Mangrove Equity Partners is pleased to announce our recent partnership with Dixie Diamond Manufacturing, Inc.
This partnership marks the closing of our fifth acquisition in 2015. Dixie Diamond Manufacturing is an Atlanta, GA based company that, for more than 40 years, has been producing high-performance synthetic diamond-tipped cutting tools using the most advanced materials, production techniques, and equipment.
Mangrove Equity Partners is pleased to announce the closing of our fourth acquisition in 2015 and second add-on for Tioga Air Heaters. The Mangrove team recently completed the acquisition of Mobile Air, Inc.; another meaningful add-on acquisition in support of Tioga.
The Mobile acquisition coupled with our earlier acquisition this year of Reliable Construction Heaters, Inc. triples EBITDA and adds significant diversification to the industries, customers and geographies served by Tioga, while reducing seasonality.
Mangrove recently partnered with the Founder and management team of ReadyLIFT to effect a majority recapitalization of this leading designer and manufacturer of high-quality leveling and suspension kits for off-road enthusiasts in the automotive aftermarket. ReadyLIFT manufactures products for trucks and SUVs across numerous OEM brands including Ford, GMC, Dodge, Chevy, Toyota and Jeep.