Mangrove recently partnered with the husband/wife founders of R&H Supply, Inc. to effect a majority recapitalization of this family owned business.
the founders, while allowing them to retain meaningful ownership and continue as the leaders of the company.
Like many company owners and intermediaries, the family and their sell side agent chose us to be their partner because, once again, Mangrove brought more than just money to the table. Mangrove’s three full-time operating partners began working with management pre-close to maximize growth opportunities and to optimize business infrastructure and processes. The family business owners positioned the company for outstanding growth, but needed a partner to help them fully capitalize on their opportunities. Our significant experience and track record with multi-location service and distribution companies made Mangrove the ideal partner to support their plans.
The R&H deal represents Mangrove’s second new platform in the last four months. We have another interesting platform company under LOI and will share the details of the transaction should it close.
Thank you for your continued interest and support. Please continue to think of us for majority recapitalizations, management buy-outs, management buy-ins and recap/consolidations of private companies earning $2mm to $8mm of EBITDA throughout the U.S. and Canada.