Tonka Bay Equity Partners announces investment in Accumold
Minnetonka, Minn (November 2nd, 2006)
Tonka Bay Equity Partners ("Tonka Bay") today announced the closing of an investment in Accu-Mold LLC (“Accu-Mold”). Tonka Bay joined with current management, including CEO Roger Hargens, and a private investment group to recapitalize the company and to provide capital for growth.
Based in Ankeny, Iowa, Accu-Mold is a precision manufacturer of micro, small and lead frame plastic components. Utilizing their proprietary micro-mold technology, the company designs and produces unique molds and components for complex micro electronics, automotive, fiber optics, medical, and military applications. (accu-mold.com)
Cary Musech, Managing Principal of Tonka Bay and an Accu-Mold board member said, "We are very pleased with the opportunity to invest in Accu-Mold and to partner with the company’s management team. Our research shows that based on their unique capabilities and innovative processes, the company is poised for significant growth.”
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.