https://www.morningsidepi.com/index daily 1.0 2024-02-06 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487862467911-P3Z02ARIOVB5S1ON64A0/image-asset.jpeg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489510748594-NL0Y5AS2E1EQZ47QVWEO/MPI-1.jpg HOME OUR PHILOSOPHY Value creation through earnings growth. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838309659-VSOM7G4Q4I7GD7OKL2PK/MPI+copy+5.jpg HOME OUR HISTORY Investments in over 40 companies from ships to railroads to log homes. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838364079-G94KQIEYQP1UV8MW9OEO/MPI+copy.jpg HOME OUR DIFFERENTIATION No fees. Low leverage. Long tenure. Material principal investment.   https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838275153-Q04569HCDT41764UFWV0/MPI+copy+3.jpg HOME OUR FOCUS Shared objectives. Growth oriented climate. Value creation. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1488027597697-074DO36UGKXGVPHMD522/465.jpg HOME WHERE WE INVEST In companies undergoing ownership transition or experiencing industry change. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487699236630-S9H3H4EVZ631RG874K8W/shutterstock_60643693.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521959696-5MFAOQEXQVZGINSOHNEO/MPI-31.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521977527-5NCPTFBRHW4Q765Y2JX7/Pelican+Point+Terminal+01-08-2013+%28002%29.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487801644354-LZISHTPMODOK2NAJ0GTO/shutterstock_265613744.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489513456955-39NOHQDF6JVLR03V7FK0/MPI-35.jpg HOME 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https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489522238426-2U59FPHD73FAQ4CROL6O/MPI-invvest-50.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487801719066-IVMEGLL35IB2AM0CXNUS/shutterstock_65199403.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489533027943-BGO5SQCR9MKGM39QE0BE/IMG_2226.JPG HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489533201659-DNTRIDLX4WGDXUFFL8IN/_MG_0718.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489513921060-FB2RXXQZ01MBMFFLJ76E/MPI-40.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487874082103-QTOJ6GKSEJB2RHW2HKND/shutterstock_68627788+%281%29.jpg HOME https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1488026356899-O82RYFS66I3UT1RRR2OK/P7110017-lr.jpg HOME 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https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-sanger-oaks-multi-family-property monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/tile-shop-holdings-inc-and-jwc-acquisition-corp-announce-closing-of-business-combination monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-anderson-springs-multi-family-property monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-autumn-ridge-multi-family-property monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningside-invests-in-dakota-bodies-inc-to-support-growth monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/dakota-bodies-expands-plant monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/new-platform-investment-in-long-range-product-tankers monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/magnatech-refinances-debt monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningside-private-investors-commits-equity-to-form-new-global-transportation-company monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/southland-log-homes-recapitalizes-balance-sheet monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/southland-log-homes-expands-sales-office-footprint monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-continues-apartment-sales-in-texas monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningside-private-investors-winds-up-presspass monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-another-houston-apartment monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningside-private-investors-forms-new-pool-of-equity monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-final-dallas-area-apartment monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningsides-forms-dino-investments-ii monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/southland-log-homes-expands-sales-office-footprint-1 monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningsides-long-range-tankers-lr1s-exit-shipyard monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/crestmarc-exits-valley-ridge-apartments monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/dakota-bodies-recapitalizes-balance-sheet monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/3/16/morningside-private-investors-celebrates-30-year-anniversary monthly 0.5 2017-03-16 https://www.morningsidepi.com/news/2017/6/1/dakota-bodies-celebrates-20-year-anniversary monthly 0.5 2017-06-01 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1496342690503-XYKJZT34C59WG99WTHFX/Dakota+Bodies+20+Year+Anniversary+-+June+2017 News - DAKOTA BODIES CELEBRATES 20 YEAR ANNIVERSARY https://www.morningsidepi.com/news/2017/10/25/dakota-bodies-breaks-ground-on-plant-expansion monthly 0.5 2017-10-25 https://www.morningsidepi.com/news/2017/07/01/southland-log-homes-moves-and-expands-plant monthly 0.5 2017-10-25 https://www.morningsidepi.com/news/2017/10/25/moningsides-shipping-team-purchases-3rd-panamax-tanker-lr1 monthly 0.5 2017-10-25 https://www.morningsidepi.com/mpihp daily 0.75 2017-09-19 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489510748594-NL0Y5AS2E1EQZ47QVWEO/MPI-1.jpg MPI-hp OUR PHILOSOPHY Value creation through earnings growth. