OAKBROOK TERRACE, IL – November 9, 2021 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce Florikan ESA LLC (“Florikan” or the “Company”) has been acquired by Profile Products LLC (“Profile”). Prairie acted as exclusive financial advisor in this transaction to Florikan and its shareholders and was led by Tim Witt and Dan DeLap of Prairie. Terms of the transaction were not disclosed.
Founded in 1981 and headquartered in Sarasota, FL, Florikan is an award-winning privately held agri-tech business that strives to evolve plant nutrition through advanced fertilizer technologies. The Company engineers specialized coatings to encapsulate fertilizers, while optimizing plant nutrition and reducing environmental impact. By manufacturing, blending and distributing controlled release fertilizer to high-value ornamental and agricultural markets throughout the world, Florikan achieves its vision of bringing plant nutrition, production and conservation together.
Headquartered in Buffalo Grove, IL, Profile has developed a portfolio of disruptive consumables designed to help its customers generate higher yields, reduce costs and achieve environmentally sustainable outcomes. The Company has a long history of innovation that has resulted in the development of differentiated, IP-protected offerings used by customers across multiple end markets including horticulture, infrastructure services, sports fields and others. Profile’s Thermally Refined® wood fiber substrate product, HydraFiber®, has been engineered as a value-added component of horticultural growing media mixes, helping growers improve root development and water retention while offering cost advantages and greater environmental sustainability compared to legacy growing media.
“We are thrilled to have advised Florikan on this transaction. We believe that Florikan’s continuous innovation, commitment to quality and stewardship of the environment will enhance Profile’s ability to continue its mission of providing effective, environmentally friendly solutions to its customers,” 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 Dan DeLap, Vice President 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.
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Prairie Capital Advisors, Inc.