Private Equity Firm Industrial Services

Mangrove Equity Partners

Tampa, Florida, United States

Tampa, Florida-based lower middle-market private equity firm that sponsors management buy-outs, management buy-ins, majority recapitalizations, family succession recaps, and industry consolidations. Mangrove invests in stable and profitable industrial and business services companies, niche manufacturers, and enthusiast-driven branded consumer businesses headquartered in the U.S. or Canada (typically $3-$10 million of pre-tax profits; new investments often $10-$100 million of revenue).

Focus Areas
Industrial and business services, Niche manufacturing, Industry consolidations

Tracked deals

21

21 tracked deals across 2016-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Addon

10 addon · 7 buyout · 3 growth capital

Mangrove Equity Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Mangrove Equity Partners. 3 2019 3 2020 2 2021 3 2022 2 2023 4 2024 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 21 tracked deals for Mangrove Equity Partners.

  • Buyer
    Mangrove Equity Partners
    Target
    Cascon Pumps, Chamberlain Machine
    Location
    United States
    Type
    Addon

    Mangrove Equity Partners announced the acquisitions of Cascon Pumps and Chamberlain Machine, combining the Cascon-Chamberlain businesses. The companies design, engineer, and manufacture custom precision pumps and related fluid-management products for mission-critical fuel delivery, lubrication, and thermal management applications.

  • Buyer
    Mangrove Equity Partners, Peak Pavement Group
    Target
    HD Sealcoating & Paving Solutions, Maintain It All, A&R Sealcoating
    Location
    United States
    Type
    Addon

    Mangrove Equity Partners launched Peak Pavement Group as a national platform for the pavement maintenance industry. The platform was formed through the onboarding of founder-led companies HD Sealcoating & Paving Solutions (Michigan) and Maintain It All (Pennsylvania), alongside Mangrove’s prior partnership with A&R Sealcoating (Michigan).

  • Buyer
    Sphere Investigations Holdings, LLC, Mangrove Equity Partners, Sunlake Capital Partners
    Target
    PHENIX Investigations, Inc., Fraud Sniffr, Inc.
    Location
    United States
    Type
    Addon

    Mangrove Equity Partners and Sunlake Capital Partners launched Sphere Investigations Holdings, LLC and completed the platform's first two acquisitions with investments in PHENIX Investigations, Inc. and Fraud Sniffr, Inc. The deal brings together complementary investigative capabilities—asset searches and complex corporate investigations from PHENIX and social-media-driven insurance fraud investigations from Fraud Sniffr—to build a national investigations services platform targeting insurers, law firms and corporate clients.

  • Buyer
    Mangrove Equity Partners
    Target
    Griffin Gear, LLC
    Type
    Buyout

    Mangrove Equity Partners has made an investment in Griffin Gear, a South Carolina-based provider of industrial gearbox repair, rebuild services and aftermarket replacement gears. Griffin's senior management will remain in place as Mangrove looks to grow the business and pursue additional acquisitions in the gear manufacturing and gearbox repair sector.

  • Buyer
    Mangrove Equity Partners
    Target
    A&R Sealcoating, Inc.
    Industry
    Construction

    Mangrove Equity Partners has made a minority/growth investment in A&R Sealcoating, Inc., a Southeast Michigan provider of pavement repair and maintenance services. Founder Rocky Ricelli remains a significant owner and will continue to lead the business as Mangrove supports growth, organizational buildout and pursuit of add-on acquisitions.

  • Buyer
    Mangrove Equity Partners, Hunter Equity Capital, LLC
    Target
    NORMco Pump & Power, LLC
    Seller
    Nathan Hanks, Vera Hanks

    Mangrove Equity Partners and independent sponsor Hunter Equity Capital have made an investment in NORMco Pump & Power, a Shawnee, Oklahoma-based manufacturer and specialty renter of portable industrial pumps. Founder-CEO Nathan Hanks remains CEO and retains a significant equity stake; the partnership will support NORMco's next phase of growth and pursue additional specialty pump businesses as part of a broader platform strategy.

  • Buyer
    STAR Turbine, Inc., Mangrove Equity Partners
    Target
    Thor Precision, LLC
    Industry
    Manufacturing
    Type
    Addon

    STAR Turbine, a Mangrove Equity Partners-backed specialty turbine parts manufacturer, has acquired Thor Precision, a Greenville, South Carolina-based precision manufacturer of aftermarket gas turbine parts. Thor founders remain equity owners (Andy Pelinsky promoted to President), and the deal is part of Mangrove's strategy to build a family of aftermarket turbine parts manufacturers.

  • Buyer
    Mangrove Equity Partners
    Target
    Wear-Concepts, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    Mangrove Equity Partners announced a platform investment in Wear-Concepts, Inc., a Liberty, Missouri-based designer and manufacturer of wear, abrasion and corrosion resistant materials and related installation services for heavy industrial customers. The partnership will support Wear-Concepts' plans to expand sales and marketing, bolster field services, grow into adjacent end markets and pursue add-on acquisitions.

  • Buyer
    STCR, Mangrove Equity Partners
    Target
    SIR Solutions
    Industry
    IT Services
    Location
    Quebec, Canada
    Type
    Addon

    Mangrove Equity Partners' portfolio company STCR has completed an add-on acquisition of SIR Solutions, a Montreal-based provider of retail point-of-sale and back-office technology for grocers. The transaction more than doubles STCR's organization, expands its geographic presence into Canada, and adds POS hardware, software, professional services and maintenance capabilities.

  • Buyer
    Mangrove Equity Partners
    Target
    Atlas Greenhouse
    Seller
    Mark Davis (owner of Atlas Greenhouse)
    Industry
    Manufacturing
    Type
    Buyout

    Mangrove Equity Partners, a Tampa-based lower middle-market private equity firm, has acquired Atlas Greenhouse, an Alapaha, Georgia-based manufacturer and distributor of commercial greenhouses and related accessories. Heritage Capital Group served as Atlas's exclusive financial advisor; Mangrove said it will partner with Atlas president Mark Davis to professionalize operations and support the company's next phase of growth.

  • Buyer
    Mangrove Equity Partners
    Target
    Vintage Air, LLC
    Seller
    Jack Chisenhall
    Industry
    Automotive
    Type
    Buyout

    Mangrove Equity Partners has made a platform investment in Vintage Air, LLC, a San Antonio–based specialty manufacturer of performance aftermarket air conditioning systems for classic and late-model cars and trucks. The deal brings Mangrove's operational team together with Vintage Air's senior management to expand product R&D, optimize manufacturing efficiency and support a leadership transition for founder Jack Chisenhall.

  • Buyer
    Mangrove Equity Partners
    Target
    STCR Business Systems, Inc.
    Industry
    IT Services

    Mangrove Equity Partners has made an investment in STCR Business Systems, an Endwell, New York-based provider of retail point-of-sale (POS) hardware, enterprise software, implementation and ongoing support services for grocery retailers across the U.S. and the Caribbean. The transaction supports an ownership transition and succession plan for the family-owned business and aims to invest in people and operational infrastructure to accelerate growth.

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