Mangrove Equity Partners
TOP 50 PE Winner
2021
Overview
Founded
2006
Location
Tampa, FL
Market Focus
We are quite opportunistic, and industry agnostic, but have had great success in the following broad industry categories;
Non-Commoditized Industrial Manufacturing
Often non-commoditized by virtue of customization, intellectual property or black art, solving customers problems in a way that not many can.
Non-Commoditized Mission-Critical Industrial Services
Often maintaining, preserving and optimizing the performance of customers’ valuable industrial assets At times, these services are performed for process plants during turnarounds, requiring the core competency of building a sufficient army of properly trained people (including safety training), equipped with the right equipment to perform a critical job well, safely and on-time. It is costly for such assets to be down, and companies who can perform these often technical but down-and-dirty jobs are paid well for doing so.
Enthusiast-Driven Branded Consumer Product Niches
Non-commoditized products where the enthusiasm felt by the consumer affords one the opportunity to build a cult following for a superior product that supports their passion. Examples have included auto aftermarket (6 platforms to date), hunting products, other esoteric sports and hobby products, patented & prescribed prenatal vitamins, and pet products.
Transaction Types
Recapitalizations, Family Succession Recapitalizations, Management Buy-Outs, Management Buy-Ins, Industry Consolidations, and Select Underperformers
Investment Criteria
• Revenue: $10MM-$100MM
• EBITDA: $2MM-$10MM
• Investment Size: $10MM-$50MM
• Diverse customer base
• Meaningful growth prospects (through either internal growth or through add-on acquisitions)
• Strong and defensible market share in their regional or national marketplace
Leadership
Glenn Oken (Managing Director)
More on Mangrove
We are a lower middle market PE fund, and team of highly experienced private equity professionals and internal operating partners who truly bring more to our portfolio companies than just the commodity of cash, and who understand the importance of culture. We have served as an uncommonly strong partner to our portfolio partners, and to their investment bankers seeking the ideal partner, even for companies and situations that are more complex (not always squeaky clean perfection).
Mangrove Equity Partners is an uncommonly experienced and active lower middle market private equity fund. Mangrove brings strategic advantages to lower middle market majority deals ($2mm to $10mm of EBITDA) throughout the U.S. and Canada. Chief among them are:
• A four-man internal operating team with half of the ownership of Mangrove. These partners speak the same language as company owners and operators. They are instrumental in building commonality and gaining the trust and confidence of company owners and managers, as highly competent, affable, and helpful partners who bring more than just capital. Mangrove's operating partners have a proven ability to help entrepreneurs break through barriers to growth, improve processes and profitability, and maximize the growth and value of portfolio companies while reducing risk. We invested half of the firm in these gents because of their ability to roll up the sleeves in support of portfolio company managers and help to optimize various functional areas, build enduring value, while building lasting friendships.
• A wealth of industry familiarity and strategic relationships, having been principals in over 130 acquisitions and majority recapitalizations in 60 industries to date. Additionally, we have relationships with thought leaders in many industry niches who help us to get smarter faster about industries, and who can be quite helpful in growing portfolio companies.
• A can-do attitude coupled with uncommon creativity and flexible resources to get deals closed. Mangrove can bring to bear creative financial engineering if needed to ensure that deals close, even when financing is challenging.
• Due in large part to our internal operating partners, Mangrove is also able and willing to work through industry or company complexities that require research/fact based decision making and a holistic view regarding opportunities. Mangrove is about finding a way to get good deals done.
For over 20 years, Mangrove principals have made a practice of acting like partners to deal sources kind enough to think of us. If an opportunity is not a fit with Mangrove's criteria, we are eager to freely suggest a friendly competitor or Mangrove limited partner for whom the deal may be a perfect fit.
Contact Mangrove
HQ
101 S Franklin St
Suite 205
Tampa, FL 33602
Call 813.868.4500 → | Visit mangroveequity.com →