PPS Makes Second Investment in U.S. Contract Security Industry with Acquisition of AHPS

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 fund add-ons, but to successfully integrate and build enduring value.

PPS and AHPS are also exemplary examples of Mangrove’s work with quality business-to-business service companies, particularly those with strong margins, and ability to provide outstanding service levels and an ability to take market share from larger competitors whose service quality suffers due to their cumbersome size.

David Fowles Joins The Mangrove Equity Team

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 partners to overcome hurdles to growth, and to optimize shareholder value. 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. We hope to have the pleasure of working closely with you.

Computer Aided Technology Sale Announcement

Computer Aided Tecehnology

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 more than just access to capital.
Our clients are in the manufacturing space and the dynamics of the business can be somewhat complex. The Mangrove team had direct experience that gave them an understanding of the impact our solutions had within our customers’ businesses. During the process, we met a variety of folks from their team and what impressed us most was not only the fact that they were a smart and talented bunch, but that the culture was so consistent.
One would imagine that with some PE groups a pre-transaction experience can be very different post-transaction. We had a tremendously positive experience with Mangrove from day one through the end of the investment. It is clearly about more than just numbers with their team; it is about trust, character and leaving companies that they touch in a better place than where they started.”

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 partners to overcome hurdles to growth, and to optimize shareholder value. 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. We hope to have the pleasure of working closely with you.

PPS Makes First Investment in U.S. Contract Security Industry with Acquisition of JBM Patrol and Protection Additional Acquisitions Planned Throughout the U.S.

Patrol Protect Secure, Inc. (known as “PPS”) is pleased to announce its first investment in the U.S. contract security industry with the acquisition of JBM Patrol and Protection, Corp., a leading provider of contract security services in Wisconsin, Minnesota, Iowa and Tennessee with a focus on contract guard services and vehicle patrol for a wide range of commercial clients.

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