Tonka Bay Equity Partners LLC is a private equity firm located in Minnetonka, Minnesota, established in 1998. The firm specializes in management buyouts, recapitalizations, mergers, acquisitions, and growth capital investments, focusing on lower middle market companies. It primarily targets small to medium-sized firms in highly-engineered niche manufacturing, business services, and value-added distribution sectors within the United States. Tonka Bay Equity Partners typically invests between $4 million and $10 million in companies that have an EBITDA ranging from $2 million to $10 million and annual revenues between $20 million and $50 million, with enterprise values up to $30 million. The firm does not engage in startup or turnaround situations and excludes investments in financial institutions, real estate companies, and retail industries. It provides various forms of junior capital and often seeks a majority stake in its portfolio companies, aiming to take a board seat to actively participate in their growth and development.
LightMart, established in 1998 and based in Lake Zurich, Illinois, is a leading provider of commercial and industrial lighting products. The company specializes in a wide range of offerings, including light poles, commercial light fixtures, outdoor and roadway lighting, outdoor sports lighting, as well as brackets, adapters, bulbs, and ballasts. By providing a diverse selection of high-quality lighting solutions, LightMart caters to the specific needs of its customers, ensuring they can find the appropriate products for various applications.
Standard Locknut
Acquisition in 2022
Standard Locknut, LLC is a manufacturer of precision machined components primarily serving the automotive, aerospace and defense, heavy equipment, railroad, and gear manufacturing industries. Established in 1949 and located in Westfield, Indiana, the company specializes in producing a variety of products, including locknuts, adapter sleeves, lockplates, withdraw assemblies, lockwashers, pillow blocks, and seals. In addition to these items, Standard Locknut offers services such as contract precision machining and OEM development, as well as engineering and design support. The company also manufactures bearing housings and accessories tailored for the industrial bearing market, focusing on both standard and custom solutions. Standard Locknut operates as a subsidiary of Industrial Group Holdings, LLC.
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