in Elyria, US, Alco Manufacturing Corporation offers precision machining services. The company was fully acquired by MiddleGround Capital from Blue Point Capital Partners in July 2018 for USD 98. 5 million.

Matt Dietrich currently serves as CEO, leading the company through its operational strategies. Alco Manufacturing specializes in precision machining services, leveraging over 50 years of industry experience to deliver high-quality components tailored to diverse needs. The company’s core offerings include multi-spindle screw machining, CNC machining, Swiss machining, and secondary processes such as tooling design and prototyping. These services are designed to produce intricate, high-precision parts for various sectors, including aerospace, automotive, and industrial manufacturing.

Alco’s robust capabilities are complemented by advanced technology and over 475,000 square feet of manufacturing space across seven locations, serving clients primarily in the United States but also extending to international markets. The company focuses on enhancing production efficiency and quality by utilizing cutting-edge equipment, ensuring that their products meet the stringent standards demanded by their customer base. Alco Manufacturing operates on a business-to-business transaction model, providing precision machined components and services to a variety of industries. The revenue is generated through contracts with OEMs (Original Equipment Manufacturers) and tiered suppliers, typically involving agreements for both bulk orders and custom projects.

In 2019, Alco reported revenue of USD 93. 00 mn and an EBITDA of USD 12. 80 mn. Clients may engage in long-term contracts or one-time projects based on their specific requirements, with pricing structures that accommodate high-volume production needs.

Alco's flagship products, including complex precision parts crafted from materials such as steel, stainless steel, brass, and aluminum, cater to industries demanding high accuracy and reliability. The company’s transactional structure encourages partnerships, where clients benefit from streamlined procurement processes and Alco ensures consistently high-quality outputs aligned with customer specifications. Alco Manufacturing plans to leverage its recent acquisition and funding to enhance its product offerings and explore new markets. The company aims to introduce new precision machining products designed to meet evolving industry standards by late 2021.

Additionally, Alco is targeting expansion into international markets, particularly in Europe and Asia, with a timeline set for completion by 2023. The funding received during the Secondary Buyout, which amounted to USD 98. 5 million, will be utilized to support these growth initiatives and facilitate technological advancements.