SOURCE: The March Group

February 03, 2010 18:15 ET

The March Group: Mangrove Equity Partners Acquires Canadian Manufacturer

CORAL SPRINGS, FL--(Marketwire - February 3, 2010) - The March Group (TMG), a leading, private mergers and acquisitions advisory firm specializing in the sale of middle-market businesses, announced today that Mangrove Equity Partners, LLC acquired a majority stake in a TMG client; a Canadian manufacturer of branded-consumer leisure goods. The parties finalized the purchase on Dec. 31, 2009.

TMG's client began manufacturing in Ontario, Canada in 1983. Its founders built the company by creating the world's best products of their kind while providing extraordinary service. The founders will remain with the company as minority shareholders, serving in many respects as they have been as officers and managers of the company. The investment was an opportunity for the original shareholders to diversify their net worth by substantially increasing their personal cash. They will also maintain a share in the company to enjoy its anticipated growth.

Mangrove of Tampa, Florida is a private equity fund that partners with entrepreneurs to build value in their businesses. The Mangrove team and its managing partners have helped many of its 123 companies become the dominant players in the 49 industries they have represented. Mangrove has already begun building its new acquisition's U.S. sales team while initiating development of a new product aimed at the product's largest market segment. It is also assisting with the implementation of a sophisticated information technology system as well as addressing certain market-specific tax issues.

"We generated offers from eight great business suitors for our client, but Mangrove proved to be the best fit for several key reasons," said The March Group's Senior Managing Director, Robert Scarlata. "It is always very gratifying when a client says 'Thanks, we couldn't have done it without you' because we know that their business has been such a big part of their lives for so many years."

About The March Group

Founded in 1986, The March Group is headquartered in Coral Springs, Florida, and has offices throughout the United States and worldwide. The company employs over 200 professionals and has built a dynamic network of business contacts all over the globe. The March Group specializes in the marketing, negotiation and sale of privately held middle-market businesses. The March Group has successfully helped hundreds of business owners sell their companies by connecting them with buyers.

Contact Information

  • Media contact:
    Kelli Matonak
    Corporate Marketing Director
    The March Group
    Email Contact