Monomoy Capital Partners has appointed John Stewart as a partner while promoting Jaime McKenzie and Scot Duncan to director. Stewart joined the middle market private equity firm back in 2007 while McKenzie and Duncan both came on board in 2008.
NEW YORK–(BUSINESS WIRE)–Monomoy Capital Partners (“Monomoy”), a leading private equity fund focused on value investing and business improvement in middle market companies, announced today that John Stewart has become a Partner of the firm and that Jaime McKenzie and Scot Duncan have been promoted from Vice President to Director.
Mr. Stewart joined Monomoy in 2007 following a successful 18-year career at Toyota Manufacturing Co. Over the past nine years, Mr. Stewart has helped Monomoy build a world-class operations team inspired by the Toyota Production System that works with portfolio companies to create and execute the value creations programs that Monomoy underwrites and implements at each investment.
“John has been intimately involved in every Monomoy investment and portfolio company since becoming the head of our operating group in 2011, and he has played a critical role in developing the firm’s core value creation strategy,” said Justin Hillenbrand, a Monomoy partner and Co-CEO. “We cannot imagine any better partner for Monomoy and its investors.”
Ms. McKenzie joined Monomoy in 2008 as an analyst from Bear, Stearns and has earned steady promotions at the firm over the past eight years as a valuable member of the Monomoy team. “Jaime has championed a number of successful Monomoy transactions, including our recent investment in ContMid Holdings, Inc., and has played a critical role in the firm’s internal continuous improvement initiatives,” added Dan Collin, a Monomoy partner and Co-CEO. “Jaime’s experience and dedication will prove invaluable in capitalizing on our strong pipeline of potential investment opportunities.”
Mr. Duncan also joined Monomoy in 2008 following a 12-year career at Toyota and has worked extensively with Mr. Stewart over the past eight years to develop the Monomoy operations group. “Scot has led the firm’s operational improvement efforts at a number of Monomoy portfolio companies, including Cedar Electronics, and is largely responsible for implementing the firm’s distinctive approach to corporate governance throughout the portfolio,” said Stephen Presser, a Monomoy partner. “We are excited for Scot to take on more responsibilities in the operations group going forward.”
In July of 2016, Monomoy closed its third fund vehicle, Monomoy Capital Partners III, L.P., with $767 million of committed capital to pursue the acquisition of middle market businesses that can benefit from Monomoy’s focus on value creation, strategic growth and business excellence. Mr. Stewart, Ms. McKenzie and Mr. Duncan were promoted in connection with the closing of Monomoy Fund III.
About Monomoy Capital Partners
Monomoy Capital Partners is a private equity firm with $1.5 billion in committed capital that makes control investments in middle market businesses in the manufacturing, industrial, distribution and consumer sectors. Over the past 11 years, Monomoy has closed over 40 middle market acquisitions, and its companies have produced over $2.5 billion in combined sales and employed more than 10,000 associates across four continents. Monomoy designs and implements customized business improvement programs at its portfolio companies that reduce operating expenses, increase profitability and encourage growth.
Since forming the firm in 2005, Monomoy has grown from its three founders to a firm of 30 world-class investment and operating professionals. To learn more about Monomoy and its portfolio companies, please visit the firm’s website at www.mcpfunds.com.