Quantum Ventures of Michigan Successfully Divests in Global Industrial Manufacturer and Distributor
AUBURN HILLS, MI Quantum Ventures of Michigan, LLC (a corporate development and private investment company specializing in middle-market opportunities across a broad set of industries, today announced the successful divestiture of 3Sixty Group/Monroe Engineering Products (Monroe). A Quantum portfolio operating asset since 2004, Monroe is a global industrial manufacturing and distribution company that currently offers a broad product line with over 25,000 SKUs. Quantum completed its divestiture of the Company on June 1, 2011, when Monroe was acquired by the Chicago-based private equity firm, Ellipse Capital.
Monroe to Sponsor Orion Art Center Charity Gala
AUBURN HILLS, Mich., Feb. 16, 2011
As part of an initiative to support community involvement by its employees, Monroe, LLC, the largest specialty knob, handle and hand wheel manufacturer in the United States, today announced it will sponsor the Orion Art Centers Dragon on the Ice Dinner Gala at the Addison Oaks Ballroom in Leonard, Mich. on March 12th. All proceeds from the Gala will benefit the Orion Arts Center, which is a privately funded nonprofit organization.