Wincove Capital
Wincove Capital | Private Equity Profile
The following piece on Wincove Capital is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.Resource #1: Private equity group Wincove Capital has purchased custom injection and structural foam molder GI Plastek Wolfeboro LLC and is looking at ways to expand the company through acquisitions and organic growth.
The purchase, announced Aug. 20, is the second acquisition for New York-based Wincove and could represent a fresh start for GI Plastek of Wolfeboro, N.H. Wincove opened in 2008 and is looking for investments in “lower middle market” companies.
In 2000, GI Plastek was an injection molder and structural foam molder with four different facilities making a range of products in the medical, military and materials handling industries, including production of thermoplastic cluster mailboxes used at housing complexes. But in the wake of the Sept. 11, 2001, attacks, the U.S. Post Office switched to all-steel mailboxes citing security concerns, and GI Plastek saw its sales drop. Source
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Link to This Resource: Wincove Capital
http://privateequityblogger.com/2007/08/wincove-capital.html