M&A Deal Summary

Prairie Capital Acquires Architectural Lighting Works

On May 26, 2017, private equity firm Prairie Capital acquired electrical equipment company Architectural Lighting Works

Acquisition Highlights
  • This is Prairie Capital’s 4th transaction in the Electrical Equipment sector.
  • This is Prairie Capital’s 59th transaction in the United States.
  • This is Prairie Capital’s 4th transaction in California.
Investment Fate
  • Architectural Lighting Works was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 2017-05-26
Target Architectural Lighting Works
Sector Electrical Equipment
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target

Architectural Lighting Works

Oakland, California, United States
website
Architectural Lighting Works is a designer and assembler of architectural LED lighting fixtures and participates in the large, fragmented, and rapidly growing LED lighting industry. Architectural Lighting Works was established in 2006 and is headquartered in Oakland, California.

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Buyer(S) 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 60 of 77
Sector (Electrical Equipment) 4 of 4
Type (Recapitalization) 13 of 24
State (California) 4 of 5
Country (United States) 59 of 75
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 BOTE

Miramar Beach, Florida, United States

BOTE is a watersports brand driven by a singular mission to stand apart through industry-shaping innovation, fresh ideas and simplicity to create a product that defines a lifestyle. BOTE boards and accessories are sold through independent specialty outdoor retailers and select national retail chains. BOTE was founded in 2008 and is based in Miramar Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Statlab Medical Products

McKinney, Texas, United States

Statlab Medical Products is a developer and manufacturer of cost-effective histology, cytology, and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Statlab Medical Products was founded in 1976 and is based in McKinney, Texas.

Sell -
Mergr

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