Consolidation • Safety/Security

Mangrove Equity Partners Acquires PPS

On December 1, 2018, private equity firm Mangrove Equity Partners acquired safety/security company PPS

Acquisition Context
  • This is Mangrove Equity Partners’ 1st transaction in the Safety/Security sector.
  • This is Mangrove Equity Partners’ 15th transaction in the United States.
  • This is Mangrove Equity Partners’ 1st transaction in Illinois.

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M&A Deal Summary

Date December 1, 2018
Target PPS
Sector Safety/Security
Buyer(s) Mangrove Equity Partners
Deal Type Consolidation

Target Company

PPS

Alsip, Illinois, United States
PPS is a commonly-owned group of security companies with a disciplined focus on customer service, responsiveness, and employee care. PPS is based in Alsip, Illinois.
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Buyer Overview 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 Context for Buyer #
Overall 17 of 28
Sector: Safety/Security 1 of 2
Type: Consolidation 1 of 1
State: Illinois 1 of 1
Country: United States 15 of 26
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 ReadyLIFT Suspension

Henderson, Nevada, United States

designs, manufactures, and distributes suspension leveling products and lift kits for the truck, jeep, and sport utility vehicle markets. It also offers accessories through its AMI Styling brand, as well as value-branded suspension kits through its RuggedLift brand. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia.

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FOLLOWING 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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