July 4, 2005
What's In A Name?
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.
IN THE NEWS
April 27, 2012
Little Private Equity Firm Gets a Big Spotlight
Monomoy Capital Partners, the mid-market private equity firm whose work at Oneida, the flatware giant, was featured in DealBook in January, is quickly becoming the most popular private equity firm in town.
April 26, 2012
My Life in Private Equity
Inside the weirdly obsessive, suprisingly creative world of a corporate efficiency expert.
February 10, 2011
Faith in the system
Monomoy Capital Partners, which recently closed its second fund on more than $400m, has developed a unique system as part of its turnarounds of struggling companies that borrows heavily from Japanese business philosophies.
September 14, 2009
Everything Must Go
Despite the cheerless news, several investors anticipate even more bankruptcies and the shuttering of plants.
June 1, 2009
Icing On The Cake: Hilco, Monomoy Order Dessert
Monomoy Capital Partners Principal Dan Collin tried, but couldn’t exactly sample every product that his firm’s newest add-on company makes....
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
December 3, 2013
Monomoy Capital Partners Sells Heat Transfer Products Group, LLC
October 24, 2013
Monomoy Capital Partners Sells High Performance Industries, Inc.
October 7, 2013
Monomoy Capital Partners Acquires Escort Inc.
November 29, 2012
Monomoy Capital Partners Acquires MPI from Revstone Industries