OAKBROOK TERRACE, IL – June 24, 2020 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Caesar Creek Software, Inc. in the sale of the company to an employee stock ownership plan.
Caesar Creek Software is a leading provider of research and development services primarily to the Federal government and major defense contractors. They pride themselves in offering high-quality, sophisticated services with the uppermost ethical standards.
Prairie provided advisory expertise to the selling shareholder and management team and executed on the preparatory, due diligence and negotiation phases of the transaction. Prairie also worked closely with other professional advisors navigating specific tax and contractual considerations needed in the transaction. Terms of the transaction were not disclosed. “Rewarding employees for their contributions to Caesar Creek has always been a priority for me,” says Kevin Hoffer, Founder and President of Caesar Creek Software. “Transitioning ownership to our employees was the right solution for our company. Prairie’s team demonstrated the expertise and guidance needed in structuring the right ESOP transaction for all of us.”
“After considering various ownership transition structures for Caesar Creek, it became clear that the ESOP met nearly all of Kevin’s near and long-term objectives,” commented Tom DeSimone, Director at Prairie. “Having employees share in the value created at Caesar Creek is extremely important to the company culture created over 20 years ago. It was a pleasure working with the Caesar Creek team throughout the entire transaction process.”
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuation advisory and financial reporting valuations 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 2020 Valuations & Fairness Opinions Advisor of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
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Prairie Capital Advisors, Inc.