OAKBROOK TERRACE, IL – February 4, 2019 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to ComGraphics, Inc. in the sale of the company to an employee stock ownership plan.
ComGraphics, Inc. is a leading Chicago-based provider of transactional print and mail services, data and print management, document production, digital archival, disaster recovery and marketing support services. Founded in 1980, the Company delivers a broad portfolio of integrated services across the entire document life cycle and provides effective document outsource solutions to a wide variety of industries.
Prairie worked closely with the seller and management team, providing advisory expertise and managing the preparatory, due diligence, and negotiation phases of the transaction as well as structuring the financing for the transaction. Terms of the transaction were not disclosed. “Our greatest asset is our people. Implementing an employee stock ownership plan was the right solution for us”, says Denise Kretzer, owner of ComGraphics. “Prairie’s expertise and guidance was vital in getting the transaction closed timely and efficiently. The Prairie team was there to support us every step of the way.”
“It was very evident from the beginning that Denise wanted to preserve the legacy and independence of ComGraphics,” commented Rocky Fiore, chief operating officer and managing director at Prairie. “The ESOP will provide participating employees with an incredible opportunity to build a meaningful retirement nest egg through their hard work and dedication,” continued Fiore. “ESOP transactions require the focus and commitment of an entire team of advisors to successfully bring a transaction to close. We appreciate each of the outstanding professionals that worked diligently to help make Denise’s vision a reality.”
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 consistently ranks as a Top 10 fairness opinion provider by Thomson Reuters and 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 Mon, February 4, 2019
by Wendy Gugora