Mangrove’s third new platform investment in the latest fourteen months.

The team at Mangrove Equity Partners is pleased to announce that we have completed the majority recapitalization of Gayesco, LLC, Mangrove’s third new platform investment in the latest fourteen months.

Gayesco, LLC is a Houston, TX based manufacturer of high-quality, custom–engineered, precise temperature sensor systems for process plants where accuracy in temperature measurement is critical to ensure process efficiency, quality of product output, and safety. Gayesco’s proprietary, innovative systems enjoy material competitive advantages relative to competitors’ systems. Mangrove looks forward to working with the incumbent management team to further penetrate additional process industries and international markets.

Just as Gayesco provides systems that perform for customers as few others can, Mangrove performed for the buy-side intermediary, Gayesco’s owners and managers as few funds in the lower middle market can today by:

• Bridging the financing of the transaction to ensure a timely closing, even in a difficult financing environment
• Having operating partners with engineering backgrounds to understand the technical aspects of this industrial niche (we speak the same language)
• Performing primary research to understand complex industry dynamics that would derail suitors who lacked the willingness and capacity to dig in, do the work and understand Gayesco’s opportunities
• Allowing the primary owner to transition from his day to day operating role into the product development work that is his passion
• Structuring a partnership that provides equity to key managers with whom Mangrove will pursue Gayesco’s considerable growth opportunities

Mangrove Equity Partners: More Than the Commodity of Cash. The Mangrove team works hard to be your go-to private equity fund in the lower middle market by offering experience across 122 deals and 48 industries, three full-time operating partners, and an attitude of partnership with our deal sources over the past 20 years. We roll up our sleeves and work with intermediaries to do what is necessary to move deals forward.