Announced
Completed
Financials
Tags
Private
Completed
machinery parts
Diversified Industrials
Acquisition
United States
Private Equity
bearing components
Single Bidder
Friendly
Domestic
Majority
Synopsis
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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