Mangrove’s latest recapitalization is a Canadian manufacturer of branded-consumer leisure goods.
This family-recap marks the Mangrove team’s second platform in Canada and its fourth new platform investment in sixteen months. Mangrove and our operating team contributed to strategic initiatives even before the deal closed, including:
- Building a U.S. sales team and rep organization
- Addressing the management of tax issues that stymied growth in the much larger U.S. market
- The creation of a new, lower-price-point product, opening up to the company the largest portion of the market