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489510748594-NL0Y5AS2E1EQZ47QVWEO/MPI-1.jpg MPI-hp OUR PHILOSOPHY Value creation through earnings growth. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838259115-NPW7O4DCHOPB9IM1BYA0/MPI+copy+2.jpg MPI-hp Our Philosophy Value creation through earnings growth https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838309659-VSOM7G4Q4I7GD7OKL2PK/MPI+copy+5.jpg MPI-hp OUR HISTORY Investments in over 40 companies from ships to railroads to log homes. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838364079-G94KQIEYQP1UV8MW9OEO/MPI+copy.jpg MPI-hp OUR DIFFERENTIATION No fees. Low leverage. Long tenure. Material principal investment.   https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1488027844304-2SQ76S2JLXW8W0ZJZ2MU/5512.jpg MPI-hp laksfldas lsdkflskd https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838275153-Q04569HCDT41764UFWV0/MPI+copy+3.jpg MPI-hp OUR FOCUS Shared objectives. Growth oriented climate. Value creation. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1488027597697-074DO36UGKXGVPHMD522/465.jpg MPI-hp WHERE WE INVEST In companies undergoing ownership transition or experiencing industry change. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1488027788844-50T7WJ96G5WM9C7H81VZ/5512.jpg MPI-hp laksfldas lsdkflskd https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487838353540-6B02ANQVZ4Y7MEYBG37J/MPI.jpg MPI-hp HOW WE ARE DIFFERENT? We don’t use excessive leverage when we recapitalize our portfolio companies.   https://www.morningsidepi.com/currentinvestments daily 0.75 2017-03-10 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142145635-V9QNVQDYJT72TX8ZRBZX/mpi-inv-6.jpg current-investments - Crestmark CrestMarc was created to buy and refurbish “B” quality multi-family apartment complexes in fundamentally sound markets that have suffered from financial distress and subsequent neglect during the great recession. MPI invested a substantial amount of equity in CrestMarc which enabled it to acquire 10 multi-family properties in Texas and Oklahoma. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142145635-V9QNVQDYJT72TX8ZRBZX/mpi-inv-6.jpg current-investments - Crestmark CrestMarc was created to buy and refurbish “B” quality multi-family apartment complexes in fundamentally sound markets that have suffered from financial distress and subsequent neglect during the great recession. MPI invested a substantial amount of equity in CrestMarc which enabled it to acquire 10 multi-family properties in Texas and Oklahoma. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142146545-POCH6KUMADHR3C0TGH5L/mpi-inv-7.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142146611-TYJIAUXY9AW4XESPUZTX/mpi-inv-5.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142148221-06PWVYF7B0LUVDGXQXQV/mpi-inv-8.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142147206-8UIX3JZFX1VQCKPP55ZV/mpi-inv-4.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142150006-HNBZEASZO3MGBCRY1EK7/mpi-inv-2.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142149065-2J6BTUEW8QVHAD1NDEUI/mpi-inv3-.jpg current-investments https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489142149718-N8G9LYZ3ETTY5GGTCAB4/mpi-inv-.jpg current-investments https://www.morningsidepi.com/morningside-private-investors-approach daily 0.75 2018-01-17 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg Our Approach https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Our Approach https://www.morningsidepi.com/our-criteria daily 0.75 2018-02-28 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg Our Criteria https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Our Criteria https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg Our Criteria https://www.morningsidepi.com/guiding-principles daily 0.75 2018-05-02 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Our Guiding Principles https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg Our Guiding Principles https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg Our Guiding Principles https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524691672142-EPPKYKKLZGUFVF30KX99/mpi-mess4-structure-A.gif Our Guiding Principles https://www.morningsidepi.com/client-continuation daily 0.75 2018-07-05 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Client Continuation https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg Client Continuation https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1529632897944-TAMHXDRZNL1BFR4V1215/MPI-5.png Client Continuation https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524691672142-EPPKYKKLZGUFVF30KX99/mpi-mess4-structure-A.gif