M&A Deal Summary

STS Holdco Acquires Sharp Tooling Solutions

On June 24, 2024, STS Holdco acquired manufacturer Sharp Tooling Solutions from Mangrove Equity Partners

Acquisition Highlights
  • This is STS Holdco’s 1st transaction in the Manufacturing sector.
  • This is STS Holdco’s 1st transaction in the United States.
  • This is STS Holdco’s 1st transaction in Michigan.

M&A Deal Summary

Date 2024-06-24
Target Sharp Tooling Solutions
Sector Manufacturing
Buyer(s) STS Holdco
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition
Advisor(s) SC&H (Financial)

Target

Sharp Tooling Solutions

Romeo, Michigan, United States
Sharp Tooling Solutions is a manufacturer of high-precision custom tooling, serving the global automotive and aerospace markets. Sharp Tooling Solutions was founded in 1987 and is based in Romeo, Michigan.

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Buyer(S) 1

Buyer

STS Holdco

Warren, Michigan, United States

Category Company
Sector Manufacturing
DESCRIPTION

STS Holdco is a manufacturer in the aerospace and defense tooling sectors. STS Holdco is based in Warren, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

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 13 of 15
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 12
State: Michigan M&A 1 of 1
Country: United States M&A 12 of 14
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Normco Pump & Power

Shawnee, Oklahoma, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-06 A & R Sealcoating

Waterford, 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, Michigan.

Buy -