Monroe Engineering Closes Its Ninth, Tenth and Eleventh Add-ons
The Partners of ShoreView are pleased to announce that Monroe Engineering Group, LLC (“Monroe”), a ShoreView portfolio company, has completed three add-on acquisitions in October: Lyn-Tron, Inc. (“Lyn-Tron”), A1 Casters Equipment, Inc. (“A1 Casters”), and Garland’s, Inc. (“Garland’s”).
Headquartered in Spokane, Washington, Lyn-Tron is a component supplier of electronic and connector hardware to industrial distributors and industrial product OEMs. Products include spacers, standoffs, and screws.
A1 Casters and Garland’s are both value-added suppliers of casters, wheels, hand trucks, and other components serving an OEM customer base. A1 Casters is based in Salt Lake City, Utah and Garland’s is based in Mendota Heights, MN.
About Monroe Engineering Group
Monroe is a supplier of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, based in Rochester Hills, Michigan. ShoreView invested in Monroe in November 2017, and the latest acquisitions represent the ninth, tenth and eleventh add-ons completed during ShoreView’s ownership. Each of the acquisitions has grown the platform’s product offering, expanded Monroe’s geographic presence, and added management depth.
To learn more about Monroe, visit its website at www.monroeengineering.com.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.