Client Continuation https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg Client Continuation https://www.morningsidepi.com/how-we-fit daily 0.75 2018-08-27 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg How We Fit https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg How We Fit https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1529632897944-TAMHXDRZNL1BFR4V1215/MPI-5.png How We Fit https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg How We Fit https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524691672142-EPPKYKKLZGUFVF30KX99/mpi-mess4-structure-A.gif How We Fit https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1536079999947-ZCGMQ2AC5ZAJ2D3KTI1T/MPI-Msge6.png How We Fit https://www.morningsidepi.com/after-closing daily 0.75 2018-11-27 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1536079999947-ZCGMQ2AC5ZAJ2D3KTI1T/MPI-Msge6.png After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524691672142-EPPKYKKLZGUFVF30KX99/mpi-mess4-structure-A.gif After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1529632897944-TAMHXDRZNL1BFR4V1215/MPI-5.png After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg After Closing https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1543416972893-I0FIRO8JMBKLKU87KULH/MPI7-3.png After Closing https://www.morningsidepi.com/the-exit daily 0.75 2019-02-13 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515151843416-TYR4C19Q073PITN7VMA7/M2c.jpg New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1543416972893-I0FIRO8JMBKLKU87KULH/MPI7-3.png New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519841574935-4MJ3XMEIMI6AP3ZAFBMH/Morningside_022818.jpg New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524691672142-EPPKYKKLZGUFVF30KX99/mpi-mess4-structure-A.gif New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1529632897944-TAMHXDRZNL1BFR4V1215/MPI-5.png New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1536079999947-ZCGMQ2AC5ZAJ2D3KTI1T/MPI-Msge6.png New Index https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1548787760997-3RDSA0D7VZ0UEKUK3X2M/MPI-Message8_selected-02.png New Index https://www.morningsidepi.com/about daily 0.75 2022-04-06 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489070947269-SIYDI0H7W6J3LC6B370K/mpi.jpg About Us https://www.morningsidepi.com/investments-current-past daily 0.75 2024-06-24 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/6ae83d64-c271-476a-930c-2aaa165f9ba7/image-asset.jpg Our Investments The company is the leading provider of security monitoring systems for apartment complexes in the U.S. and also has a residential/commercial security component. We exited this investment in 1990s. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521045594-8PD6IJL79OF5X4LHMUQ5/image-asset.jpeg Our Investments Morningside created a retirement community management company in conjunction with an experienced industry operator. This platform was used to acquire four very large distressed retirement communities that incorporated independent living, assisted living and nursing homes on a single site. In addition, we managed properties for others on a third party basis. We exited this investment in the 1990s. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489517993853-2EP9BCAFVIUBQUNQY6T7/image-asset.jpeg Our Investments AlphaTherm manufactures proprietary heated windshield washer fluid systems for automobiles. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520425195-91OAP4X99LOESFDUELVO/image-asset.jpeg Our Investments During the 2002 recession, MPI formed an investment entity to create a portfolio of public, but illiquid distressed debt and equity securities of industrial companies that we had come to know over a long period of time prior to the investment. We successfully exited this portfolio in 2006 during the upturn in the economy. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521172382-X4QH0OTMVFMF4IN7WOHC/image-asset.jpeg Our Investments Hartco was a mail hauler under long term contracts for the U.S. Post Office. We expanded the business through four add-on acquisitions in the same industry over a period of twelve years. We exited this business in 2001. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520189511-X4CP6WZQ63ON2C4IKTXO/image-asset.jpeg Our Investments ANZ is the leading bulk liquid terminal owner/operator handling chemicals and agricultural products in both Australia and New Zealand. The company was an orphaned division of a large U.S. publicly traded corporation that we were able to acquire based on our previous investment experience with Shore Terminals, a large family-owned bulk liquid terminaling company. We exited the investment in October 2014. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1490523359877-LQAFTLB6S8XBHGNQP9V7/mpi-inv-4.jpg Our Investments MPI invested in Dakota Bodies, one of the largest utility body manufacturers in the US, to support its national growth plans. We exited this investment in 2020. