The Partners of ShoreView are pleased to announce that Monroe Engineering Group, LLC (“Monroe”), a ShoreView portfolio company, has acquired two businesses: JHP Fasteners and Wisconsin Fastener Supply.
Headquartered in Walker, Michigan, JHP Fasteners supplies fasteners and related components that are used in a broad range of industrial OEM applications. Wisconsin Fastener Supply is a distributor of fasteners, hardware, coatings, tools, chemicals that are used in industrial and automotive applications based in Manitowoc, Wisconsin.
About Monroe Engineering Group
Monroe is a supplier of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, based in Rochester Hills, Michigan. ShoreView invested in Monroe in November 2017, and these latest two acquisitions represent the seventh and eighth add-ons completed during ShoreView’s ownership. Each of the acquisitions have grown the platform’s product offering, expanded Monroe’s geographic presence, and added management depth.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.