Posts Categorized: Portfolio News

Mangrove Closes our 4th Deal of 2015

Mangrove Equity Partners is pleased to announce the closing of our fourth acquisition in 2015 and second add-on for Tioga Air Heaters. The Mangrove team recently completed the acquisition of Mobile Air, Inc.; another meaningful add-on acquisition in support of Tioga. The Mobile acquisition coupled with our earlier acquisition this year of Reliable Construction Heaters, Inc. triples EBITDA and adds significant diversification to the industries, customers and geographies served by Tioga, while reducing seasonality. 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 (130 deals across 59 industries) to find ways to get deals done.

Mangrove Closes our Third Acquisition of 2015

Mangrove Equity Partners is pleased to announce the closing of our third acquisition in 2015. The Mangrove team recently completed the acquisition of Reliable Construction Heaters, Inc. as a meaningful add-on acquisition in support of our portfolio company; Tioga Air Heaters. The Reliable acquisition doubles the business and adds significant diversity to the industries, customers and geographies served by Tioga. Reliable is a strong strategic fit for Tioga as the acquisition also provided: An additional go-to-market strategy given Reliable’s branch network The opportunity to leverage Tioga’s manufacturing capabilities and capacity to build Reliable’s fleet needs while capturing margin Increased Tioga’s geographic footprint through the Midwest and North East Evidence of Tioga’s focus and capabilities as an acquirer of strategically suitable companies in the sector, as Tioga continues to pursue growth through add-on acquisitions 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 (130 deals across 57 industries) to find ways to get deals done. Mangrove’s three-man internal operating team affords us an ability to leverage their extensive experience working closely with our portfolio company partners to overcome hurdles to… Read more »

Mangrove is Pleased to Announce Another Opportunity to Build Value: Readylift.com

Mangrove recently partnered with the Founder and management team of ReadyLIFT to effect a majority recapitalization of this leading designer and manufacturer of high-quality leveling and suspension kits for off-road enthusiasts in the automotive aftermarket. ReadyLIFT manufactures products for trucks and SUVs across numerous OEM brands including Ford, GMC, Dodge, Chevy, Toyota and Jeep. Mangrove was attracted to ReadyLIFT because of its dominant brand position, its talented team, and ReadyLIFT’s history of creating high-quality lift products. The Mangrove team has enjoyed considerable successes in the auto aftermarket and with other enthusiast-driven consumer product companies. We are excited to continue that success with ReadyLIFT.

Mangrove is Pleased to Announce the Recapitalization of APR

Mangrove recently partnered with the management team of APR to effect a majority recapitalization of this leading producer of software and hardware systems to boost the performance of Volkswagen Auto Group (VAG) cars. APR makes performance products for Audi, Volkswagen, SEAT, Skoda and Porsche. Mangrove was attracted to APR because of its niche-dominant position, its talented team, and APR’s history of creating quality-leading performance enhancing tuning products. The Mangrove team has enjoyed considerable successes in the auto aftermarket and with other enthusiast-driven consumer product companies, and we are excited to continue that success with APR.