Prairie Announces the Sale of Brian Tooley Racing to an ESOP
OAKBROOK TERRACE, IL – September 19, 2018 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Brian Tooley Racing, Inc. in the sale of the company to an employee stock ownership plan.
Brian Tooley Racing, Inc. is an online auto parts retailer providing top quality performance parts. The company sells to a wide cross section of customers both domestically and across the globe. The company was established by Brian Tooley in 2012 in response to specific customers’ demands that were going unfulfilled in the marketplace.
Prairie worked closely with the management team and sellers, providing advisory expertise and managing the preparatory, due diligence, and negotiation phases of the transaction. Terms of the transaction were not disclosed. “After going through the sale of my previous company, I knew I didn’t want to go through that process again and wanted a transition that would allow me to reward the employees that made Brian Tooley Racing the successful company it is today,” says Brian Tooley, Owner of Brian Tooley Racing. “Tim Jamison and his team at Prairie Capital Advisors have the ESOP expertise that made this transaction to Employee Ownership a reality. Brian Tooley Racing is an exciting place to be and the ESOP structure allows us to continue growing, innovating and rewarding our employees.” Tim Jamison, Director at Prairie says, “It was a pleasure working with Brian and his team throughout the entire transaction process. From the first day we met him, Brian was very motivated to do an ESOP to reward his employees and they are going to be a great ESOP company.”
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory and valuation services to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. Prairie was named the 2017 U.S.A. Fairness Opinion Advisor of the Year by M&A Atlas. For more information visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
Posted on Wed, September 19, 2018
by Wendy Gugora