Investment Summary

Tonka Bay Equity Partners Invests In Professional

On July 26, 2021, private equity firm Tonka Bay Equity Partners invested in business services company Professional

Investment Highlights
  • This is Tonka Bay Equity Partners’ 5th transaction in the Business Services sector.
  • This is Tonka Bay Equity Partners’ 29th transaction in the United States.
  • This is Tonka Bay Equity Partners’ 1st transaction in Washington.

Investment Summary

Date 2021-07-26
Target Professional
Sector Business Services
Investor(s) Tonka Bay Equity Partners
Deal Type Growth Capital

Target

Professional

Vancouver, Washington, United States
Professional delivers value-added accounts receivable management services to their healthcare, governmental, and utilities client base. The company combines innovative proprietary technology, industry-leading compliance, and best-in-class customer service. Professional was formed in 1933 and is based in Vancouver, Washington.

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Investor(S) 1

Investor

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 30 of 34
Sector: Business Services M&A 5 of 5
Type: Growth Capital M&A Deals 11 of 12
State: Washington M&A 1 of 1
Country: United States M&A 29 of 33
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 NuSource

Eden Prairie, Minnesota, United States

NuSource provides technology, security, and managed service solutions to financial institutions, specializing in branch transformation, ATM and ITM deployment, and physical and electronic security systems. The Company serves banks and credit unions across the United States, integrating technology to improve operational efficiency and customer experience. NuSource was founded in 1999 and is headquartered in Eden Prairie, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Seaway Plastics Engineering

Port Richey, Florida, United States

Seaway Plastics Engineering is a full-service plastic injection molding company specializing in prototype injection molding, low-volume production, and mold making. Seaway Plastics Engineering was established in 1974 and is based in Port Richey, Florida.

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