Tonka Bay Equity Partners Acquires Standard Locknut
November 30, 2022
Tonka Bay Equity Partners led the acquisition of Standard Locknut, LLC, a Indianapolis-based manufacturer of bearing accessories and components. Northstar Capital provided junior debt and an equity co-investment to finance the transaction; Standard Locknut was sold by Dunes Point Capital (a division of Industrial Group Holdings) as part of Tonka Bay's growth strategy to expand capabilities in engineered manufacturing.
- Buyers
- Tonka Bay Equity Partners, Northstar Capital
- Targets
- Standard Locknut, LLC
- Sellers
- Dunes Point Capital, LP, Industrial Group Holdings, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Buyout
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