OAKBROOK TERRACE, IL – February 7, 2023 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, is pleased to announce that Storage Structures, Inc. (“Storage Structures”) was acquired by merger by Central States Manufacturing, Inc. Prairie acted as exclusive financial advisor in this transaction to Storage Structures, Inc. and its shareholders and was led by Michael McGinley of Prairie. Terms of the transaction were not disclosed.
Established in 2007 and headquartered in Villa Rica, Georgia, Storage Structures is a national leader of innovation and design for self-storage and the exclusive provider of the patented Alpha Framing System. They provide experts who design, procure and install metal building components for single story, boat and RV storage, bi-level and multi-story self-storage buildings.
Central States Manufacturing is based out of Tontitown, Arkansas and was founded in 1988. With over 1,200 employee owners and 11 manufacturing facilities, they serve over 6,000 commercial, architectural, post frame and residential customers around the nation. As a 100% employee-owned company, they are a leading manufacturer of metal building components with 14 metal roofing and wall panel profiles, as well as a full line of trim, accessories and structural purlin.
“We are honored to have advised Storage Structures on this transaction. Both companies and their leadership teams embodied the best of employee ownership culture and the benefits that it can bring to a company. Each company lives by its values in a way that is truly inspiring, and the combination of these two amazing companies should have great success for all of their employee owners,” said Michael McGinley, Managing Director at Prairie.
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations & 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. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.