M&A Deal Summary

Prairie Capital Acquires Family Allergy & Asthma

On March 1, 2018, private equity firm Prairie Capital acquired healthcare services company Family Allergy & Asthma

Acquisition Highlights
  • This is Prairie Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Prairie Capital’s 61st transaction in the United States.
  • This is Prairie Capital’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-03-01
Target Family Allergy & Asthma
Sector Healthcare Services
Buyer(s) Prairie Capital
Deal Type Recapitalization
Advisor(s) BB&T Capital Markets (Financial)

Target

Family Allergy & Asthma

Louisville, Kentucky, United States
website
Family Allergy & Asthma is a provider of allergy, asthma, immunology services, and treatment options including exercise challenge and antibiotic testing. Family Allergy currently operates 31 allergy clinics with 33 providers throughout Kentucky, Indiana, and Ohio and serves over 60,000 patients annually. Family Allergy & Asthma was established in 1979 and is based in Louisville, Kentucky.

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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 62 of 77
Sector (Healthcare Services) 2 of 4
Type (Recapitalization) 15 of 24
State (Kentucky) 1 of 1
Country (United States) 61 of 75
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Damac Products

La Mirada, California, United States

Damac Products, Inc. is a manufacturer of custom data center infrastructure equipment. Damac's data center infrastructure products include server cabinets, wall mount racks, seismic and thermal management products, power distribution equipment, and cable runway systems. Damac product line includes more than 2,500 items engineered to the most exacting specifications. Damac Products was founded in 1984 and is based in La Mirada, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Foss Swim School

Eden Prairie, Minnesota, United States

Foss Swim School is a provider of learn-to-swim programs for children of all ages and skill levels. Foss currently operates 14 swim school locations throughout the Minneapolis and Chicago markets. The Company offers year-round swim instruction with over 20,000 students enrolled at any given time, and total annual enrollment approaching 100,000 students. Foss Swim School was established in 1993 and is based in Eden Prairie, Minnesota.

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