Posts Categorized: General Announcements

Mangrove Announces Investment in Hi-Lite Airfield Services, LLC

  Hi-Lite Airfield Services, LLC is a Watertown, New York-based provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Hi-Lite offers innovative and sustainable maintenance solutions to support airport operations and safety management and to ensure compliance with stringent FAA and ICAO regulations. The transaction (a management-led carve-out from Hi-Lite’s parent company) will allow Hi-Lite to focus exclusively on its core business of airfield pavement maintenance services, including airfield markings, markings removal, runway rubber removal and pavement maintenance. Hi-Lite and it’s former parent company will continue to collaborate to bring the highest level of service to their respective, and often common, customers. Over the last decade, Hi-Lite and its customers have had tremendous success by establishing multi-year proactive asset management programs, which increase efficiencies and help airport operators maintain the airfield safely and economically. Mangrove is an uncommonly good fit for Chris Miller (Hi-Lite’s President) and the rest of Hi-Lite’s management team due to: – Mangrove’s deep experience and meaningful successes supporting operational excellence and growth in mission-critical industrial service businesses, including businesses like Hi-Lite that must efficiently and reliably deploy highly skilled crews and specialized machinery over a broad geography, often on a rapid or… Read more »

Excalibur Crossbow Founders Share Their Story!

Mangrove had the pleasure of partnering with Bill and Kath Troubridge from Excalibur Crossbow, a designer and manufacturer of high end hunting crossbows and accessories. They were seeking a partner who could provide them with liquidity and, more importantly, provide them with the operational support they needed to grow the company. In this video, Bill and Kath share their thoughts on their partnership with Mangrove and what we were able to accomplish together.

Phillip Marks Joins the Mangrove Equity Team

Mangrove Equity Partners is pleased to announce the addition of Phillip Marks to our team. Phillip is a graduate of the University of Florida. His passion for lower middle market companies and niche industries was spawned through his work with myriad private companies, focusing on their human capital management. Phillip is an inveterate sports hound, which in his early career led him to work as a sportscaster and producer.

Mangrove to Make Non-Control Investments

Over the past 27 years, we have heard from investment banking/intermediary friends who feel a profound need in the market for a seasoned private equity partner who is willing to invest in minority positions in smaller companies while bringing the kind of meaningful operating assistance that Mangrove’s four-man internal operating team brings to our majority investing. Accordingly, Mangrove will now invest in both majority and minority stakes in mature, profitable companies with meaningful competitive advantages and stable cashflow.