Monument MicroCap Partners, a Midwest-based private equity firm, announced that President Tim Hildebrand has been promoted to Co-CEO with Greg Schorr who joined Monument March 1. Hildebrand has been with Monument since 2019. Schorr has been assisting Monument since April 2022 as the Chairman of Kelly Roofing in Naples, FL, a Monument portfolio company acquired in 2021.
“This is a perfect match of skills,” said Glenn Scolnik, chairman of the firm. “Tim will concentrate on the deal side—finding, financing, and closing platform acquisitions—and Greg will focus on the operations side, helping the companies acquired by Monument achieve their growth strategies. Together, Tim and Greg will essentially manage the business of Monument with the assistance from the board of Monument as needed.”
Hildebrand has closed over 19 transactions since joining Monument (5 platforms and 14 add-ons) and Schorr has closed over 80 change of control transactions in his career. (Monument currently has one platform and one add-on under letter of intent.)
Schorr is well known in the Indianapolis business community. From January 2019 until March 2022, he was CEO of Protect Plus Air, a portfolio company of HKW, the Indianapolis-based private equity firm where Hildebrand and Scolnik and most of the partners of Monument worked for many years. Schorr’s work resulted in dramatic improvement in Protect Plus and his work at Kelly Roofing has likewise significantly improved Kelly’s financial performance. Schorr has also served as CEO of IFS, a PE backed company (manufacturer of retail display fixtures) and Custom Window Systems, another PE backed company (fabricator of windows and doors). He will continue as Chairman of Kelly Roofing and assume the role of Chairman on several other Monument owned companies.
Schorr is a graduate of Duquesne University (BSBA Accounting and MBA), worked at Deloitte & Touche in Pittsburgh, and was Vice President of PNC Bank in Pittsburgh from 1989 to 1997. Greg and his family live in Fishers IN and also Bradenton FL. Tim is a graduate of Marquette University (BS, Finance) and the University of Chicago Graduate School of Business (MBA).
Monument is focused on investments in North American businesses with EBITDA of $2-$8 million. Monument seeks to partner with management teams across a variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.