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520975462-OHAFPQ8O7S1KI5JIPVTJ/image-asset.jpeg Our Investments Arthur Building Systems was a distressed manufacturer and lessor of modular buildings in the Northeast with very strong market positions in the core end-use markets of schools and prisons. We acquired the business during a downturn in the banking system. We exited this investment in 2003. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1578379303184-8JM8N611JYX2KXQW8EQR/MPI-Vonlane.png Our Investments MPI invested in Vonlane, a provider of scheduled luxury bus service that began in Texas and is expanding to other states. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489517982727-0TMTEFOVP0WW6ZN3W1M3/image-asset.jpeg Our Investments MPI recapitalized, along with management, the leading global braiding machine manufacturer in the industrial and hydraulic hose industries. Magnatech's products are used in a variety of industries including infrastructure, transportation, energy and mining. Its customers have signficant operations in the U.S. and Europe and rapidly growing operations in high growth economies such as China, India and Eastern Europe. We are actively seeking add-on acquisitions for the company. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489517865706-YDTQNUXZB3YDVP4P3VEQ/image-asset.jpeg Our Investments MPI has invested $25 million into a manufacturer of equipment used in commercial and industrial construction. This investment was sold in August 2023. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521062076-5QKGF7TTYOE3XPIXHMKG/image-asset.jpeg Our Investments MPI invested with an established St. Louis family company - with a long history in the barge and towboat business - to acquire boats and barges at a time of industry distress. We exited this investment in the 1990s. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520301518-844PDI0FG0DFLQBT1ZNZ/image-asset.jpeg Our Investments MPI invested in the shares of two publicly traded railcar manufacturing and leasing companies during a time of distress to support their strategic plans. We exited the last of these investments in 2006. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520474886-8K0STOVQ91BRMOGU2B72/image-asset.jpeg Our Investments MPI acquired the independent bulk liquid terminaling business of Wickland Oil on the West Coast, primarily focused on handling crude oil and refined petroleum products. We subsequently acquired the terminaling assets of an independent refiner on the West Coast (Time Oil) and became the largest competitor on the West Coast. We exited this investment in 2002. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520275757-ZBV16BES02UNEKFQTX10/press+pass.png Our Investments PressPass is a sports trading card and memorabilia company. We exited the investment in 2014. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520507161-1KJRDPMP4G3LWU9BHOY2/image-asset.jpeg Our Investments MPI created this business to acquire short line railroads, ultimately acquiring nine railroads ranging in size from 20 miles to 600 miles. We centralized management functions and improved the operational performance of the businesses. We exited this business in 2003. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489518030046-PVGPPYR00R7EB6GFODUC/image-asset.jpeg Our Investments MPI recapitalized Southland Log Homes, North America’s largest designer and manufacturer of log homes. Headquartered in Irmo, SC with 20 log home models from Texas to Florida to Massachusetts, Southland has sold over 30,000 log homes in the United States, Canada, Europe and Japan. Our investment has enabled the company to grow its geographic footprint and increase its leading market share. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520324763-BWQCH2SJFGINMNQRUO10/image-asset.jpeg Our Investments Taylor Made is the undisputed leader in framed glass windshield technology for the boating industry and is the world's largest manufacturer of marine glazing systems. MPI invested at the downturn of the 2007 recession to support the company's operations and exited the investment in 2012 once the company had recovered. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489518204163-TOQQGY1G766SAYETITXL/mpi-inv-6.jpg Our Investments CrestMarc was created to buy and refurbish “B” sound markets quality multi-family apartment complexes in fundamentally that have suffered from financial distress and subsequent neglect during the great recession. MPI invested a substantial amount of equity in CrestMarc which enabled it to acquire 10 multi-family properties in Texas and Oklahoma. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489520951774-NMUZLVRTF7KWE0ZR35X3/image-asset.jpeg Our Investments a competitor, Miller-Meteor, the business combination resulted in a profitable enterprise. We exited this investment in 2003. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489517623877-EEGZ847OHQYN7582O9P1/image-asset.jpeg Our Investments MPI has backed a tenured commercial and technical ship management team to purchase, operate and maintain LR1 product tankers. