USS and Alinda Capital Partners completed the acquisition of PECO Pallet.

The Universities Superannuation Pension Fund, a pension fund for the Higher Education sector in the United Kingdom, and Alinda Capital Partners, an American private equity, completed the acquisition of PECO Pallet, a provider of pooled rental pallets and services to the foodservice, grocery and consumer products industries. Financial terms were not disclosed. “PECO is an excellent fit with USS’s investment philosophy of acquiring resilient businesses with a track record of sustainable growth and cashflow generation to help USS deliver a secure financial future for our members. We look forward to working with the management team and continuing our successful partnership with Alinda,” Michael Powell, USS Private Markets Group Head.