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 »
Posts Categorized: Portfolio News
Patrol Protect and Secure, Inc. (known as “PPS”) is pleased to announce its second investment in the U.S. contract security industry with the acquisition of American Heritage Protection Services (“AHPS”). AHPS is an Illinois based quality provider of armed and unarmed security guard services, primarily to utility companies and healthcare facilities. This addition and other initiatives have tripled the profits of PPS in the 9 months since our initial investment. The acquisition of AHPS is complementary to PPS’ existing operations and adds size, scale, and diversity to the platform. PPS was formed by Mangrove Equity Partners and Sunlake Capital to pursue a growth-oriented investment strategy in the U.S. contract security industry. We believe there is tremendous opportunity to build a substantial, best-in-class contract security provider by focusing on service excellence and recruiting, training and retaining high-quality people. PPS is actively seeking acquisitions of contract security providers to support its growth in new and existing geographies. The Mangrove team has enjoyed meaningful success with a number of industry consolidations and is an uncommonly strong partner for owner/operators seeking growth through add-on acquisitions. Mangrove’s internal operating team affords our consolidation portfolio partners operating experience and capacity to not only vet, close and… Read more »
Mangrove Equity Partners is pleased to announce the addition of David Fowles to our team. At Mangrove David will work closely with Glenn Oken and Phillip Marks in identifying appropriate investment opportunities and advancing them through Mangrove’s new deal process. Prior to joining Mangrove, David spent over twenty years in the U.S. Army as a Special Forces Officer (commonly known as the “Green Berets”). Over his twenty+ year career, he has led and managed special operations missions in hazardous and complicated environments across the globe, including South America, the Caribbean, the Balkans, and the Middle East. His awards and decorations include three Bronze Stars; two for meritorious service in hazardous areas, and one for Valor in combat. He brings a wealth of leadership, organizational and analytical experience to Mangrove. David holds a Bachelor’s degree from SUNY Oswego, and after transitioning to the private sector in 2017, he received a Master of Business Administration from Northwestern University’s Kellogg School of Management. David currently lives in Tampa, Florida with his wife and three children. Mangrove Equity Partners: More than the Commodity of Cash. Mangrove’s four-man internal operating team affords us an ability to leverage their extensive experience working closely with our portfolio company… Read more »
Computer Aided Technology is a leading provider of 3D design and product development solutions and services including SolidWorks 3D computer-aided design (CAD) software and Stratasys 3D printers. Mangrove worked closely with Computer Aided Technology (“CATI”) to effect changes collaboratively identified during strategic planning sessions. Supported substantial expansion of the management team, including scoping of and recruiting for positions Worked with the leadership group to lead an industry consolidation doubling the original platform with two acquisitions shortly after closings Materially involved in full-scale integration of employee organizational structure, business processes and accounting and CRM systems Instituted a new services evaluation process that drove a broadening of CATI’s service and product offerings These and other value creation initiatives helped to drive meaningful value for CATI’s owner/operators who’ve retained ownership became more valuable than their “first bite of the apple.” We are fortunate to develop strong and lasting relationships with our management teams as we did with the CATI team. Please see the below quote from Rich Werneth, CEO of Computer Aided Technology. “We saw trends in our industry towards consolidation and needed a partner to help us maximize the opportunity. We met several different private equity teams during the process and wanted… Read more »
Shields Business Solutions is a Moorestown, NJ-based provider of ATM sales and maintenance services, as well as armored car services for ATM cash replenishment and bank cash-in-transit.