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521015793-1SUXVSXNIFYSOB6B36H4/image-asset.jpeg Our Investments MPI invested in conjunction with an experienced pipeline/gathering system operator in Oklahoma, acquiring three additional small gas gathering systems in Texas and Oklahoma. We exited this investment in the 1990s. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489518004546-U392NU38PWCBV98H2OGT/image-asset.jpeg Our Investments For the last 25 years, The Tile Shop has been at the forefront of the DIY industry. They are an independent alternative to big box retailers, offering the kind of unique tile and stone products that cannot be found anywhere else. MPI made an investment in 2002 to allow the CEO to consolidate ownership, to provide partial shareholder liquidity and to provide growth capital for new stores. Since then, the number of stores increased from 17 to 100. We took the company public in August 2012 (NASDAQ Ticker: TTS) and increased the debt facility to $100 million to support the company's growth plans. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521199413-WL5HSK985FI1X6GIS65H/image-asset.jpeg Our Investments Enerfin is a large gas gathering and processing system located primarily in the Southwest. As a result of operational and contractual changes we made with our customers, the value of the business was dramatically improved through cash flow growth. We exited this business in 1990s. https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489068065175-110SGV47JR1VFRZIYA1W/shutterstock_473244196.jpg Our Investments https://www.morningsidepi.com/team daily 0.75 2024-02-06 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489514353395-HMGPLXS8W2BJ2DP1L871/MPI-TEAM-.jpg TEAM https://www.morningsidepi.com/criteria daily 0.75 2020-01-03 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1489521480555-CG1DEN74BT9A07AMH6JY/MPI-INV-crit.jpg Investment Criteria https://www.morningsidepi.com/contact-us daily 0.75 2024-02-06 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487862467911-P3Z02ARIOVB5S1ON64A0/image-asset.jpeg Contact Us https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1487841095707-JL2CSKJ10B3OKXHXD11W/shutterstock_556513975.jpg Contact Us https://www.morningsidepi.com/morningside-difference daily 0.75 2017-05-15 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1494871966443-61MUTFI7DWAL7G3PYVEP/MPI-difference.png Morningside Difference https://www.morningsidepi.com/morningside-private-investors-1-about daily 0.75 2017-11-02 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Who Is Morningside? https://www.morningsidepi.com/who-is-morningside daily 0.75 2017-11-09 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1509134303634-DXFMTAZNDGDI5XWOL5SP/WhoIsMorningSide-FB.png Who Is Morningside https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1510238424729-HRBN57EOC7B26VNLWWXW/WhoIsMorningSide-FB-1.png Who Is Morningside https://www.morningsidepi.com/new-year daily 0.75 2018-01-14 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515960510377-RMKOH9A10C8D0ECG7GHL/MorningSide-PI-NewYear-FB.png New Year https://www.morningsidepi.com/criteria-1 daily 0.75 2018-02-27 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1515960510377-RMKOH9A10C8D0ECG7GHL/MorningSide-PI-NewYear-FB.png Criteria https://www.morningsidepi.com/where-do-we-invest daily 0.75 2018-02-28 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519792972447-50YEOX63I153Z4UJI0TL/MPI-m3_MPI-FB+copy.png Where Do We Invest https://www.morningsidepi.com/morningside-key-criteria daily 0.75 2018-02-28 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1519837821092-YHLPSCD2V6XDLMEAZOLZ/Morningside+Key+Criteria Morningside Key Criteria https://www.morningsidepi.com/morningside-core-values-2 daily 0.75 2018-04-25 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1524664723503-PBBX2GWHH76Y8OENRTD5/Message4-movement.jpg Morningside Core Values 3 https://www.morningsidepi.com/mpi-guiding-principles daily 0.75 2018-05-03 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1525313676375-GOGIVINAFREC9D3AFB9L/MPI-Message_4-01.png Morningside's Guiding Principles https://www.morningsidepi.com/mpi-client-continuation daily 0.75 2018-07-05 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1530812944869-A423DBVUR1RNX1WIX124/Message+5+of+8 Morningside Client Continuation https://www.morningsidepi.com/morningside-how-we-fit daily 0.75 2018-09-10 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1536598061920-QMTOSQHOP2PC5X8YQO3O/Morningside-Private-Investors-How-we-fit.png Morningside How We Fit https://www.morningsidepi.com/morningside-after-closing daily 0.75 2020-06-19 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1543585926394-YZS7ND5UCI3PS2XCPZYF/Morningside+Private+Investors+After+Closing Morningside After Closing https://www.morningsidepi.com/morningside-about-4 daily 0.75 2019-01-22 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1505834446014-GUMOT098JIYQZHZ91R41/Morningside-1sqsp.jpg Copy of Morningside About https://www.morningsidepi.com/morningside-the-exit daily 0.75 2019-01-29 https://images.squarespace-cdn.com/content/v1/58a463acd482e9bca4b92f5d/1548797887435-0ALSPJ1ZMVXZ1MK368F4/MPI-Message8_selected-03.jpg Morningside The Exit