Excalibur Sale Announcement

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Mangrove Equity Partners is pleased to announce the sale of Excalibur Crossbow. Inc. The exit of Excalibur marks the end of yet another successful partnership with a strong management team seeking the ideal partner for liquidity and growth. The ability of Mangrove’s three-man internal operating team to help management build value was evident at Excalibur where Mangrove supported management as we: (more…)

Mangrove Equity Partners is pleased to announce the $125MM closing of MEP II

Mangrove Equity Partners is pleased to announce the first and final closing of our latest fund, MEP II.  Our formal fund raising process for this $125MM equity fund was quick, requiring only a few months to complete. Virtually all of our existing limited partners invested in MEP II. Due to our good fortune in MEP I, we enjoyed the reward of there being significantly more interest in the fund than there was room. Mangrove remained disciplined in terms of sticking to our stated fund size to ensure that we can continue to invest in attractive smaller companies. We are also proud of the venerable family offices, university endowments, and fund of funds institutions who chose to invest for the first time in the Mangrove team. This expedited fund raise evidences Mangrove’s strong and consistent performance on behalf of our limited partners, portfolio company owner/operators, and portfolio company employees. (more…)

Tioga Announcement

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Mangrove recently purchased Minneapolis, Minnesota based Tioga, Inc. from its current entrepreneurial ownership team to affect the Mangrove team’s 127th transaction and enter our 54th industry. Tioga is a manufacturer of temporary and permanent heating solutions for industrial applications. The Company rents and sells both direct-fired and indirect-fired heaters to a wide range of markets worldwide. Due to its broad product offering, consultative technical sales approach, well-established customer relationships, and market-leader position, the Company has been able to grow significantly over the past few years and is poised for steady future growth. (more…)