| FOR IMMEDIATE RELEASE | Source:
Tonka Bay Equity Partners - www.tonkabayequity.com
Contact:
Chip Cooper, Cimarron Capital Partners
319-621-2066, |
Tonka Bay Equity Partners Announces Investment in Accu-Mold
November 2, 2006 | Minnetonka, MN — Tonka Bay Equity Partners ("Tonka Bay") today announced the closing of an investment in Accu-Mold LLC (“Accu-Mold”). Tonka Bay joined with current management, including CEO Roger Hargens, and a private investment group to recapitalize the company and to provide capital for growth.
Based in Ankeny, Iowa, Accu-Mold is a precision manufacturer of micro, small and lead frame plastic components. Utilizing their proprietary micro-mold technology, the company designs and produces unique molds and components for complex micro electronics, automotive, fiber optics, medical, and military applications. (www.accu-mold.com)
Cary Musech, Managing Principal of Tonka Bay and an Accu-Mold board member said, "We are very pleased with the opportunity to invest in Accu-Mold and to partner with the company’s management team. Our research shows that based on their unique capabilities and innovative processes, the company is poised for significant growth.”
About Tonka Bay Equity Partners
Located in Minnetonka, Minnesota, Tonka Bay Equity Partners acquires and invests in small and medium sized companies in the manufacturing and business services sectors. Tonka Bay manages two private equity funds with combined capital of $200 million. Its limited partners include major financial institutions and high net worth individuals. The funds are licensed as Small Business Investment Companies (SBICs). www.tonkabayequity.com.