Mangrove Announces Investment in Shields Business Solutions

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.

Shields is an NCR Certified Reseller of the entire line of NCR ATMs. From basic cash dispensers, to full-function machines, Shields offers a full suite of products to fit its customers’ needs. With more than 100 employees in multiple locations, Shields is a foremost leader in the ATM and cash-in-transit service industries.

The Shields team is led by a highly experienced management team with over 90 years of company tenure. Mark McGrath, President of Shields, first joined the Company in 1982 and has over 30 years of experience with the firm. Tom Raftery, COO, is an armored car industry veteran with 38 years of experience including significant time at Dunbar, Brink’s, Loomis and Princeton Armored.

Mangrove is an uncommonly good fit for Mark, Tom and the rest of Shields’ management team due to:
– Mangrove’s ability to help Shields leverage their strong reputation for high-quality superior service to strengthen customer relationships and increase the scope of service offerings
– Mangrove’s ability to enhance the sales and marketing functions to support growth initiatives and provide Shields the ability to deliver a broader suite of services to new and existing customers
– Mangrove’s meaningful industry experience derived from accomplishing a highly successful prior consolidation in the bank products and services space, which resulted in 10x profitability growth

Mangrove Equity Partners: More Than the Commodity of Capital. The Mangrove team works hard to be your go-to private equity fund in the lower middle market by leveraging our extensive experience to create solutions and get deals done.

We roll up our sleeves and work with intermediaries to do what is necessary to move good deals forward, even in the face of company or deal complexity. Mangrove’s four-man internal operating team allows us to work through complexity and help owner/operators build enduring value.

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