Tonka Bay Equity Partners Announces Smiggen Promoted To Principal
Tonka Bay Equity Partners LLC announces Michael J. Smiggen has been named a Principal of the firm. Smiggen, who joined Tonka Bay in 1999, was promoted from Managing Director.
Beginning his professional career in 1990, Smiggen began work at Chase Manhattan Bank in New York. Prior to joining Tonka Bay, Smiggen worked in the Leveraged Finance group of US Bank. Since joining Tonka Bay, Smiggen has served on several boards of directors on the firm’s behalf; including nSpired Natural Foods, Inc. in San Leandro,CA, Coast Composites, Inc. in Irvine, CA; Ross’s Manufacturing, LLC in Escanaba, MI; and McCombs Frank Roos Associates, Inc. in Plymouth,MN.
“Mike has been a valuable member of our team,” says Cary Musech, Managing Principal of Tonka Bay Equity Partners. “His promotion to Principal reflects the value he has created for our investors and the contributions he has made to the success and growth of Tonka Bay.”
Smiggen earned his MBA cum laude at the University of Notre Dame with a focus on finance and marketing. His B.B.A. degree in finance was also from the University of Notre Dame.
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 tonkabayequity.com.
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