Schwartz Advisors announces it served as the exclusive sell-side adviser to Vintage Air in its sale to Mangrove Equity Partners.
Specialty manufacturer of performance aftermarket A/C systems for classic and late-model cars and trucks, Vintage Air of San Antonio, TX, represents the Mangrove team’s seventh platform investment in the enthusiast automotive aftermarket.
The senior management team of Rick Love, Ryan Zwicker and Allison Harding will continue to lead Vintage Air, while the company’s Founder and SEMA Hall of Famer, Jack Chisenhall, will be involved with the business as a brand ambassador and consultant.
“We were honored to work with Jack Chisenhall, a true leader in the industry, and the entire Vintage Air team,” said Schwartz Advisors CEO and Managing Partner Rick Schwartz. “We’re confident that Mangrove will be a great partner for this iconic company.”
Keith Zar, managing partner, led the Schwartz Advisors team, along with Schwartz, managing partners Derek Kaufman and Curtis Draper, partner Rick Guirlinger and project manager Shireen Doultani.