NEW YORK--(BUSINESS WIRE)--Monomoy Capital Partners (“Monomoy”), a leading private equity fund focused on value investing and business improvement in middle market companies, announced today that Lee Mlotek has been promoted from Vice President to Director and that Kelly Myers and Rick Key have joined the firm’s Operating Group.
Mr. Mlotek joined Monomoy in 2010 from KPS Capital Partners and has earned steady promotions at Monomoy over the past seven years as a valuable member of the Monomoy team. Mr. Mlotek is a member of the Board of Directors at Gearbox Group, LLC and Construction Resources, Inc. “Lee has championed a number of successful Monomoy transactions, including our recent investment in Construction Resources, Inc., and has played a critical role building the firm’s data-driven underwriting of potential investment opportunities,” said Stephen Presser, a Monomoy partner. “Lee will continue to lead deals, source new investment opportunities and create value for our limited partners.”
Kelly Myers joins Monomoy as a Vice President after 15 years of experience in public accounting, most recently as a Senior Manager in the audit group at Grant Thornton LLP and as the Director of Internal Audit for Temper Sealy, International (NYSE: TPX). She is a Certified Public Accountant and holds a Bachelor of Business Administration and a Masters of Accountancy from the University of Tennessee at Chattanooga.
Rick Key joins Monomoy after a 20-year career of increasing management responsibility at Toyota Motor Corp. and Pon Material Handling, N.A. Mr. Key worked with several current members of the Monomoy Operating Group while they were employed in senior management roles at Toyota. He holds a Bachelor of Arts in Civil Engineering and is a certified expert and instructor in the Toyota Production System.
Both Ms. Myers and Mr. Key will work with Monomoy portfolio companies to identify value creation opportunities, implement continuous improvement projects and enhance internal controls. “We are excited to welcome Kelly and Rick to the Monomoy team,” added John Stewart, a Monomoy partner and Head of the Monomoy Operating Group. “Both bring substantial experience and skills to the value creation work we implement in middle market businesses, and they will be tremendous assets to the Operating Group and our Limited Partners as Monomoy and its portfolio of investments continue to grow.”
About Monomoy Capital Partners
Monomoy Capital Partners is a private equity firm with $1.5 billion in committed capital that makes control investments in middle market businesses in the manufacturing, industrial, distribution and consumer sectors. Over the past 12 years, Monomoy has closed over 45 middle market acquisitions, and its companies have produced over $3 billion in combined sales and employed more than 12,000 associates across four continents. Monomoy designs and implements customized business improvement programs at its portfolio companies that reduce operating expenses, increase profitability and encourage growth.
In July of 2016, Monomoy closed its third fund vehicle, Monomoy Capital Partners III, L.P., with $767 million of committed capital to pursue the acquisition of middle market businesses that can benefit from Monomoy’s focus on value creation, strategic growth and business excellence. Since the firm was founded in 2005, Monomoy has grown from three founders to a firm of over 30 investment and operating professionals. To learn more about Monomoy and its portfolio companies, please visit the firm’s website at www.mcpfunds.com.