Exited
Enthusiast Consumer
Excalibur
Enthusiast Consumer
Manufacturing
Exited
Fund: fund-i
Date Invested: January 2010
Location: Kitchener, Ontario Canada
Excalibur Crossbow is one of North America’s leading crossbow manufacturing companies. As the only high-end recurve crossbow on the market, Excalibur enjoys a cult-like following due to its superior durability, accuracy, and power. When independently tested against competitors Excalibur bows proved to be some of the fastest, most accurate, and longest lasting crossbows on the market.
Mangrove’s Value-Add During Our Tenure:
- Assisted Excalibur (a Canadian company), to penetrate the U.S. market, build a new marketing strategy, develop new sales channels, and initiate new product lines, which led to over 100% EBITDA growth.
- Helped the founders reach their retirement goals by developing and promoting a new leader from within the company, in accordance with the founders’ desires.
- Worked with management to improve manufacturing infrastructure and processes while doubling capacity.