Prospect Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Prospect Partners has acquired 1 company.

Prospect Partners’ most common sectors for investment arebusiness services (14%) and consumer products (10%) . The Firm’s most common investment types include recapitalization (41%) and buyout (lbo, mbo, mbi) (35%). In total, Prospect Partners has invested in 23 US states.

In the last 3 years, Prospect Partners has exited 5 companies. The Firm’s most common exit type is secondary buyout (35%).

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M&A Summary

  • M&A Total Activity86
    • M&A Buy Activity51
    • M&A Sell Activity35
  • Total Sectors Invested 24
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 1

Prospect Partners, LLC

200 West Madison Street, Suite 2710,
Chicago, Illinois 60606
United States
(312) 782-7400
www.prospect-partners.com
rtuttle@prospect-partners.com

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $10 to $75 million and EBITDA up to $8 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Environmental, Food, Furniture, Healthcare Services, Information Technology, Life Science, Machinery, Manufacturing, Marine, Marketing, Media, Medical Products, Packaging, Plastics, Publishing, Safety/Security, Technology Hardware, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 10 75
Target EBITDA - 8
Investment Size 2 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 48 2 - - - 1 51
Sell (1.6/yr) # 27 3 2 2 - 1 35
  86

Most Recent M&A

Company Date Value Type
Entech Computer Services LLC 2022-11-17 - Recapitalization
Fort Myers, Florida · www.entechus.com
Velocity Aerospace Group 2022-03-15 - Add-on Acquisition
Frisco, Texas · www.velocityaero.com
Cody Pools, Inc. 2020-03-11 - Secondary Buyout
Round Rock, Texas · www.codypools.com
Waste Harmonics LLC 2020-01-13 - Secondary Buyout
Victor, New York · www.wasteharmonics.com
Adventure Ready Brands 2019-02-01 - Recapitalization
Littleton, New Hampshire · www.adventurereadybrands.com
Innovetive Petcare, Inc. 2019-01-09 - Secondary Buyout
Austin, Texas · www.innovetivepetcare.com
Owen Equipment Co. 2018-11-29 - Buyout (LBO, MBO, MBI)
Portland, Oregon · www.owenequipment.com
Prospect Water Co. LLC (Water Co. Holding LLC) 2018-08-07 - Add-on Acquisition
Lombard, Illinois
Minuteman Security Technologies, Inc. 2018-02-01 - Recapitalization
Andover, Massachusetts · www.minutemanst.com
Bland Landscaping Co. Inc. 2018-01-11 - Recapitalization
Apex, North Carolina · www.blandlandscaping.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 2 (15%) - 7 (13%) -
Consumer Products - - 5 (10%) -
Education 1 (8%) - 4 (8%) -
Building Materials 1 (8%) - 3 (6%) -
Food - - 3 (6%) -
Machinery 1 (8%) - 3 (6%) -
Safety/Security 2 (15%) - 3 (6%) -
Apparel/Textiles - - 2 (4%) -
Automotive - - 2 (4%) -
Consumer Services - - 2 (4%) -
Healthcare Services 1 (8%) - 2 (4%) -
Manufacturing - - 2 (4%) -
Packaging - - 2 (4%) -
Plastics 1 (8%) - 2 (4%) -
Aerospace - - 1 (2%) -
Construction 1 (8%) - 1 (2%) -
Distribution - - 1 (2%) -
Electrical Equipment 1 (8%) - 1 (2%) -
Environmental - - 1 (2%) -
Information Technology 1 (8%) - 1 (2%) -
Life Science - - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Technology Hardware 1 (8%) - 1 (2%) -
Total 13 - 52 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) - 52 (100%) -
  Illinois 1 (8%) - 7 (13%) -
  Massachusetts 3 (23%) - 6 (12%) -
  Texas 1 (8%) - 6 (12%) -
  California 2 (15%) - 5 (10%) -
  Minnesota 2 (15%) - 3 (6%) -
  Alabama - - 3 (6%) -
  Florida 2 (15%) - 2 (4%) -
  Wisconsin - - 2 (4%) -
  Washington - - 2 (4%) -
  Pennsylvania - - 2 (4%) -
  Ohio - - 2 (4%) -
  North Carolina 1 (8%) - 1 (2%) -
  Nebraska 1 (8%) - 1 (2%) -
  Arizona - - 1 (2%) -
  Virginia - - 1 (2%) -
  Tennessee - - 1 (2%) -
  Oregon - - 1 (2%) -
  Oklahoma - - 1 (2%) -
  New York - - 1 (2%) -
  New Hampshire - - 1 (2%) -
  Michigan - - 1 (2%) -
  Kansas - - 1 (2%) -
  Colorado - - 1 (2%) -
Total 13 - 52 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 10 (77%) - 21 (40%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 18 (35%) -
Secondary Buyout - - 4 (8%) -
Divestiture - - 3 (6%) -
Growth Capital 1 (8%) - 3 (6%) -
Consolidation 1 (8%) - 2 (4%) -
Acquisition Financing - - 1 (2%) -
Total 13 - 52 -

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (37%) -
Trade Sale 11 (31%) -
Recapitalization 5 (14%) -
Sold to Management 4 (11%) -
Trade Sale - Public Company 1 (3%) -
Unknown 1 (3%) -
Total 35 -

Top M&A Advisors

Financial Deals
Lincoln International
2

M&A Connections

Deals
Acquired from
Investor(s)
10%
5 (10%)
Strategic(s)
4%
2 (4%)
Exited to
Investor(s)
46%
16 (46%)
Strategic(s)
14%
5 (14%)

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