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Announced

Completed

Tonka Bay Equity Partners completed the acquisition of Standard Locknut from Dunes Point Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

machinery parts

Diversified Industrials

Acquisition

United States

Private Equity

bearing components

Single Bidder

Friendly

Domestic

Majority

Synopsis

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Tonka Bay Equity Partners, a private equity firm based in Minnetonka, MN, completed the acquisition of Standard Locknut, a manufacturer of specialized bearing components for critical function applications, from Dunes Point Capital, a private equity firm. Financial terms were not disclosed. "SLN has a 70+ year operating history with strong brand recognition. The Company serves over five hundred customers in a diverse set of industrial markets," Dunes Point.

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