November 30, 2017
Birmingham, Michigan, November 30, 2017 – Quarton International is pleased to announce that Monroe Engineering, a portfolio company of Ellipse Capital, has been acquired by ShoreView Industries. Quarton International acted as the exclusive investment banking advisor to Ellipse Capital and Monroe Engineering.
Monroe is a supplier of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, as well as maintenance, repair and operations applications. The Company serves customers across a wide range of end markets including aerospace, defense, medical, transportation, consumer goods, building products and other diversified industrial markets.
ShoreView Industries (www.shoreview.com), headquartered in Minneapolis, Minnesota, was founded in 2002 and manages three funds for a combined total of $900 million. The firm partners with family and entrepreneurial-owned companies that span across several business sectors. ShoreView is involved with industries such as engineered products, distribution, industrial services, business services, and niche consumer product companies.
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