OAKBROOK TERRACE – March 10, 2025 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce that Arrow Pneumatics, Inc. (“Arrow” or the “Company”) has been acquired by Milton Industries, Inc. (“Milton Industries”), a portfolio company of Levine Leichtman Capital Partners. Prairie acted as the exclusive financial advisor in this transaction to Arrow and its shareholders and was led by Tim Witt and Macie Dorow of Prairie. Terms of the transaction were not disclosed.
Founded in 1914 and located in Broadview, IL, Arrow is a leading designer and manufacturer of a complete line of air preparation products for the compressed air and fluid power markets. The Company’s diverse product offering includes filters, regulators, lubricators, desiccant products and a robust line of sintered bronze filters. Arrow serves both aftermarket and OEM customers in a diverse range of industries including aerospace, automotive, food and beverage, fluid power, medical and industrial equipment manufacturing.
Headquartered in Chicago, IL, Milton Industries is a leader in the production of professional-grade and highly engineered components, tools and accessories for critical air and fluid flow applications across various demanding end markets. The Company’s offerings include couplers, plugs, gauges, chucks, fittings, filters, regulators, lubricators, blowguns, hoses and other accessories that set industry standards for performance and quality. Levine Leichtman Capital Partners is an established middle market private equity firm with four decades of successful investing in the U.S. and Europe.
Arrow CEO Benny Kawa, shared, “I’m blessed to have had the opportunity to lead the Arrow team for the past 18 years and I’m extremely proud of the reputation we have built for consistently delivering high quality solutions to our valued customer base. I’m very excited for the new capabilities that our customers will enjoy through our partnership with Milton Industries. I am also extremely appreciative of the Prairie team’s expertise, patience and tireless efforts throughout the transaction process. Our ownership group and management team are grateful to have had Prairie in our corner.”
“We greatly appreciate the opportunity to work with Benny Kawa and his team to find the right partner to continue the Arrow Pneumatics legacy while meeting the core goals established by the Arrow ownership group,” said Tim Witt, Managing Director at Prairie. Macie Dorow, Vice President at Prairie says, “This transaction represents another successfully completed engagement for Prairie’s Investment Banking team within the industrials segment. We look forward to continuing to serve middle-market family, ESOP and PE owned businesses through the ownership transition process.”
About Prairie Capital Advisors
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2024, Prairie was awarded the Corporate Fairness Opinion Provider of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Media Contact
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com
