Wingate Partners has acquired MPI Products from Monomoy Capital Partners. MPI is a maker of fineblanked metal components for powertrain systems, hydraulic systems and other safety-critical automotive and industrial applications. Fineblanking is a dual-pressure stamping process for cutting, shaping and machining of highly engineered metal components that produces parts with uniform flatness, dimensional accuracy and near-net finish. MPI employs over 700 team members at three North American manufacturing facilities and its corporate headquarters. Monomoy Capital had backed MPI since 2012.