OAKBROOK TERRACE, IL – April 8, 2020 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce Rotra, LLC and Rotra Brokerage Services, Inc. (collectively “Rotra” or the “Company”) have been acquired by Delmar International. Prairie acted as exclusive financial advisor in this transaction to Rotra and its shareholders and was led by Anthony Dolan and Tim Witt of Prairie. Terms of the transaction were not disclosed.
Rotra, headquartered in Wood Dale, IL and established in 1984, is a leading international freight forwarding and logistics company serving transpacific and transatlantic markets, focused on American and European middle-market customers. Rotra offers international air and freight import and export, fast ocean freight, customs clearance, warehousing, and custom packaging services.
Delmar International, is a privately-held Canadian-based, leading global supply chain solutions provider with 1,500 employees worldwide. Delmar’s core product offering includes international freight forwarding, customs services, warehousing and distribution, technology solutions, supply chain management, and trade consulting services. “Our acquisition of Rotra is a strategic opportunity for Delmar to both increase our substance in the ever-important U.S. Midwest market and to further grow our presence in European markets,” said Robert Cutler, Delmar International CEO.
“The Prairie team was terrific in helping us understand our options and finding the right partner that was best for our unique situation,” said CFO and shareholder, Peter Livorsi. “The Prairie team understood what was important to the shareholders of Rotra and effectively managed the complete transaction,” added President and COO, Joerg Frede. “We are pleased to have advised Rotra on this transaction. We believe that the cultural fit, added capabilities and geographic presence of Rotra will enable Delmar International to continue its growth as a leading global supply chain solutions provider,” said Anthony Dolan, 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 Tim Witt, Managing 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.