Press Release
October 15, 2020

Holland & Knight Advises on Joint Acquisition of PECO Pallet

NEW YORK (October 15, 2020) – Holland & Knight advised global investment firm Alinda Capital Partners and U.K.-based higher education pension fund University Superannuation Scheme Limited (USS) on their acquisition of PECO Pallet, Inc., one of North America's largest providers of pooled rental pallets. The transaction closed on October 9.

Alinda is a global independent investment firm focused on mid-market infrastructure assets that provide essential services. Alinda has holdings in infrastructure businesses in 38 of the 50 United States, as well as in Canada, the United Kingdom and continental Europe.

USS is the largest private pension fund in the United Kingdom with £75 billion under management (as of August 2020). It has over 400,000 individual members working at more than 340 higher education institutions. It also invests extensively in infrastructure such as ports, utilities and green energy.

PECO currently operates a North American pallet pool network encompassing more than 80 facilities and 21 million pallets. The company builds, services, delivers and manages distribution of its red, high-quality block pallets for America's top consumer products, grocery and other food-related enterprises to ship goods.

Holland & Knight's representation of Alinda and USS was led by Partner Roth Kehoe. He was assisted by Partners Brian Hanafin, Robert Lorndale, Marc Druckman, Victoria Zerjav, John Dierking and Doug Gosden, and Associates Gabriella Guariniello, Nicole Martini, Kristin Padgett, Khyshboo Patel and Trevor Ruff.

More information about the transaction can be found here.

Related News and Headlines