Investment Summary

Mangrove Equity Partners Invests In Normco Pump & Power

On April 16, 2024, private equity firm Mangrove Equity Partners invested in business services company Normco Pump & Power

Investment Highlights
  • This is Mangrove Equity Partners’ 1st transaction in the Business Services sector.
  • This is Mangrove Equity Partners’ 24th transaction in the United States.
  • This is Mangrove Equity Partners’ 1st transaction in Oklahoma.

Investment Summary

Date 2024-04-16
Target Normco Pump & Power
Sector Business Services
Investor(s) Mangrove Equity Partners
Deal Type Growth Capital

Target

Normco Pump & Power

Shawnee, Oklahoma, United States
website
Normco Pump & Power is a manufacturer and specialty renter of portable, industrial pumps used for water transfer applications. Normco Pump & Power was founded in 2013 and is based in Shawnee, Oklahoma.

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Investor(S) 1

Investor

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $10 to $50 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.


DEAL STATS #
Overall 26 of 26
Sector (Business Services) 1 of 1
Type (Growth Capital) 8 of 8
State (Oklahoma) 1 of 1
Country (United States) 24 of 24
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Wear-Concepts

Liberty, Missouri, United States

Wear-Concepts is a specialty supplier, designer, and installer of wear and abrasion-resistant products. The company serves customers from industries including cement, power, steel, grain, mining, paper and sugar. Wear-Con offers solutions to wear problems in conveying systems, mills, crushing operations, and pipelines. It provides standard wear products including wear plates, pipe & elbows, ceramics, and wear compounds, and provides several unique solutions. Wear-Concepts was formed in 1996 and is based in Liberty, Missouri.

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