Calibre News
Calibre Group Augments Team With Additional Hires
/ Sept, 1 2022 / Calibre Group, a middle-market Industrial-focused private equity fund, is excited to announce the hiring of two team members to support the firm’s continued growth. Josh Cunningham is joining the firm as the Head of Business Development and Eryk Stunda is joining the firm as an Analyst.
Calibre Group Divests Stake in Material Sciences Corportation
/ May 17, 2019 / For Release - May 15, 2019 Calibre Group Divests Stake in Material Sciences Corporation Calibre Group, an Industrials-focused merchant bank, announced today that it has sold its remaining stake in Material Sciences Corp. ("MSC") to Sky Island Capital. Terms of the transaction were not disclosed. “We thoroughly enjoyed supporting the MSC management team and employees in growing the business,” said Jim Tumulty, founder and CEO of Calibre Group.
Specialty Steel Works
/ Nov 15, 2017 / Calibre is pleased to announce its investment in Specialty Steel Works, Inc. (“SSW”), one of N. America’s leading independent manufacturers of specialty steel products. Operating through its three wholly-owned subsidiaries, Michigan Seamless Tube & Pipe, Niagara LaSalle and Corey Steel, the company produces highly engineered seamless cold drawn pipe and tube, and cold finished steel bars and flats. Calibre closed its purchase of a minority position in the debt and equity of exit financing following the predecessor’s Ch. 11 bankruptcy.
Calibre invests in Material Sciences Corporation
/ Jan 3, 2017 / Calibre is pleased to announce its investment in Material Sciences Corporation (“MSC”), a leading provider of material-based solutions for acoustical, lightweighting and coating applications. Calibre closed its purchase of a minority position in the management sponsored buyout of the company.
The MSC investment fits perfectly with Calibre since we have extensive experience with the Company going back many years and James Tumulty has joined the board of directors at MSC. We are thrilled to have it as a portfolio investment. We look forward to working with our partners on the management team to help the company thrive and grow.
Calibre Group invests in Miami Valley Steel Service
/ Nov 24, 2014 / Calibre Group, LLC (“Calibre”) is pleased to announce its first proprietary investment in Miami Valley Steel Service (“Miami Valley”), an independent, western Ohio based flatrolled steel service center. Calibre closed the equity purchase alongside management and existing shareholders. “The Miami Valley investment fits perfectly with Calibre since we have extensive experience with the Company going back over nine years. We are thrilled to have it as our first portfolio investment. We look forward to working with our partners on the management team to help the company thrive and grow.”
Calibre fund looks to target metals investments
/ Jan 7, 2014 / NEW YORK — James "Jim" Tumulty, a veteran investment banker with a track record in metals and manufacturing, and key members of the team he led at Seaport Group LLC have united to form Calibre Group LLC, a private equity fund that will provide merchant banking services to the "Rust Belt" manufacturing sector.
We are pleased to announce the formation of Calibre Group
/ Jan 6, 2014 / PITTSBURGH — Calibre Group will be led by Jim Tumulty and will provide advisory and proprietary capital solutions to companies in the metals, paper, container, manufacturing and energy sectors. Our focus is on industry groups where we have deep operational experience, especially those with unionized workforces or complicated financial or operational issues. Calibre will bring the hands-on, bottom-up approach to finding solutions for its clients that people have come to expect from Jim, Ed Siegel and their team.