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Management Buy-out of Integrated Global Services, Inc.

Management Buy-out of Integrated Global Services, Inc.

The team at Mangrove Equity Partners is pleased to announce that we have completed the Management Buy-out of Integrated Global Services, Inc., a Virginia-based provider of customized surface protection solutions for power generation and industrial process facilities.Mangrove recently partnered with the incumbent management team of Integrated Global Services (IGS) to affect a management buy-out of this leading provider of customized surface protection solutions for power generation and industrial process facilities. IGS’ custom-engineered thermal spray and weld overlay solutions offer sacrificial linings that protect process equipment from erosion and/or corrosion. IGS helps its customers address mission-critical objectives of lengthening equipment life, minimizing equipment downtime, increasing plant throughput, and complying with increasingly stringent environmental mandates. IGS has facilities in the U.S., South Africa and Japan and operates worldwide. Mangrove was attracted to the non-discretionary and recurring-revenue aspects of the business, as well as to IGS’ strong management team and outstanding worldwide reputation.Mangrove brought more than just the commodity of cash to the transaction and to IGS:

 

Click here to download the official announcement