Bluff sold to VC investor

News Story
- 26 May 2016 ( #771 ) - Fort Worth, TX, United States
1 min read
Andrea Curreri
Andrea Curreri
Bluff Manufacturing has been acquired by Wincove Private Holdings, a holding company with a permanent equity capitalisation and management.

Wincove claims it creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and New York, Wincove has a permanent capital base, and can therefore "stay invested in its partner companies for an unlimited time horizon".

Bluff's management team and Wincove plan to build on Bluff's position in the materials handling market and to continue to provide dealers with "the same great service, quality products, and fast, on-time delivery they have experienced over the last 45 years of the company's operations".

"We are very pleased about our partnership with the Wincove team who has a history of facilitating the growth of companies, resulting in substantial value creation," says Andrea Curreri, president of Bluff Manufacturing. "Everyone at Bluff is excited by the opportunities that will be presented through this partnership."

Wincove partner John Lenahan notes Bluff's long, successful history. "We are very excited to partner with Andrea Curreri and the rest of the Bluff team to continue to build this exceptional business, both organically and through acquisition."

Bluff Manufacturing has been operating for 45 years, and produces yard ramps, dock boards, dock levelers, mezzanines, cantilever racks, stairways, free-standing conveyor support structures, catwalks, work platforms, and caged ladders.
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New data reveals "mixed supply chain dynamics" for the US materials handling sector with new shipments and overall business activity increasing while new orders and inventories fell, according to the MHI Business Activity Index (BAI)... Continue reading

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