OAKBROOK TERRACE, IL – September 5, 2017 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle market investment bank, is pleased to announce that it has represented Kriz-Davis Co. (“Kriz-Davis” or the “Company”), and its shareholders in the sale of the Company to Border States Industries, Inc. (“Border States”). The transaction was publicly announced on July 26, 2017 and closed on August 28, 2017. Terms of the transaction were not disclosed.
Headquartered in Grand Island, Nebraska and founded in 1945, Kriz-Davis is a leading distributor of electrical products with 18 locations covering six states in the Midwest. As a full line electrical distributor, the Company has continuously served the electrical utilities, industrial/automation, electrical contractor, and data communications markets while delivering value and innovation to the growing needs of its customers. Kriz-Davis is perennially ranked as a Top 50 Largest Electrical Distributor in the U.S. by Electrical Wholesaling Magazine.
Timothy Berry, Kriz-Davis’ President and CEO, commented, “Prairie’s highly dedicated team provided invaluable guidance in what was a challenging and complex transaction. Their understanding of our industry in addition to the complexities of ESOP ownership, led to an outstanding result for Kriz-Davis and its employee shareholders. Not only did the Prairie team give us senior-level personal attention but we also developed invaluable relationships throughout the process. The Prairie team is top-notch.”
“We continue to see strong interest in high-quality, value-added electrical products distributors in North America as larger industry participants seek acquisitions to enhance revenue growth,” said Timothy Witt, a Managing Director at Prairie. “Kriz-Davis extends our successful track record of M&A advisory to the sector, and we are excited to watch its partnership develop with Border States.”
Prairie Capital Advisors acted as the exclusive financial advisor to Kriz-Davis, working closely with its shareholders and management team throughout the sale process. Prairie’s deal team was integrally involved in each step of the process and guided Kriz-Davis and the management team to a successful transaction outcome.
About Prairie Capital Advisors
Prairie provides investment banking, ESOP advisory, and valuation advisory services to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, Prairie specializes in merger and acquisition advisory services and is a nationally recognized advisor for ESOP transaction strategies. Prairie is also ranked as a Top 5 Advisor for Fairness Opinions in the U.S. based on number of deals per Thomson Reuters. For more information visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.