OAKBROOK TERRACE, IL – March 10, 2026 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Addison Smith Mechanical Contractor, Inc. (“Addison Smith” or “Company”) in its transition to an employee stock ownership plan (“ESOP”) company. Prairie acted as exclusive financial advisor in this transaction to Addison Smith and its selling shareholder and was led by Franco Silva and Harsh Patel of Prairie. Terms of the transaction were not disclosed.
Based in Carrollton, GA, Addison Smith is a mechanical contracting firm serving the commercial, industrial, healthcare and institutional markets. Founded in 1954, the Company provides comprehensive pre-construction and construction services, including HVAC, process piping, plumbing, building automation and ongoing service and maintenance. The Company remains committed to quality execution, collaborative partnerships and exceeding customer expectations.
Prairie worked closely with the leadership team and seller, providing ESOP advisory expertise and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction.
“I would like to extend my sincere appreciation to Prairie Capital Advisors for their outstanding expertise and leadership throughout our 100% ESOP transaction. Their team provided clear guidance, strategic insight and steady support from start to finish, ensuring a smooth, seamless and successful transition. Their professionalism and deep understanding of ESOP structures gave us confidence at every step. We highly value their partnership and look forward to a continuing affiliation with the Prairie Team,” said Tim Brewer, Chief Executive Officer of Addison Smith.
“We are proud to have advised Addison Smith on its transition to a 100% ESOP owned company. This transaction provides liquidity to the seller while preserving the Company’s culture, leadership team, and long-term strategic vision. Addison Smith is exceptionally well-positioned to thrive as an ESOP, and this milestone marks another successful ESOP construction transaction for Prairie,” added Franco Silva, Managing Director at Prairie.
Harsh Patel, Vice President at Prairie, also commented, “We were honored to advise the shareholder on this successful transition to employee ownership. The Company’s commitment to its people and long-term legacy made for a rewarding engagement, and we’re confident that employee ownership will fuel continued success and shared value for years to come.”
About Prairie Capital Advisors, Inc.
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2025, Prairie was named one of Grady Campbell’s Top 50 Investment Banks in the Middle Market. For more information, visit www.prairiecap.com.
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FOR IMMEDIATE RELEASE
Media Contact
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com
