OAKBROOK TERRACE, IL – March 18, 2020– Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce Dekker Vacuum Technologies (“Dekker” or the “Company”) has been acquired by Atlas Copco. Prairie acted as exclusive financial advisor in this transaction to Dekker and its shareholders and was led by Tim Witt and Anthony Dolan of Prairie. Terms of the transaction were not disclosed.
Dekker, 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.
Atlas Copco is a global, industrial company based in Stockholm, Sweden, with approximately 39,000 employees and customers in more than 180 countries. The company provides market-leading compressors, vacuum solutions, generators, pumps, power tools, and assembly systems for a diverse array of end-markets. “This acquisition will complement our existing portfolio in the liquid ring pump market and will enable us to serve more vacuum applications at our customers,” said Geert Follens, Business Area President Vacuum Technique.
Dekker recognized Prairie’s extensive knowledge and expertise advising middle-market manufacturers of highly engineered products. Prairie designed and managed a competitive process with a targeted group of potential acquirers, which attracted significant buyer interest, and resulted in a highly successful outcome for its stakeholders. “The Prairie team did an incredible job of designing and managing a process that provided the ownership group with several attractive potential partners before ultimately completing a successful transaction with Atlas Copco. Prairie really understood our value proposition and how to effectively communicate the Company’s organic and strategic growth plans to the buyer community,” said CEO and shareholder, Rick Dekker.“Throughout the process, the Prairie team brought great professionalism and comfort due to their experience and knowledge,” added President, Charles Mitchell.
“We are pleased to have advised Dekker on this transaction. We believe the strategic combination of Dekker’s existing product portfolio, diverse end markets served, and unique business model will benefit all parties and enable Atlas Copco to continue growing its core industrial vacuum solutions platform,” said Tim Witt, Managing Director at Prairie. “This transaction represents another successful assignment completed by Prairie’s Investment Banking group as we continue our dedication to serving middle-market family and founder-owned businesses,” added Anthony Dolan, Director at Prairie.
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.