Mangrove Announces Sale of Shields Business Solutions

Mangrove Equity Partners is pleased to announce the sale of Shields Business Solutions, a leading provider of bank technology solutions primarily focused on the sale, installation and maintenance of ATMs and ITMs. Headquartered in Moorestown, NJ, Shields also provides cash-in-transit services, offering its bank and credit union customers a unique single-source solution.

“Our partnership with Mangrove was tremendously valuable to Shields. They worked closely with us to set a clear strategic vision and then supported our execution with their experience and significant investments in people, systems and infrastructure. I’m thankful to the Mangrove team for their commitment and support and the success we achieved together,” said Mark McGrath, President of Shields Business Solutions.

Mangrove proved to be materially helpful while supporting the Shields team on a number of strategic initiatives. Together, we:

• Updated and bolstered Shields’ organizational structure
• Recruited and hired an experienced sales leader and a Chief Financial Officer
• Implemented a customized ERP system
• Maximized sales opportunity from industry trends to sell new hardware and grow long-term maintenance contracts
• Consistently outperformed competition to win armored service contracts

About Mangrove Equity Partners: Mangrove Equity Partners strives to deliver uncommon value to those we partner and work with. For more information, please visit www.mangroveequity.com.