Hiring a financial advisor that can address both M&A and ESOP concerns is critical to a successful sale process. Prairie's extensive knowledge of ESOP transactions and selling ESOP-owned companies allows us to anticipate potential ESOP fiduciary concerns and improve the likelihood of a successful sale.
Founded in 1959 and headquartered in Kennesaw, Georgia, Packard has been a dominant force in the HVACR industry since its inception. As a master distributor, Packard brings wholesalers and OEMs innovative, high-quality products that include top industry names and their own exclusive private-label lines. The Company became 100% employee-owned in 2017.
Packard, Inc. has been acquired by DiversiTech Corp.
Founded in 1860, Crafts Technology strives to deliver the most advanced systems and tooling that continually enhance the utilization & performance of industrial equipment. Headquartered in Elk Grove Village, Illinois, Crafts offers decades of experience in developing products that demand super-hard materials in order to achieve maximum wear life, corrosion resistance and optimal performance for each application.
Crafts Technology was acquired by Hyperion Materials & Technologies, a portfolio company of KKR.
Founded with a single testing product in 1984, Cirris has grown to become a leader in the development and production of wire and harness test equipment, including testers, adapters, software, accessories and custom products. Headquartered in Salt Lake City, Utah, the company serves customers in over 20 countries on all seven continents. Prior to the transaction, Cirris Systems Corporation was an employee-owned company.
Cirris Systems Corporation has been acquired by The Schleuniger Group. The Schleuniger Group is a subsidiary of the Swiss publicly-traded firm The Metall Zug Group, an industrial holding company headquartered in Zug, Switzerland.
Dekker Vacuum Technologies, headquartered in Michigan City, IN and established in 1998, is a leading provider of highly engineered vacuum pumps and systems used in mission critical applications. With a growing domestic and international installed base of pumps and systems, Dekker serves a variety of industrial end markets including aerospace, chemical, food, medical services, oil and gas, power generation, and wastewater.
Dekker Vacuum Technologies has been acquired by Atlas Copco.
Omni Cable Corporation, headquartered in West Chester, PA and established in 1977, is one of North America’s largest redistributors of specialty wire, cable and ancillary electrical products selling exclusively to electrical distributors. Serving a diverse range of end markets, the Company has developed a leading platform with 13 strategically located distribution centers in the United States and Canada.
Omni Cable Corporation has been acquired by Dot Family Holdings
Founded in 1926 in Saginaw, MI, Galen E. Wilson Petroleum Co. is a network of retail convenience stores serving the Mid-Michigan area. The company has 17 retail locations operating under the Express Stop Convenience Stores name.
Express Stop was acquired by Corrigan Oil Co.
Founded in 1975, Quadna, Inc. is in the business of selling and servicing pumps, mixers, edgestrips, and other equipment related to fluid and air handling. Pumps are sold primarily to customers in Arizona, Colorado, Nevada, New Mexico, Nebraska, South Dakota, North Dakota, Montana, and Wyoming.
Quadna has been acquired by DXP.
Consolidated Lumber is a leading provider of residential and commercial building and construction materials. Founded in 1903, the Company operates out of 16 locations serving the Wisconsin and Minnesota markets.
Consolidated Lumber, a majority ESOP-owned company, was acquired by Aiglon Capital Management
With a history dating back to 1927, Mapes LBH, Inc. & Subsidiaries is a leading processor and distributor of specialty enameling and electrical steel with significant steel toll processing, storage and transportation capabilities. The Company also manufactures transformer cores for the power distribution industry.
Mapes LBH, Inc. & Subsidiaries, a majority ESOP-owned company, have been acquired by Mapes Holdings LLC.
For over 35 years, Harlow-HRK Sales & Marketing, Inc. and Affiliates has been a leader in providing sales, marketing, analytical, and retail support to manufacturers of natural and specialty food items. Harlow provides services to approximately 400 consumer packaged goods companies representing nearly 875 brands within the grocery, natural, multicultural, and drug & general merchandise market segments.
Harlow HRK Sales & Marketing, Inc., a majority ESOP-owned company, was acquired by Impact Sales LLC.
Headquartered in Grand Island, Nebraska and founded in 1945, Kriz-Davis is a leading distributor of electrical products with 18 locations covering six states in the Midwest. As a full line electrical distributor, the Company has continuously served the electrical utilities, industrial/automation, electrical contractor, and data communications markets while delivering value and innovation to the growing needs of its customers.
Kriz-Davis Co., a majority ESOP-owned company, has been acquired by Border States Industries, Inc.
Bettcher® Industries is a leading developer and manufacturer of innovative precision cutting and trimming tools for the food processing and industrial manufacturing sectors. The company also manufactures food preparation equipment for restaurants and commercial kitchens in the foodservice industry.
Bettcher Industries, Inc., a majority ESOP-owned company, has been acquired by Morgenthaler Private Equity.
Headquartered in Roselle, Illinois and founded in 1923, Sternberg Lighting has maintained its position as a leader in the architectural and decorative street lighting industry. With its unique combination of technological innovation and design, the Company serves diverse end-markets including municipal, education and commercial customers.
Sternberg Lighting, a majority ESOP-owned company, has been acquired by Lumenpulse Group.
Since our inception, Prairie Capital Advisors has served business owners and ESOP Fiduciaries on endless ESOP matters