Tonka Bay invests in United Skin Specialists

By Iris Dorbian — 5 months ago

Tonka Bay Equity Partners LLC has made an undisclosed investment in United Skin Specialists LLC. No financial terms were disclosed. Based in the greater Minneapolis area, USS is a provider of practice management services to dermatology offices in the Midwest.

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Tonka Bay invests in Quest Events

By Iris Dorbian — 8 months ago

Tonka Bay Equity Partners LLC has made an undisclosed investment in Quest Events. Frisco, Texas-based Quest Events is a drapery rental provider for the hotel, hospitality and entertainment sectors.

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Tonka Bay invests in Sierra

By Iris Dorbian — 9 months ago

Tonka Bay Equity Partners LLC has made an undisclosed investment in Sierra Corporation. Headquartered in Minnetonka, Minnesota, Sierra is a producer of custom industrial coatings, sealants and paints.

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Tonka Bay invests in NuSource

By Iris Dorbian — 10 months ago

Tonka Bay Equity Partners LLC has acquired NuSource Financial, an Eden Prairie, Minnesota-based provider of ATM services, equipment and commercial security systems. No financial terms were disclosed.

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Tonka Bay sells Checkers Industrial Safety Products to Audax

By Chris Witkowsky — 1 year ago

Tonka Bay Equity Partners has sold Checkers Industrial Safety Products to Audax Group. Broomfield, Colorado-based Checkers designs and manufactures branded industrial products dedicated to vehicular and workplace safety. Tonka Bay led a recapitalization of Checkers along with the founder in 2010. The firm also completed three add-on acquisitions during its holding period.

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Tonka Bay Equity sells AeroSystems Engineering

By Chris Witkowsky — 1 year ago

Tonka Bay Equity Partners has sold AeroSystems Engineering, which provides testing and engineering services to the aerospace and energy markets, to Gen Cap America. Tonka Bay partnered with management to buy AeroSystems Engineering in 2006. Financial terms of the deal were not disclosed.

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Tonka Bay Backs ESP

By Angela Sormani — 3 years ago

Tonka Bay Equity Partners has made an investment in Engineered Specialty Products. Tonka Bay partnered with current management in this transaction. ESP is Tonka Bay’s third investment from its recently formed third fund, with $150 million in available capital.

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Simmons Elected SBIA Chair

By Angela Sormani — 3 years ago

Tonka Bay Equity Partners has appointed principal Molly Simmons as chair of the board of the Small Business Investor Alliance. Simmons has served on the SBIA board for four years, and brings over twelve years of middle market private equity experience to this role.

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Tonka Bay Equity Partners Backs P.T. International Corporation

By Angela Sormani — 3 years ago

Tonka Bay Equity Partners has backed P.T. International Corporation. Tonka Bay partnered with current management, including president Thomas Haffner, in this recapitalization transaction. Based in Charlotte, NC, PTI is a supplier of branded European and American standard (metric & inch) industrial power transmission products.

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Tonka Bay Equity Partners Appoints Reck as Investment Associate

By Angela Sormani — 4 years ago

Tonka Bay Equity Partners has appointed Matt Reck as an investment associate. Prior to joining Tonka Bay, Reck was an associate in the Minneapolis office of Harris Williams & Co, a middle market investment bank. PRESS RELEASE Tonka Bay Equity Partners LLC (“Tonka Bay”) announced that Matt Reck has joined the firm as an Investment […]

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Tonka Bay Acquires Quick Cable in MBO

By Angela Sormani — 4 years ago

Tonka Bay Equity Partners has acquired electrical storage business Quick Cable Corporation. Tonka Bay teamed up with current management, including newly appointed president Robert Hoganson, to acquire the company from John Shannon, who will retain an ownership interest and will serve as business development advisor. Quick Cable is Tonka Bay’s first platform company in its […]

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Tonka Bay Equity Adds Jory Kutchmarek

4 years ago

Tonka Bay Equity Partners named Kory Kutchmarek as an investment associate. Previously, Kutchmarek was a manager in the Minneapolis office of the accounting firm Ernst & Young. Minnetonka, Minn.-based Tonka Bay Equity Partners focuses on lower middle market businesses in the manufacturing, business services and distribution sectors. PRESS RELEASE Tonka Bay Equity Partners LLC (“Tonka […]

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Tonka Bay Raises $150 Mln With Fund III

By Luisa Beltran — 4 years ago

Tonka Bay Equity Partners’ third fund came in at $150 million, above its initial target.

The Minnetonka, Minn.-based PE firm had planned to raise $125 million for fund III, according to a statement. Instead, Tonka Bay collected $63 million in private capital and, through the SBIC, leveraged the pool to $150 million, says Cary Musech, a Tonka Bay managing principal.

Tonka Bay didn’t use a placement agent, he says. Marketing began in February. “It went extremely quickly,” Musech says of the fundraising. Tonka Bay ended up turning away some investors, he says.

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Tonka Bay Sells Resort Co.

By PEHub Administrator — 5 years ago

Tonka Bay Equity Partners, the Minnesota-based private equity firm, is selling The Resort Company, a vacation property rental company in Colorado, to Wyndham Vacation Rentals, part of the listed Wyndham Worldwide Co. Tonka Bay recapped the company in Sept. 2007.

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Tonka Bay Equity Announces Circuit Check Dividend Recap

By Jonathan Marino — 5 years ago

Minnesota private equity firm Tonka Bay Equity Partners completed a dividend recapitalization of its portfolio company, Circuit Check Holdings, which provides test solutions for printed circuit board assemblies. Specifics on the transaction were not publicized, but Tonka Bay and other Circuit Check shareholders get a cut and the rest will be used to fund growth.

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