OAKBROOK TERRACE, IL – December 1, 2022 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to CMA/Flodyne/Hydradyne (“CMAFH”) in the sale of the company to an employee stock ownership plan.
CMA/Flodyne/Hydradyne started as a locally owned company in 1974, acting as a full-service distributor for industry’s leading machine automation and control solutions. Since then, they have expanded to deliver cutting-edge services, employ over 100 experienced, dedicated personnel and provide new technology within the industrial marketplace. CMAFH specializes in designing and fabricating engineered systems, which include hydraulic power units, electrical control panels, solar energy, process control and more.
Prairie worked closely with the management team and sellers, 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. “After considering various ownership transition structures for CMAFH, it was evident that an ESOP met nearly all of my near-and long-term ownership transition objectives,” says Harry Aghjian, CEO of CMAFH. “Transitioning ownership to our employees was the ideal solution for next generation leaders, our associates and our company. Prairie’s team demonstrated the expertise and guidance needed in structuring the right ESOP transaction for all of us.”
“The CMAFH team had a very clear vision of the future and how the ESOP could help contribute to the growth, success and independence of the Company,” commented Shaun McGehee, Director at Prairie. “It was a pleasure working with the CMAFH team throughout the entire transaction process,” added Dave Diehl, CEO at Prairie. “This transaction represents another successful transaction engagement completed by Prairie as we continue to serve middle-market family-and founder-owned businesses in this industry.”
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations & opinions 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. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.