Articles from Monomoy Capital Partners

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has completed its acquisition of Jiffy Lube International, Inc., the leading quick lube and automotive service franchisor in North America, from a wholly owned subsidiary of Shell USA, Inc. for approximately $1.3 billion. The closing follows the signing of a definitive agreement announced on March 9, 2026.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has entered into a definitive agreement to acquire the leading quick lube and automotive service franchisor in North America, Jiffy Lube International, Inc., from Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc. An affiliate of Monomoy will acquire Jiffy Lube through its Fund V for approximately $1.3 billion.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced its final close for Monomoy Credit Opportunities Fund III (“MCOF III”), with over $500 million in total commitments. The fund achieved its target in just 10 months and represents more than 70% growth over MCOF II — which closed in 2023 — despite the current challenging fundraising environment.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today that its portfolio company, Thetford Corporation, has acquired Dave Carter & Associates, Inc. (“DCA”), a leading distributor of electrical, plumbing and building supplies serving the recreational vehicle and manufactured housing industries. Monomoy is the first institutional investor in the family-owned business founded in 1978.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce its sale of Astro Shapes, LLC, a leading manufacturer of custom aluminum extrusions, to Wynnchurch Capital.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today its acquisition of Oliver Packaging and Equipment (Oliver). The acquisition extends Monomoy’s track record of executing corporate carve-outs, building on the firm’s recent carve-outs of Waupaca Foundry from Proterial, Ltd. and Valtir (formerly Trinity Highway Products) from Trinity Industries, Inc. Oliver will continue to operate under its current management team, led by CEO Mitch Summerfield.

Monomoy Capital Partners, a private investment firm focused on the middle market, is pleased to announce the closing of its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.

Monomoy Capital Partners, a private investment firm focused on the middle market, announced today an investment in Southern Exteriors, a full-service installer of exterior building solutions tailored primarily for single-family homebuilders in the Southeastern United States. Management team members, including Southern Exteriors CEO and Founder Aaron Kuhn, will continue to own a meaningful stake in the company.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today its acquisition of EnviroTech Services, Inc., a leading value-add distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colo. Founded by Roger Knoph in 1989, Monomoy is the first institutional investor in the founder-owned business.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries, Inc. (NASDAQ: PATK). The transaction is expected to close on or before January 24, 2024, and is subject to customary closing conditions and regulatory approval. Monomoy invested in the founder-owned business in 2019 and has since worked alongside the management team, many of whom have been with the company for multiple decades, on significant revenue growth and operational improvement initiatives that positioned the company to be recognized as one of the premier powersports platforms in the country.

Proterial, Ltd. (“Proterial”), a leading international producer of high-performance materials for mobility, industrial infrastructure, and electronics, today announced the signing of a definitive agreement for Monomoy Capital Partners (“Monomoy”) to acquire Waupaca Foundry, Inc. (“Waupaca Foundry” or the “Company”), North America’s leading supplier of cast and machined iron castings. Waupaca Foundry will continue to operate under its current management team, led by President, CEO, and COO Michael Nikolai. Financial terms of the private transaction were not disclosed.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce the sale of Shaw Development to Madison Dearborn Partners. Shaw Development is a leading designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid (DEF) applications. Monomoy’s investment in Shaw will be reflected as one of the firm’s most successful partnerships.

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced today it has reached its fundraising target for Monomoy Credit Opportunities Fund II (MCOF II) with $300 million in total commitments. The fund has begun deploying capital and is actively involved in a number of investments to date.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, today announced that it has acquired Japs-Olson Company, a family-owned national leader in innovative direct mail marketing solutions.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced today that its pool and spa platform acquired Nordic Hot Tubs. The platform now consists of Artesian Spas, Marquis Hot Tubs and Nordic Hot Tubs.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced the sale of its portfolio company, Construction Resources Holdings, LLC (“CR”) to International Designs Group LLC (“IDG”), a portfolio company of Mill Point Capital. Terms of the transaction were not disclosed.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, today announced that it has acquired both Artesian Spas (“Artesian”) and Marquis Hot Tubs (“Marquis”) and combined them to form a leading pool and spa wellness platform. Artesian and Marquis will operate under a parent holding company with their respective management teams working in partnership. The combined platform will provide customers with a broad portfolio of outdoor aquatic products and is seeking additional acquisitions in the pool and spa market.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, held a final close on its fourth private equity fund (“Fund IV”) in November 2021. The fund was oversubscribed with commitments over $1.1 billion.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation for industrial and consumer product businesses, announced today that it acquired Cast-Crete Holdings, LLC. The transaction closed in November 2021; transaction terms were not disclosed.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has signed a definitive agreement to acquire Thetford Corporation (“Thetford”) from The Dyson-Kissner-Moran Corporation (“DKM”), a private investment company. Thetford is a leading manufacturer of mobile sanitation products for the RV, marine, camping and truck markets.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, announced today that it has signed a definitive agreement to acquire Trinity Highway Products (“THP” or the “Company”) from Trinity Industries, Inc. (NYSE:TRN) for approximately $375 million. The transaction remains subject to customary closing conditions and regulatory approval.

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold Friedrich Air Conditioning to Rheem, a global manufacturer of HVAC equipment, water heaters, boilers and commercial refrigeration solutions. Terms of the transaction were not disclosed.

Monomoy Capital Partners, a middle market private investment firm focused on operational value creation, announced today that it has entered into a definitive agreement to sell West Marine, Inc. (the “Company”) to L Catterton, the largest global consumer-focused private equity firm. Terms of the transaction were not disclosed.