Monroe Engineering Completes Fifth Add-on Acquisition
The Partners of ShoreView are pleased to announce that Monroe Engineering Group, LLC (“Monroe”), a ShoreView portfolio company, has acquired Sattler, Inc.
Sattler, Inc. is a manufacturer of custom machined components and parts. The company’s products are integrated into industrial, defense, automotive, and other niche applications. Sattler, Inc. is located in Ira Township, Michigan. The acquisition further expands Monroe’s manufacturing capabilities.
Based in Rochester Hills, MI, Monroe is a supplier of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers. ShoreView invested in Monroe in November 2017, and the acquisition of Sattler, Inc. is the fifth add-on completed during ShoreView’s ownership. Each of the five acquisitions have grown the platform’s product offering, expanded Monroe’s geographic presence, and added management depth.
ShoreView assisted Monroe in the acquisition of Sattler, Inc. 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.