Tonka Bay Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Tonka Bay Equity Partners has acquired 1 company. It has also invested in 1 other.

Tonka Bay Equity Partners’ most common sectors for investment are healthcare services (18%) and manufacturing (11%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (45%) and growth capital (35%). In total, Tonka Bay Equity Partners has invested in 14 US states and 2 different countries.

In the last 3 years, Tonka Bay Equity Partners has exited 5 companies. The Firm’s most common exit type is trade sale (48%).

Join Mergr to view Tonka Bay Equity Partners’ full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity29
    • M&A Sell Activity21
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 24
  • M&A Advisors 3

Tonka Bay Equity Partners

301 Carlson Parkway, Suite 325,
Minnetonka, Minnesota 55305
United States
(952) 345-2030
www.tonkabayequity.com
info@tonkabayequity.com

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


Investment Criteria

Sectors of Interest: Aerospace, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Electronics, Food, Healthcare Services, Leisure, Machinery, Manufacturing, Packaging, Plastics, Safety/Security, Semiconductors, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 2 -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 27 - - - 1 1 29
Sell (1.6/yr) # 13 3 1 3 - 1 21
  50

Most Recent M&A

Company Date Value Type
NuSource Financial LLC 2021-02-16 - Secondary Buyout
Eden Prairie, Minnesota · www.nusourcefinancial.com
Orange Tree Employment Screening LLC 2021-02-02 - Growth Capital
Edina, Minnesota · www.orangetreescreening.com
E-Cloth Ltd. 2020-08-25 - Buyout (LBO, MBO, MBI)
Kent, United Kingdom · www.uk.e-cloth.com
FreshPack Produce, Inc. 2019-07-09 - Add-on Acquisition
Denver, Colorado · www.freshpackproduce.com
AppleWhite Dental Partners 2019-06-03 - Add-on Acquisition
Dubuque, Iowa · www.applewhite-dp.com
Quest Events LLC 2019-01-08 - Secondary Buyout
Frisco, Texas · www.questevents.com
P.T. international Corp. 2018-01-11 - Secondary Buyout
Charlotte, North Carolina · www.ptintl.com
CORWIL Technology Corp. 2017-09-12 - Add-on Acquisition
Milpitas, California · www.corwil.com
NPI/Medical 2017-05-09 - Add-on Acquisition
Ansonia, Connecticut · www.npi-med.com
Q Management Services LLC 2017-04-04 - Add-on Acquisition
Rochester, New York · www.qdental.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 1 (14%) - 5 (17%) -
Manufacturing - - 3 (10%) -
Aerospace - - 2 (7%) -
Business Services - - 2 (7%) -
Distribution - - 2 (7%) -
Plastics 1 (14%) - 2 (7%) -
Safety/Security - - 2 (7%) -
Semiconductors 1 (14%) - 2 (7%) -
Test/Measurement Equipment 1 (14%) - 2 (7%) -
Chemicals - - 1 (3%) -
Consumer Products 1 (14%) - 1 (3%) -
Consumer Services - - 1 (3%) -
Electrical Equipment 1 (14%) - 1 (3%) -
Leisure - - 1 (3%) -
Machinery - - 1 (3%) -
Staffing 1 (14%) - 1 (3%) -
Total 7 - 29 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (86%) - 28 (97%) -
  Minnesota 3 (43%) - 10 (34%) -
  Colorado - - 3 (10%) -
  Wisconsin 1 (14%) - 2 (7%) -
  Iowa - - 2 (7%) -
  California - - 2 (7%) -
  Georgia 1 (14%) - 1 (3%) -
  Florida 1 (14%) - 1 (3%) -
  West Virginia - - 1 (3%) -
  Texas - - 1 (3%) -
  North Carolina - - 1 (3%) -
  New York - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Massachusetts - - 1 (3%) -
  Connecticut - - 1 (3%) -
United Kingdom 1 (14%) - 1 (3%) -
Domestic 6 (86%) - 28 (97%) -
Cross-border 1 (14%) - 1 (3%) -
Total 7 - 29 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (43%) - 13 (45%) -
Growth Capital 4 (57%) - 10 (34%) -
Secondary Buyout - - 4 (14%) -
Divestiture - - 1 (3%) -
Recapitalization - - 1 (3%) -
Total 7 - 29 -

Exits by Deal Type

Type Total # Value
Secondary Sale 10 (48%) -
Trade Sale 10 (48%) -
Trade Sale - Public Company 1 (5%) -
Total 21 -

Top M&A Advisors

Financial Deals
William Blair & Co. LLC
 1
Bayview Capital Group LLC
 1
Lincoln International
 1

M&A Connections

Deals
Acquired from
Investor(s)
14%
4 (14%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
48%
10 (48%)
Strategic(s)
48%
10 (48%)

Investor Summary

Size

Middle-Market

PE Assets

350M USD

Established

1998

Specialist/Generalist

Generalist

Leadership

Jane King

CFO

Peter Kooman

Co-Founder & Partner

Cary Musech

Founder & Partner

Shane Slominski

Partner

Steve Soderling

Partner

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