News 

Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, announced that it has acquired Cont-Mid Group, LLC and Tiffin Holdings, LLC (the “Company” or “CMG”) from the Kaminski family that has owned and operated the business over the past 10 years. Terms of the transaction were not disclosed.  CMG is a $240 million manufacturer of custom-engineered metal fasteners (screws, nuts and bolts), cold formed parts and stampings for car makers, automotive suppliers, and industrial manufacturers.

CMG markets a diverse product portfolio under the trade names Continental/Midland, Jacobson, Tiffin, MSD Stamping and Minuteman Distribution. The Company’s products include safety-critical seat belt fasteners, automobile door strikers and wheel nuts.  Based in Park Forest, Illinois, the Company operates six facilities in Illinois, Indiana, Ohio and Michigan and employs 650 dedicated staff members. “We look forward to teaming up with Monomoy as we get better at everything we do,” said David Kaminski, who will remain with the business as Chief Executive Officer.  “Monomoy has a great track record in the automotive industry, and we are convinced that the Monomoy team is the right group to take CMG to the next level of excellence for our customers, suppliers and employees.” (Source: Monomoy Capital Partners)