Mangrove Equity Partners is pleased to announce the successful sale of Patrol Protect Secure, Inc. (“PPS”), a leading provider of contract security services.
Originally established as a platform investment by Mangrove and Sunlake Capital in December 2018, PPS was designed to execute a consolidation strategy within the fragmented contract security industry. The company’s mission was to identify and acquire best-in-class small- to medium-sized contract security businesses throughout the United States and partner with their owners and management teams to build a superior alternative to national operators.
Strategic Growth Through Acquisition
Under Mangrove’s ownership, PPS successfully completed six strategic acquisitions that formed the foundation of a differentiated security services platform:
- JBM Patrol and Protection (December 2018)
- American Heritage Protective Services (August 2019)
- Internal Security Associates (June 2020)
- SSA Security Group (February 2021)
- Genric (August 2023)
- Seattle’s Finest (May 2024)
Value Creation Highlights
During the investment period, the Mangrove team partnered with management to achieve significant operational milestones:
- Scaled Operations: Grew the organization to 2,400 highly trained security officers deployed across more than 30 states, including a unique and differentiated off-duty law enforcement service offering in several metro markets
- Platform Integration: Developed a fully integrated and unified platform delivering best-in-class security and threat mitigation services
- Enhanced Service Offering: Leveraged the integrated security experience at Genric to build a growing service line of technology-enabled solutions, including remote security monitoring and mobile surveillance trailers
- Management Excellence: Built a sophisticated leadership team, including the recruitment of a CEO, CFO, CRO, and Controller
About Mangrove Equity Partners Mangrove Equity Partners strives to deliver uncommon value to those we partner and work with, including business owners, management teams and their employees and the intermediaries who help bring us together. We draw on our genuine and deep operational experience, extensive investment history, respect for people and culture and commitment to doing the right thing to help create positive outcomes for everyone involved.
Mangrove pursues investments in a broad range of industries, with a particular emphasis and past success in niche manufacturing, industrial and business-to-business services and enthusiast consumer products. We seek to invest in businesses headquartered in North America with EBITDA ranging from $3 million to $10 million and revenue ranging from $10 million to $100 million. For more information, please visit www.mangroveequity.com