Prophet Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Prophet Equity has acquired 1 company. It has also invested in 1 other.

Prophet Equity’s most common sectors for investment are business services (17%) and manufacturing (17%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and divestiture (17%). In total, Prophet Equity has invested in 11 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired Total Plastics Int l for $55M.

In the last 3 years, Prophet Equity has exited 3 companies. The Firm’s most common exit type is trade sale (75%). Prophet Equity’s largest (disclosed) exit occurred in 2017 when it sold Acton Mobile Industries for $235M.

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M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity18
    • M&A Sell Activity4
  • Total Sectors Invested 12
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

Prophet Equity

1460 Main Street, Suite 200,
Southlake, Texas 76092
United States
(817) 898-1500
www.prophetequity.com
rgatlin@prophetequity.com

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Construction, Consumer Products, Consumer Services, Defense, Distribution, Electronics, Energy Services and Equipment, Environmental, Financial Services, Healthcare Services, Infrastructure, Machinery, Manufacturing, Metals/Mining, Oil/Gas Exploration, Renewable Energy, Safety/Security, Software, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Recapitalization, Special Situations/Distressed, Secondary Buyout, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - 500
Target EBITDA - -
Investment Size 5 50
Enterprise Value 10 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 14 2 1 - - 1 18
vol $16M $55M $71M
Sell (0.6/yr) # 1 - 1 1 - 1 4
vol $235M $88M $323M
  22

Most Recent M&A

Company Date Value Type
Allegiance Crane & Equipment LLC 2020-01-15 - Unknown
Houston, Texas · www.allegiancecrane.com
Hills Machinery Co. 2020-01-09 - Growth Capital
Columbia, South Carolina · www.hillsmachinery.com
CID Resources, Inc. 2018-05-03 88M USD Add-on Acquisition
Dallas, Texas · www.winkscrubs.com
Acton Mobile Industries LLC 2017-12-12 235M USD Add-on Acquisition
Baltimore, Maryland · www.actonmobile.com
Derby Fabricating Solutions LLC 2017-04-10 - Secondary Buyout
Louisville, Kentucky · www.derbyfab.com
Groff Tractor & Equipment, Inc. 2016-04-06 - Growth Capital
Mechanicsburg, Pennsylvania · www.grofftractor.com
Total Plastics, Int'l 2016-03-15 55M USD Divestiture
Kalamazoo, Michigan · www.totalplastics.com
Brown Brothers Asphalt & Concrete, Inc. 2015-08-07 - Buyout (LBO, MBO, MBI)
Centennial, Colorado · www.brownbrosasphaltconcrete.com
Acton Mobile Industries LLC 2014-08-26 - Secondary Buyout
Baltimore, Maryland · www.actonmobile.com
Keywell Metals LLC 2013-12-13 - Special Situations/Distressed
Matthews, North Carolina · www.keywell.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Total Plastics, Int'l 2016-03-15 Northeast Plastic Supply Co. 2016-05-12 1
Kalamazoo, Michigan · www.totalplastics.com Philadelphia, Pennsylvania · www.northeastplastic.net

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (9%) - 3 (17%) -
Manufacturing 3 (27%) - 3 (17%) -
Apparel/Textiles - - 2 (11%) -
Construction 2 (18%) - 2 (11%) -
Distribution 1 (9%) 55M (100%) 1 (6%) 55M (77%)
Electronics - - 1 (6%) 16M (23%)
Building Materials 1 (9%) - 1 (6%) -
Energy Services and Equipment - - 1 (6%) -
Machinery 1 (9%) - 1 (6%) -
Metals/Mining 1 (9%) - 1 (6%) -
Oil/Gas Exploration 1 (9%) - 1 (6%) -
Safety/Security - - 1 (6%) -
Total 11 $55M 18 $71M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (100%) 55M (100%) 18 (100%) 71M (100%)
  Texas 1 (9%) - 4 (22%) -
  North Carolina 1 (9%) - 3 (17%) -
  Michigan 2 (18%) 55M (100%) 2 (11%) 55M (77%)
  Pennsylvania 1 (9%) - 2 (11%) 16M (23%)
  Louisiana 1 (9%) - 1 (6%) -
  Kentucky 1 (9%) - 1 (6%) -
  Colorado 1 (9%) - 1 (6%) -
  Arizona 1 (9%) - 1 (6%) -
  Tennessee 1 (9%) - 1 (6%) -
  South Carolina 1 (9%) - 1 (6%) -
  Maryland - - 1 (6%) -
Total 11 $55M 18 $71M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (36%) - 9 (50%) -
Divestiture 2 (18%) 55M (100%) 3 (17%) 71M (100%)
Growth Capital 2 (18%) - 2 (11%) -
Secondary Buyout 1 (9%) - 2 (11%) -
Recapitalization 1 (9%) - 1 (6%) -
Special Situations/Distressed 1 (9%) - 1 (6%) -
Total 11 $55M 18 $71M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (50%) 323M (100%)
Trade Sale 1 (25%) -
Unknown 1 (25%) -
Total 4 $323M

Top M&A Advisors

Legal Deals
Jackson Walker LLP
1

Deal Values

buy # Total
< $100M 2 $71M
TOTAL $71M
Largest Total Plastics, Int'l
$55M (2016-03-15)
sell # Total
$100M to $1B 1 $235M
< $100M 1 $88M
TOTAL $323M
Largest Acton Mobile Industries LLC
$235M (2017-12-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%
Exited to
Strategic(s)
100%
3 100%

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