Steam Turbine Alternative Resources, Inc is a Marion, Ohio-based business engaged in high-precision manufacturing and field installation of replacement parts for high-capacity steam and gas turbines. STAR specializes in manufacturing and installing custom turbine seals known as “packing rings,” which are critical wear parts that have a significant impact on the performance and efficiency of turbines.
PPS Makes Third Investment in U.S. Security Industry with Acquisition of Internal Security Associates, LLC
Patrol Protect Secure, Inc. is pleased to announce its third investment in the U.S. contract security industry with the acquisition of Internal Security Associates, LLC (“ISA”). ISA is a leading provider of security services in Boston MA, primarily focused on public sector customers, including state agency offices, courthouses, and government buildings. The Company is differentiated from its competitors through its service quality, highly trained employees, and professional management team.
Hi-Lite Airfield Services, LLC is a Watertown, New York-based provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Hi-Lite offers innovative and sustainable maintenance solutions to support airport operations and safety management and to ensure compliance with stringent FAA and ICAO regulations.
Patrol Protect and Secure, Inc. (known as “PPS”) is pleased to announce its second investment in the U.S. contract security industry with the acquisition of American Heritage Protection Services (“AHPS”). AHPS is an Illinois based quality provider of armed and unarmed security guard services, primarily to utility companies and healthcare facilities. This addition and other initiatives have tripled the profits of PPS in the 9 months since our initial investment. The acquisition of AHPS is complementary to PPS’ existing operations and adds size, scale, and diversity to the platform.
Mangrove Equity Partners is pleased to announce the addition of David Fowles to our team. At Mangrove David will work closely with Glenn Oken and Phillip Marks in identifying appropriate investment opportunities and advancing them through Mangrove’s new deal process.