Professional Credit Acquires “Project Heat”

MINNETONKA, MN (February 14, 2024)Professional Credit, a Tonka Bay partner company, has closed on “Project Heat,” a group of healthcare assets from New York­­–based CCMR3. The acquisition expands Professional Credit’s market presence outside the Pacific Northwest into New York, Iowa, and Arizona as well as additional business in nine other states. “Project Heat” represents Professional Credit’s first add-on acquisition.

About Tonka Bay Equity Partners
Based in Minnetonka, Minnesota, Tonka Bay has been Building Bigger, Better Businesses® for over 25 years. Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2030 or visit

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