OAKBROOK TERRACE, IL – September 28, 2023 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Thompson Solutions Group (“Thompson” or “Company”) in the transition of the company into an employee stock ownership plan.
Thompson Solutions Group, founded in 1933, is a premier Midwest electrical contractor and technology integrator that uses advanced technology and innovative solutions to help businesses operate more efficiently, securely, and safely. Thompson is dedicated to their people, who drive the passion for their company. Headquartered in Iowa, Thompson additionally operates in South Dakota and Nebraska.
Prairie worked closely with the management 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. Terms of the transaction were not disclosed.
“Inviting employees to share in the value created at Thompson Solutions Group will only enhance the company’s core values of being employee-driven and solutions-focused. It was a pleasure working with the Thompson team throughout the entire transaction process,” commented Shaun McGehee, Director at Prairie.
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 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.