Industrial Products

Standard Locknut

Standard Locknut is a manufacturer of specialized bearing components for critical function applications across a diverse set of industrial markets.

Transaction Overview

  • Represented Standard Locknut, a portfolio company of Dunes Point Capital, in its sale to Tonka Bay Equity Partners.
  • Standard Locknut is a manufacturer of specialized bearing components and related wear-parts to diversified industrial end-markets.
  • The Company’s components provide critical functionality to applications that are subject to heavy duty cycles and have a high cost of downtime.

Key Observations

  • Dunes Point Capital was seeking liquidity on its investment and Standard Locknut was seeking a partner to support the next phase of growth, including a potential add-on strategy.
  • Tonka Bay provides Standard Locknut with prior experience across multiple similar industrial investments and an aligned focus on growth.

Drivers of Interest

  • Large installed base with significant, regular MRO requirements driving recurring customer demand.
  • Long-term customers with high barriers-to-entry and significant switching costs resulting from deep application expertise, flexible operations and industry leading customer service.
  • Growing portfolio of higher-margin, value-added components, with recent investments in people, process and equipment to support future growth.
  • Experienced leadership team driving transformational growth and margin improvement with the depth to manage a much larger entity.
Read Press Release
Hennepin Partners LLC