OAKBROOK TERRACE, IL – December 12, 2017 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle market investment bank, is pleased to announce that it has represented Tacoma Electric Supply Inc. (“Tacoma Electric” or the “Company”) and its shareholders in the sale of the company to Winsupply Inc. Tacoma Electric Supply is a portfolio company of Thompson Street Capital Partners.
Founded in 1981 in Tacoma, Washington, Tacoma Electric Supply is a full-service electrical distributor with locations in Tacoma and Puyallup. Tacoma Electric is consistently listed in the top 200 largest distributors in the nation in Electrical Wholesaling magazine.
Brad Strahorn of Thompson Street Capital Partners said, “We would like to thank the Prairie team for their professionalism, expertise, and support throughout the sale process. Thompson Street and the Tacoma Electric management team were provided with thoughtful advice throughout, and Prairie ran a competitive process and diligent transaction, resulting in a terrific outcome for the shareholders and management team.”
“From start to finish, we had senior-level personal attention and felt the Prairie team was uniquely positioned to convey the valuation proposition of Tacoma Electric to the marketplace,” added Charlie Silva, Tacoma Electric’s president. “Prairie’s electrical distribution industry knowledge, execution experience, and access to key decision makers were essential to a successful sale process.”
“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, managing director at Prairie.
Anthony Dolan, director at Prairie, added, “Tacoma Electric extends our successful track record of M&A advisory to the sector, and we are excited to watch its partnership develop with Winsupply.”
Winsupply Inc. is a leading supplier of residential and commercial construction and industrial supplies and equipment headquartered in Dayton, Ohio. The privately-held company has nearly 600 wholesaling locations in 45 states.
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory and valuation services 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 2017 U.S.A. Fairness Opinion Advisor of the Year by M&A Atlas. For more information visit www.prairiecap.com.
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.