OAKBROOK TERRACE, IL – December 2, 2024 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Mattachione Construction, Inc. (“Mattachione” or “Company”) in its transition into an employee stock ownership plan (“ESOP”) company. Prairie acted as exclusive financial advisor in this transaction to Mattachione and its shareholders and was led by Franco Silva, and Harsh Patel of Prairie. Terms of the transaction were not disclosed.
Founded in 1989 by Michael Mattachione, Mattachione is a family-owned and operated masonry contractor specializing in full-service commercial and residential projects. Based in Apex, North Carolina, Mattachione offers comprehensive expertise in all aspects of masonry and concrete construction. Over the past 35 years, they have grown into a trusted leader in the industry, committed to customer service, quality, communication and dedication.
Prairie worked closely with the leadership team and sellers, providing ESOP advisory expertise, and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction.
Mike Mattachione, CEO of Mattachione Construction, Inc. commented, “Franco and his team did a great job of explaining the process and assisting in assembling a team to make it happen. Even after running into some unprecedented issues on the eve of closing, Prairie and the team were able to readjust and get the deal across the finish line with minimal delay. Many thanks to the team for assisting me in providing this incredible benefit to Mattachione’s employees while allowing me the flexibility to eventually transition away from the company.”
Franco Silva, Director at Prairie, stated, “It was a true pleasure collaborating with Mattachione on this significant transaction. Their dedication and vision make them the ideal fit to foster an ESOP. We are confident in their ability to excel and wish them great success as they embark on this exciting new chapter!”
Harsh Patel, Vice President, added, “It was an honor helping Mike and the Company transition its ownership to employees. Working with Mike, we quickly learned his dedication to his employees and vision for the future were remarkable. The ESOP will be a tremendous benefit for employees, giving them a stake in the company’s success and creating long-term financial security as the business grows.”
About Prairie Capital Advisors
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2023, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
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Media Contact
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com
