PPS (Patrol Protect and Secure) Acquires American Heritage Protection Services (AHPS)

PalAmerican Security Acquires Patrol Protect Secure from Mangrove Equity Partners

October 28, 2025

Professional Services

PalAmerican Security has acquired Patrol Protect Secure, Inc. (PPS) from Mangrove Equity Partners and Sunlake Capital. PPS is a U.S. contract security platform that grew to ~2,400 security officers and completed six acquisitions under Mangrove/Sunlake ownership; the deal expands PalAmerican’s geographic footprint and capabilities in technology-enabled monitoring and off-duty law enforcement services.

Patrol Protect Secure (PPS) Acquires West Coast Vehicle Patrol Provider

April 12, 2021

Professional Services

Patrol Protect Secure, Inc. (PPS), backed by Mangrove Equity Partners and Sunlake Capital, completed an add-on acquisition of a leading West Coast contract security provider focused on vehicle patrols staffed by off-duty law enforcement. The deal expands PPS's geographic footprint and strengthens its capability in armed vehicle patrol services while providing management continuity and a transitional leadership arrangement.

Patrol Protect Secure (PPS) Acquires JBM Patrol and Protection

March 13, 2019

Professional Services

Patrol Protect Secure (PPS), a security platform formed by Mangrove Equity Partners and Sunlake Capital, has acquired JBM Patrol and Protection Corp., a contract security provider operating in Wisconsin, Minnesota, Iowa and Tennessee. The deal facilitates founder Jim Mankowski's retirement and represents PPS's first add-on as it pursues a roll-up strategy to build a national contract security platform.

Patrol Protect Secure (PPS) Acquires Internal Security Associates (ISA)

July 1, 2020

Professional Services

Patrol Protect Secure, Inc. (PPS), a PE-backed security platform sponsored by Mangrove Equity Partners and Sunlake Capital, acquired Internal Security Associates, LLC (ISA), a Boston-based contract security provider focused on public sector customers. The add-on expands PPS’s geographic footprint into greater Boston, increases platform revenue and EBITDA, and provides the ISA founder liquidity and a succession plan while the founder retains an equity stake in the PPS parent.

Specialized Packaging Group Acquires Protective Packaging Solutions

September 7, 2023

Packaging

Specialized Packaging Group (a portfolio company of Altamont Capital Partners) has acquired Protective Packaging Solutions (PPS), a custom designer and fabricator of engineered protective packaging based in Aurora, Colorado. The acquisition expands SPG's engineered packaging capabilities and geographic reach, adding approximately 90 employees to SPG's ~1,600-person workforce; Monroe Capital provided a senior credit facility to support the transaction.

Center Rock Capital Partners Acquires Power Plant Services, Inc.

June 30, 2021

Industrial Services

Center Rock Capital Partners, LP acquired Power Plant Services, Inc., a Melrose Park, Illinois-based provider of aftermarket turbine components and turnkey MRO services for power generation and industrial customers. Center Rock said it will work with PPS's management to drive organic growth, expand capabilities, and pursue domestic and international growth opportunities.