M&A Deal Summary

VT San Antonio Aerospace Acquires Turbo Mach

On May 3, 2013, VT San Antonio Aerospace acquired manufacturer Turbo Mach from Mangrove Equity Partners

Acquisition Highlights
  • This is VT San Antonio Aerospace’s 1st transaction in the Manufacturing sector.
  • This is VT San Antonio Aerospace’s 1st transaction in the United States.
  • This is VT San Antonio Aerospace’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-05-03
Target Turbo Mach
Sector Manufacturing
Buyer(s) VT San Antonio Aerospace
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition

Target

Turbo Mach

San Antonio, Texas, United States
urbo Mach is a manufacturing operation in the field of high performance composite materials and processes with proficiency in the fabrication of composite structures encompassing molding, forming, bonding and finishing products to serve the aerospace, automotive, marine and medical equipment industries.

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Buyer(S) 1

Buyer

VT San Antonio Aerospace

San Antonio, Texas, United States

Category Company
Sector Aerospace
DESCRIPTION

VT San Antonio Aerospace's 1,200-strong team of aviation professionals and it has earned the company a world-wide reputation for the quality of its maintenance, repair and overhaul (MRO) services for cargo operators and commercial airlines.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 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 2 of 15
Sector: Manufacturing M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 12
State: Texas M&A 1 of 3
Country: United States M&A 2 of 14
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 North American Aviation Services

San Antonio, Texas, United States

North American Aviation Services. Inc.provider of aviation maintenance, repair and overhaul (“MRO”) services focused primarily on plane-side aircraft fuel systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Tioga

Brooklyn Center, Minnesota, United States

Tioga designs, manufacture, sale, and rental temporary heaters for energy, mining, oil and gas, commercial construction, and industrial markets. Tioga was founded in 1961 and is based in Brooklyn Center, Minnesota.

Buy -