Investment Summary

Mangrove Equity Partners Invests In STAR

On November 18, 2020, private equity firm Mangrove Equity Partners invested in energy services and equipment company STAR

Investment Highlights
  • This is Mangrove Equity Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Mangrove Equity Partners’ 17th transaction in the United States.
  • This is Mangrove Equity Partners’ 1st transaction in Ohio.

Investment Summary
Date 2020-11-18
Target STAR
Sector Energy Services and Equipment
Investor(s) Mangrove Equity Partners
Deal Type Growth Capital

Target

STAR

Marion, Ohio, United States
website
STAR engages in high-precision manufacturing and field installation of replacement parts for high-capacity steam and gas turbines. STAR specializes in manufacturing and installing custom turbine seals known as “packing rings,” which are critical wear parts that have a significant impact on the performance and efficiency of turbines. STAR was founded in 1988 and is based in Marion, Ohio.

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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 19 of 26
Sector (Energy Services and Equipment) 1 of 1
Type (Growth Capital) 4 of 8
State (Ohio) 1 of 1
Country (United States) 17 of 24
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Hi-Lite Airfield Services

Watertown, New York, United States

Hi-Lite Airfield Services is a provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Hi-Lite offers innovative and sustainable maintenance solutions to support airport operations and safety management and to ensure compliance with stringent FAA and ICAO regulations. Hi-Lite Airfield Services was founded in 1989 and is based in Watertown, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Wild Goose Filling

Louisville, Colorado, United States

Wild Goose Filling is a designer, manufacturer and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment. Wild Goose Filling is based in Louisville, Colorado.

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