PE Deals

Tonka Bay invests in IT managed services provider Corporate Technologies

Tonka Bay partnered with Jim Griffith, CEO of Corporate Technologies, and Minneapolis-based private equity firm, Northstar Capital, in this transaction.

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  • Based in Minnetonka, Minnesota, Tonka Bay Equity Partners invests in the manufacturing, business services and value-added distribution sectors
  • The firm was founded in 1998

Tonka Bay Equity Partners LLC led the acquisition of Corporate Technologies, a Minneapolis-based IT managed services provider. Tonka Bay partnered with Jim Griffith, CEO of Corporate Technologies, and Minneapolis-based private equity firm, Northstar Capital, in this transaction.

Shane Slominski, a partner at Tonka Bay, said in a statement, “Corporate Technologies has developed a reputation as the best-in-class IT managed services provider for small and mid-sized businesses, which is a large and expanding market. We’re very excited for the opportunity to partner with Jim, and the management team, to achieve the company’s next level of growth and success.”

Based in Minnetonka, Minnesota, Tonka Bay Equity Partners invests in the manufacturing, business services and value-added distribution sectors. The firm was founded in 1998.