Prairie Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Prairie Capital has acquired 6 companies.

Prairie Capital’s most common sectors for investment areconsumer products (23%) and business services (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (60%) and recapitalization (27%). In total, Prairie Capital has invested in 27 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2003 when it acquired Dynata for $92M.

In the last 3 years, Prairie Capital has exited 5 companies. The Firm’s most common exit type is secondary buyout (45%). Prairie Capital’s largest (disclosed) exit occurred in 2014 when it sold Cole Taylor Bank for $640M.

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M&A Summary

  • M&A Total Activity114
    • M&A Buy Activity67
    • M&A Sell Activity47
  • Total Sectors Invested 31
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 55
  • M&A Advisors 5

Prairie Capital

191 North Wacker Drive, Suite 800,
Chicago, Illinois 60606
United States
(312) 360-1133
www.prairie-capital.com
bdaniels@prairie-capital.com

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 $15 - $35 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Engineering, Environmental, Financial Services, Food, Furniture, Healthcare Services, Information Technology, Life Science, Manufacturing, Marine, Marketing, Medical Products, Metals/Mining, Packaging, Publishing, Retail, Safety/Security, Semiconductors, Software, Staffing

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Acquisition Financing, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 20 100
Target EBITDA 4 12
Investment Size 15 35
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.8/yr) # 58 3 2 2 2 - 67
vol $92M $92M
Sell (2.0/yr) # 37 5 2 2 1 - 47
vol $662M $662M
  114

Most Recent M&A

Company Date Value Type
Industrial Water Treatment Solutions Corp. 2020-07-01 - Add-on Acquisition
Harvey, Illinois · www.iwts.com
Netalytics 2020-02-21 - Recapitalization
Greer, South Carolina · www.netalytics.com
Legacy Hospice Holdings, Inc. 2020-01-01 - Recapitalization
Livingston, Alabama · www.legacyhospice.net
Fairway Lawns, Inc. 2019-12-23 - Buyout (LBO, MBO, MBI)
Little Rock, Arizona · www.fairwaylawns.com
AlpHa Measurement Solutions LLC 2019-12-02 - Buyout (LBO, MBO, MBI)
Houston, Texas · www.alpha-measure.com
Chicago Deferred Exchange Co. LLC 2019-02-20 - Add-on Acquisition
Chicago, Illinois · www.cdec1031.com
ProVest LLC 2019-01-02 - Secondary Buyout
Tampa, Florida · www.provest.us
Pioneer Metal Finishing LLC 2018-08-02 - Secondary Buyout
Green Bay, Wisconsin · www.pioneermetal.com
National Enzyme Co. 2018-07-19 - Add-on Acquisition
Forsyth, Missouri · www.nationalenzyme.com
Foss Swim School 2018-06-01 - Recapitalization
Eden Prairie, Minnesota · www.fossswimschool.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 3 (18%) - 15 (22%) -
Business Services 1 (6%) - 7 (10%) -
Education 4 (24%) - 5 (7%) -
Electrical Equipment 1 (6%) - 4 (6%) -
Healthcare Services 2 (12%) - 3 (4%) -
Manufacturing - - 3 (4%) -
Consumer Services 2 (12%) - 2 (3%) -
Distribution 1 (6%) - 2 (3%) -
Financial Services - - 2 (3%) -
Safety/Security - - 2 (3%) -
Software 1 (6%) - 2 (3%) -
Information Services - - 1 (1%) 92M (100%)
Apparel/Textiles - - 1 (1%) -
Automotive - - 1 (1%) -
Beverages - - 1 (1%) -
Communications - - 1 (1%) -
Engineering 1 (6%) - 1 (1%) -
Environmental - - 1 (1%) -
Food - - 1 (1%) -
Information Technology - - 1 (1%) -
Internet Software and Services - - 1 (1%) -
Machinery - - 1 (1%) -
Marketing - - 1 (1%) -
Medical Products - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Packaging - - 1 (1%) -
Publishing - - 1 (1%) -
Retail - - 1 (1%) -
Semiconductors 1 (6%) - 1 (1%) -
Staffing - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 17 - 67 $92M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 17 (100%) - 66 (99%) 92M (100%)
  Illinois 2 (12%) - 11 (16%) -
  Texas 2 (12%) - 6 (9%) -
  Florida 2 (12%) - 4 (6%) -
  California 1 (6%) - 4 (6%) -
  Ohio 1 (6%) - 3 (4%) -
  North Carolina 1 (6%) - 3 (4%) -
  Wisconsin - - 3 (4%) -
  Oregon - - 3 (4%) -
  New York - - 3 (4%) -
  Mississippi 1 (6%) - 2 (3%) -
  Minnesota 1 (6%) - 2 (3%) -
  Massachusetts 1 (6%) - 2 (3%) -
  Utah - - 2 (3%) -
  Tennessee - - 2 (3%) -
  Michigan - - 2 (3%) -
  Iowa - - 2 (3%) -
  Indiana - - 2 (3%) -
  South Carolina 1 (6%) - 1 (1%) -
  Pennsylvania 1 (6%) - 1 (1%) -
  Kentucky 1 (6%) - 1 (1%) -
  Arizona 1 (6%) - 1 (1%) -
  Alabama 1 (6%) - 1 (1%) -
  Connecticut - - 1 (1%) 92M (100%)
  New Hampshire - - 1 (1%) -
  Missouri - - 1 (1%) -
  Colorado - - 1 (1%) -
  Arkansas - - 1 (1%) -
United Kingdom - - 1 (1%) -
Domestic 17 (100%) - 66 (99%) 92M (100%)
Cross-border - - 1 (1%) -
Total 17 - 67 $92M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (35%) - 40 (60%) 92M (100%)
Recapitalization 10 (59%) - 18 (27%) -
Secondary Buyout 1 (6%) - 4 (6%) -
Growth Capital - - 3 (4%) -
Acquisition Financing - - 1 (1%) -
Divestiture - - 1 (1%) -
Total 17 - 67 $92M

Exits by Deal Type

Type Total # Value
Secondary Sale 22 (47%) -
Trade Sale 9 (19%) -
Trade Sale - Public Company 8 (17%) 22M (3%)
Merger 3 (6%) 640M (97%)
Recapitalization 2 (4%) -
Bankruptcy 1 (2%) -
Sold to Management 1 (2%) -
Unknown 1 (2%) -
Total 47 $662M

Top M&A Advisors

Financial Deals
Livingstone Partners LLP
 1
BlackArch Partners LLC
 1
Lincoln International
 1
Legal Deals
Kirkland & Ellis LLP
 1
Katten Muchin Rosenman LLP
 1

Deal Values

buy # Total
< $100M 1 $92M
TOTAL $92M
Largest Dynata, LLC
$92M (2003-02-07)
sell # Total
$100M to $1B 1 $640M
< $100M 1 $22M
TOTAL $662M
Largest Cole Taylor Bank, Inc.
$640M (2014-10-30)

M&A Connections

Deals
Acquired from
Investor(s)
4%
3 (4%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
51%
24 (51%)
Strategic(s)
36%
17 (36%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

525M USD

Established

1997

Specialist/Generalist

Generalist

Leadership

Bryan Daniels

Co-Founding Partner

Stephen King

Co-Founding Partner

Tom Weidaw

CFO & Compliance Manager

Michelle Nunez, SPHR

Managing Director – Human Resources

Chris Killackey

Partner

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