Tonka Bay Equity Partners, a Minnetonka, Minn.-based private equity firm, has announced that one of its principals, Molly Simmons, has been elected as chair of the board of the Small Business Investor Alliance (SBIA). Simmons has served on the SBIA board for four years.
Tonka Bay Equity Partners LLC (“Tonka Bay”) announced that Molly Simmons, Principal, has been elected as Chair of the Board of the Small Business Investor Alliance (“SBIA”). Ms. Simmons has served on the SBIA board for four years, and brings over twelve years of middle market private equity experience to this role.
“Molly’s vision and leadership abilities will be beneficial to the SBIA Board,” said Cary Musech, Managing Principal of Tonka Bay Equity Partners. “We are confident that her experience and contacts in the private equity industry will be valuable to the organization.”
“For several years Molly has been a driving force in the reinvention and re-invigoration of the SBIA – the same type of energy and innovation she is known to bring to her investments,” said Brett Palmer, President of the SBIA. “Her ascendency to become Chairwoman of the Board is statement by her industry colleagues of the very high regard they hold her professionalism and leadership.”
“I am honored by the opportunity to serve in this role for such a dynamic organization supporting middle market investors,” Simmons said. “I am thrilled to be able to work with the rest of the board members who are leaders in the private equity investor and limited partner communities.”
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2034 or visit www.tonkabayequity.com.
About the Small Business Investor Alliance
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA members provide vital capital to small and medium sized businesses nationwide, resulting in economic growth and job creation. SBIA has been playing a pivotal role in promoting the growth and vital