Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has acquired Thetford Corp. from The Dyson-Kissner-Moran Corp.
Thetford is a manufacturer of mobile sanitation products for the RV, marine, camping and truck markets. The firm is a global supplier of sanitation, refrigeration and cooking services for the RV and marine industries. The firm operates across the globe and maintains facilities and offices in 10 countries.
This is the third platform investment from Monomoy Capital Partners IV, Monomoy’s fourth equity vehicle.
“Thetford’s management team has built a global brand within the RV market that has a long-standing, enthusiast customer base,” added Justin Hillenbrand, Monomoy co-CEO. “We look forward to growing the business organically as well as through M&A and believe Thetford is uniquely positioned to benefit from strong RV demand and an increasing RV installed base that will provide the opportunity to grow its aftermarket business for years to come.”
Ropes & Gray LLP provided legal counsel to Monomoy on the acquisition. Greenhill & Co., LLC served as financial advisor and Torys LLP served as legal counsel to Thetford Corporation.