Monomoy has never met a middle market business that we couldn’t help. Over the past ten years, Monomoy has acquired over 40 middle market companies from a variety of sellers (including family owners, public companies, lenders and financial sponsors) in a wide range of special situations (including bankruptcy, asset sales, equity sales and restructurings). We bring certainty to any sales process, and we create value by working with management to make our portfolio companies stronger, more nimble, and more profitable.
Monomoy’s portfolio companies have generated over $2.5 billion in combined sales and have employed more than 10,000 people across four continents.
Do you still fit into your favorite pair of jeans from High School? We do. And to celebrate, we created American Textile Holdings to acquire and operate one of the largest denim manufacturing operations in the Americas. AmTex produces denim fabric from raw cotton in Littlefield, Texas and makes finished jeans in Guatemala City, Guatemala. We partnered with Kingsmoor LLC, an expert apparel group, to acquire the business from a cooperative of cotton farmers. As we work the Monomoy magic on the company’s operations, AmTex is perfectly positioned to capture additional volume from the retailers who are currently re-sourcing denim production from Asia to the Americas. The best part: we get free jeans forever.
For over 50 years, Cobra Electronics has been a leader in performance electronics for enthusiasts and professional drivers. From two-way communication and power conversion to navigation and ticket protection, Cobra helps truckers, outdoorsmen, and auto enthusiasts do what they love better and easier. So whether you’re traversing the Trans-Siberian Highway on the Mongol Rally, hunting whitetail in the Pineywoods or eighteen-wheeling across I-80, Cobra is well equipped to help you. Previously traded on the NASDAQ, we acquired Cobra through a take-private transaction to expand our enthusiast electronics platform and seize opportunities to grow Cobra’s unmatched brand in new categories and geographies.
Yes, we actually own an auto component supplier that has remained healthy amid the worst industry collapse in history. Compass Automotive is a company Monomoy built out of four underperforming businesses in the automotive supply chain. Compass makes the metal components that attach your wheel to the axle and allow you to steer your car, including steering knuckles and control arms. Compass supplies nearly every automotive company in North America with lightweight, aluminum parts, which make cars more fuel efficient. We saved Compass from the automotive collapse through the relentless application of lean manufacturing and cost reduction. The company's focus on highly-engineered, safety-critical auto components has allowed Compass to prosper as the auto industry stabilizes.
CMG is an industry-leading, highly-sophisticated manufacturer of custom-engineered, safety-critical metal fasteners for the automotive supply chain. O.K., you caught us: the Company makes nuts and bolts. But CMG’s nuts and bolts (and its many other metal fasteners) are really cool and really important for keeping your car in one piece. The Company operates six facilities throughout the Midwest, employs over 650 dedicated associates and manufactures over 2,500 specialty metal fasteners for car makers, automotive suppliers and industrial manufacturers. Monomoy acquired the business in 2014 from its family owners and is working with management to continue improving productivity, customer service and product quality. So CMG is definitely a screwy investment, but it should be a good one.
Escort is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection. But we didn’t buy Escort to save on traffic tickets. We purchased Escort for its market leadership, extensive patent portfolio, global presence, and diversified approach to market. Since radar was introduced in the 1970’s as a method to enforce traffic laws, Escort has been providing an enthusiast customer base with travel intelligence through the Company’s patented radar detection technologies. The Company’s product portfolio has evolved to include some of the most innovative hardware and software technologies in the ticket protection industry, helping users drive smarter worldwide. It is true, however, that our commuting times have grown shorter since we purchased Escort.
Loved by Driver’s Ed instructors worldwide, Gearbox Group produces the parts that are making manual transmissions obsolete. Whether car or SUV, tractor or dump truck, bus or cement mixer, if it has an automated or synchronized transmission, you can bet Gearbox Group was responsible for the missing pedal. Under the Raybestos, Steel Parts, and Allomatic brands, Gearbox designs, manufactures and distributes a diversified portfolio of transmission, wet braking and steering components, with a focus on friction and reaction clutch plates that facilitate automated gear changes. Gearbox Group is a market leader known for innovation, quality and reliability that supplies the world’s foremost aftermarket distributors, automotive OEMs, Tier I auto and industrial suppliers and heavy-duty transmission manufacturers. The Gearbox team is building a leading platform in the automated transmission and wet braking niche.
Katun helps businesses save money on printing and copying expenses with low-cost replacement toner, printer cartridges and copier drums. As the pioneer of the aftermarket accessory space for printers and copiers, Katun maintains the dominant brand name and market share of off-brand accessories in the world. The company designs and engineers its products in the United States, sources them in Asia and sells them to over 18,000 customers in 150 countries. These — along with Katun's unique products and global reach — were the key reasons for Monomoy's acquisition. With our help, Katun has consolidated distribution centers and sales offices, improved product mix and introduced exciting new products. In 2010, the company acquired Media Sciences, Inc. to expand its printer products. The company has also introduced a web-based selling program and reduced inventory across its global network from Amsterdam to Argentina. So, if you want to save money on printer and copier costs, check out Katun's products at kolc.katun.com.
Sales $120 million Sector Denim Apparel HQ New York, New York CEO Robert Fowler Website www.denimatrix.com SIC Code 3152, 2211
Sales $115 million Sector Consumer Electronics HQ Chicago, Illinois CEO N/A Website www.cobra.com SIC Code 335
Sales $160 million Sector Automotive Parts HQ Franklin, Indiana CEO Craig Conaty Website www.compassautogroup.com SIC Code 3363
Sales $240 million Sector Automotive HQ Park Forest, Illinois CEO Phil Johnson Website www.contmid.com SIC Code 3452
Sales N/A Sector Consumer Electronics HQ West Chester, Ohio Website www.escortradar.com SIC Code 335
Sales $240 million Sector Copier Accessories HQ Minneapolis, Minnesota CEO Todd Mavis Website www.katun.com SIC Code 5044 and 5112