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July 4, 2005

What's In A Name?

Editorial Staff
July 4, 2005


Monomoy was once a peninsula that extended south from Chatham at the elbow of Cape Cod's curling arm, but the rushing waters of the Atlantic have since cut it into two separate islands. Throughout the 18th and 19th centuries, the waters surrounding Monomoy were revered as a graveyard for ships and vessels, mostly due to Pollock Rip, a region of unusually strong tidal currents south of the two islands. It was the Pollock Rip that caused the Pilgrims to enter Cape Cod Bay and settle at Plymouth instead of continuing southward to Virginia. And it was the same currents that were the ruin of many a ship until 1823, when a lighthouse was built to warn vessels to steer clear.

This is the history that Stephen Presser, a principal at Monomoy Capital Partners, chose to invoke when he founded the small-market turnaround firm in March 2005. "Many ships ran aground, until a lighthouse was installed to guide ships to safety," Presser told Buyouts. "That's what we plan to do, guide businesses safely ashore, or send them safely out to sea." Presser and Monomoy's three other founding principles all spun out of KPS Special Situations, a New York based turnaround firm that focuses on distressed middle-market companies.

 

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IN THE NEWS

April 27, 2012
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February 10, 2011
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September 14, 2009
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June 1, 2009
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March 30, 2009
NY Shop Forges Auto Parts Niche Platform
Monomoy Capital Partners is fast at working carving out a niche for itself in teh beleagured auto parts industry. The New York-based fim has now coralled its fourth add-on for Compass Automotive Group Inc., a company it's using as a platform to roll-up businesses in teh auto-related aluminium casting industry…

March 18, 2009
Monomoy adds on to automotive platform

PRESS RELEASES

July 25, 2014
Monomoy Capital Partners Acquires The Continental-Midland Group

June 9, 2014
Monomoy Capital Partners and Kingsmoor LLC Acquire the Denim Manufacturing Division of The Plains Cotton Cooperative Association

December 3, 2013
Monomoy Capital Partners Sells Heat Transfer Products Group, LLC

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Monomoy Capital Partners Sells High Performance Industries, Inc.

October 7, 2013
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May 21, 2013
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January 31, 2013
EveryWare Global, Inc. and ROI Acquisition Corp. Announce Execution of Merger Agreement