St. Louis, MO, April, 2011
Capital For Business, Inc.® (CFB) announced today that it recently completed the acquisition of Ocala, Florida-based Winco Mfg., LLC (Winco)
Winco manufactures medical furnishings that include recliners, privacy screens, treatment tables, phlebotomy chairs and stools used primarily in Clinical, Acute Care and Long Term Care markets. Its primary products are clinical recliners used by patients as they receive treatments for dialysis and oncology infusion.
In addition to CFB, Diamond State Ventures out of Little Rock, Arkansas co-led the investment group. The senior financing of the deal was provided by Enterprise Bank & Trust.
The acquisition included an investment from key members of the Company’s management. Jim Ankoviak, President and CEO of Winco, commented “The Winco management team couldn’t be more excited about this new chapter in our history. We are well prepared to leverage the expertise and capital base of our new partners, and we are excited that our investment partners are as passionate about the business as we are.”