Investment Summary

Mangrove Equity Partners Invests In Vintage Air

On May 2, 2022, private equity firm Mangrove Equity Partners invested in automotive company Vintage Air

Investment Highlights
  • This is Mangrove Equity Partners’ 3rd transaction in the Automotive sector.
  • This is Mangrove Equity Partners’ 21st transaction in the United States.
  • This is Mangrove Equity Partners’ 4th transaction in Texas.

Investment Summary
Date 2022-05-02
Target Vintage Air
Sector Automotive
Investor(s) Mangrove Equity Partners
Deal Type Growth Capital

Target

Vintage Air

San Antonio, Texas, United States
Vintage Air is a specialty manufacturer of performance aftermarket air conditioning systems for classic and late-model cars and trucks. Vintage Air was founded in 1976 and is based in San Antonio, Texas.

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Investor(S) 1

Investor

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 23 of 28
Sector (Automotive) 3 of 3
Type (Growth Capital) 6 of 9
State (Texas) 4 of 4
Country (United States) 21 of 26
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 STCR

Endwell, New York, United States

STCR is a provider of retail point-of-sale (POS) solutions to grocery retailers across the United States and the Caribbean. The company provides a single-source solution for its customers’ POS needs, offering a wide array of hardware products (including self-checkout systems), enterprise software, implementation services, ongoing maintenance services, and 24/7 help desk support. STCR was formed in 1967 and is based in Endwell, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Atlas Greenhouse

Alapaha, Georgia, United States

Atlas Greenhouse is a manufacturer and distributor of greenhouse structures and accessories serving customers in a diverse set of end markets. Atlas Greenhouse is based in Alapaha, Georgia.

Buy -
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