Posts Categorized: Portfolio News

Mangrove Supports Computer Aided Technologies in the Acquisition of 3DVision Technologies

Mangrove Equity Partners is pleased to announce Computer Aided Technology, LLC’s (“CATI”) recent acquisition of 3DVision Technologies, LLC, expanding the Company’s footprint into Ohio, Michigan and Kentucky. This strengthens the Company’s position as one of the nation’s largest value added resellers of SolidWorks 3D computer aided design software and Stratasys 3D printers. Highlights of the acquisition include: Solidified CATI’s position as a top-5 worldwide Solidworks and Stsratasys VAR The acquisition of 3DVision marks the second add-on acquisition for CATI during its partnership with Mangrove. We were actively involved in the planning, negotiation, and diligence of both transactions and continue to support our management partners in their execution of their growth strategy Our partnership with 3DVision allowed for the successful transition and retirement of 3DVision’s founder/CEO and facilitated his desire to retain ownership in the consolidated enterprise Thus far, during our partnership with CATI, the company has more than doubled revenue and EBITDA

Mangrove Acquires Concut in Support of Dixie Diamond

Mangrove Equity Partners is pleased to announce the acquisition of Concut, Inc. in support of Mangrove’s portfolio company, Dixie Diamond Manufacturing Concut is a Kent, WA based designer, manufacturer, and specialty provider of diamond saw blades, core bits, and equipment. The strategic value of adding Concut to Dixie Diamond Manufacturing includes: The investment doubled the size of Dixie The addition of yet another strong, long-respected brand name in the industry Establishes a strong presence in the pacific northwest, west coast, and rocky mountain regions to complement Dixie Diamond’s dominance in the eastern U.S. Affords Dixie and Concut the ability to better serve our customers through fulfillment of orders from either our west coast or east coast facilities Revenue synergies through product cross-selling opportunities Provides entry into the new end market of products for the grinding and grooving of concrete  Mangrove Equity Partners: More Than the Commodity of Cash. The Mangrove team works hard to be your go-to private equity fund in the lower middle market by leveraging our extensive experience (135 deals across 60 industries) to make decisions and get deals done.

Computer Aided Technologies in the Acquisition of MCAD Technologies

Mangrove Equity Partners is pleased to announce our recent partnership with Computer Aided Technology, LLC (“CATI”) and MCAD Technologies, Inc (“MCAD”), to create one of the nation’s largest value added resellers of SolidWorks 3D computer aided design software and Stratasys 3D printers. The combination of CATI and MCAD created the nation’s only SolidWorks/Stratasys VAR covering all four Continental U.S. time zones. Highlights of Mangrove’s partnering with these companies include: Supported CATI and our portfolio partners through the add-on acquisition of MCAD, increasing the company’s EBITDA by 60% within 6 months of our partnership. The add-on was non-dilutive of CATI management’s ownership, and expanded CATI’s geographic reach and customer industry diversification. Our majority recapitalization with CATI evidenced Mangrove’s flexibility, as we supported the plans of one owner/manager to retire, while allowing other owner/managers to continue running the business with the support of Mangrove’s four-person internal operating team.  Closed and facilitated financing despite extreme supplier concentration inherent in the industry, having built strong relations with the suppliers. Mangrove Equity Partners: More Than the Commodity of Cash. The Mangrove team works hard to be your go-to private equity fund in the lower middle market by leveraging our extensive experience (132 deals across 59 industries)… Read more »

Mangrove – 2015 A Great Year

2015: A Great Year An NFL team narrowly missed a perfect season (congrats friends in Charlotte). Presidential debates became the latest version of reality TV (to entertain and horrify). Mangrove Equity Partners closed six highly attractive acquisitions in spite of a very competitive environment. In 2015, the Mangrove team was pleased to partner with three new platform companies and their management teams while supporting existing portfolio companies through three add-on acquisitions. These transactions reflected Mangrove’s geographic reach throughout the U.S. and Canada; we completed deals in Atlanta, Chicago, Cleveland, Detroit, Denver, and Las Vegas. In some cases, the add-ons were as large as their respective platform companies.

Mangrove Closes our 5th Deal of 2015

Mangrove Equity Partners is pleased to announce our recent partnership with Dixie Diamond Manufacturing, Inc. This partnership marks the closing of our fifth acquisition in 2015. Dixie Diamond Manufacturing is an Atlanta, GA based company that, for more than 40 years, has been producing high-performance synthetic diamond-tipped cutting tools using the most advanced materials, production techniques, and equipment. As a result, Dixie produces diamond tools with higher safe operating speeds, greater diamond depth and longer operating lifetimes. We have enjoyed a great deal of success partnering with family businesses, such as Dixie, and we look forward to continuing that success in partnership with the team at Dixie Diamond.