M&A Deal Summary

Mangrove Equity Partners Acquires Griffin Gear

On November 18, 2024, private equity firm Mangrove Equity Partners acquired manufacturer Griffin Gear from Gen Cap America

Acquisition Highlights
  • This is Mangrove Equity Partners’ 6th transaction in the Manufacturing sector.
  • This is Mangrove Equity Partners’ 26th transaction in the United States.
  • This is Mangrove Equity Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2024-11-18
Target Griffin Gear
Sector Manufacturing
Buyer(s) Mangrove Equity Partners
Sellers(s) Gen Cap America
Deal Type Secondary Buyout

Target

Griffin Gear

Roebuck, South Carolina, United States
Griffin Gear specializes in the manufacture of replacement gearing and provides gearbox rebuilds for any conceivable industrial application. Griffin Gear was founded in 1967 and is based in Roebuck, South Carolina.

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Buyer(S) 1

Buyer

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

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 $15 to $75 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 28 of 28
Sector (Manufacturing) 6 of 6
Type (Secondary Buyout) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 26 of 26
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-06 A & R Sealcoating

Waterford Twp, Michigan, United States

A & R Sealcoating provides pavement repair and maintenance solutions for commercial and residential customers. A & R Sealcoating was founded in 1985 and is based in Waterford Twp, Michigan.

Buy -

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 29 of 29
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 9 of 9
State (South Carolina) 1 of 1
Country (United States) 29 of 29
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 BloApCo

Germantown, Wisconsin, United States

BloApCo designs and manufactures highly engineered solid waste and scrap handling systems and process equipment. BloApCo’s products include shredding systems, trim handling systems, material handling fans, and conveying systems primarily utilized in the paper, packaging, and corrugated industries. BloApCo was founded in 1933 and is based in Germantown, Wisconsin.

Sell -
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