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Blue Point Capital divests stake in Alco Manufacturing

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Blue Point Capital divests stake in Alco Manufacturing

Private equity firm Blue Point Capital Partners LLC sold its stake in Elyria, Ohio-based Alco Manufacturing Corp. LLC for an undisclosed sum.

Alco makes precision turned unleaded steel, brass and aluminum couplings and fittings for various end markets, including agriculture, construction, industrial production, oil-and-gas exploration, forestry, mining, utility and material handling equipment.

Blue Point bought its stake in Alco in 2011 through Blue Point II, its 2006 vintage middle-market buyout fund, as part of an investor group.