Shawn Cappello Joins Tonka Bay

MINNETONKA, MN  (August 29, 2022) — Tonka Bay Equity Partners LLC (“Tonka Bay”) announced that Shawn Cappello has joined the firm as a Director.  In this role, Cappello will assist in the execution of the firm’s overall investment activities.

Prior to joining Tonka Bay, Cappello was a Senior Director of Corporate Development at Albertsons Companies Inc., a leading national grocery retailer. Previously, Cappello was a Vice President at Cerberus Capital Management, an operationally-focused private equity firm.  While at Cerberus, Cappello was responsible for all aspects of the private equity investment lifecycle, including buy side and sell side deal execution, and portfolio management.  Before Cerberus, Cappello worked at Credit Suisse in the Investment Banking division, advising global industrial and business services companies.

“I was fortunate to get acquainted with Tonka Bay over the past two years prior to joining, and with each interaction I was more impressed with them,” Cappello said. “In addition to their track record for value creation, the team’s care for people, thoughtful decision making, and team-oriented culture resonated with me.”

“Shawn’s background in operationally-focused investing will allow him to effectively partner with business owners and boost Tonka Bay’s success building bigger, better businesses,” said Steve Soderling, Partner of Tonka Bay Equity Partners. “We welcome Shawn to the team and eagerly anticipate his contributions.”

Cappello is a graduate of the University of Notre Dame with a BBA in Finance.

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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