OAKBROOK TERRACE, IL – February 3, 2023 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce Livers Bronze Co. (“Livers” the “Company”) has been acquired by Sage Capital (“Sage”), members of the Livers family and the Company’s management. Prairie acted as the exclusive financial advisor in this transaction to Livers and its shareholders. John Waller of Prairie led the transaction. Terms were not disclosed.
Members of the Livers family founded the Company in 1946 to produce architectural ornamental metal work for commercial and public buildings. Over the years, management directed the Company’s operations to design and produce cutting-edge commercial railing systems that serve both an aesthetic and functional role. Livers Bronze operates from its highly efficient facility in Kansas City, Missouri.
Sage Capital, a private equity firm formed in 2004, makes long-term investments in lower-middle market businesses in North America. A core group of managing and investing partners – all current or retired executives – founded the firm with a shared approach to participating in and growing successful businesses. Today, the firm invests out of a committed fund whose investors include the original group and new members with similar business leadership backgrounds. Collectively, the firm offers a wealth of experience across a diverse array of industries, contributing judgment in addition to capital.
“Prairie’s hard work, market intelligence and transaction savvy process enabled us to achieve an excellent outcome in this transaction. Not only did they develop multiple options for us to choose from, but they also educated and guided us through the transaction process from beginning to end. Their assistance was invaluable,” said Charlie Livers, a co-owner of Livers.
Brett Livers, also a co-owner of the Company said, “The steady, guiding hand and attention to detail that the Prairie team brought to this transaction were beyond what we had expected. They were a pleasure to work with and essential to this successful outcome. The Company is now well-positioned for an outstanding future.”
“Livers’ extensive design resources, outstanding manufacturing capabilities and talented workforce have enabled the Company to secure a strong market position that we found very attractive. We look forward to working with the entire Livers team as the business continues to grow in the future, ”commented Wes Jones, a partner at Sage. “Under Charlie’s, Brett’s and their brother Deuce’s guidance, Livers has become synonymous with cutting-edge, architecturally railing systems. We look forward to working with them to continue to build on their reputation, serving architects and builders around the country,” added John Lemkemeier, a partner at Sage.
“With nearly 30 years of experience selling companies, I have had the great fortune to work with hundreds of management teams. I can unequivocally state that the Livers team was one of the most enjoyable and capable groups I have worked with. Their future with Sage is very bright indeed,” said John Waller, a Managing Director at Prairie.
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations and 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. For more information, visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.