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  6. Prairie Capital Acquires Upshop

M&A Deal Summary

Prairie Capital Acquires Upshop

On November 17, 2020, private equity firm Prairie Capital acquired information technology company Upshop from Silver Field Capital

Acquisition Highlights
  • This is Prairie Capital’s 2nd transaction in the Information Technology sector.
  • This is Prairie Capital’s 68th transaction in the United States.
  • This is Prairie Capital’s 5th transaction in Florida.
Investment Fate
  • Upshop was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2020-11-17
Target Upshop
Sector Information Technology
Buyer(s) Prairie Capital
Sellers(s) Silver Field Capital
Deal Type Recapitalization

Target

Upshop

Tampa, Florida, United States
Upshop is a provider of a Software as a Service (SaaS) platform designed to streamline forecasting, ordering, production, and inventory optimization processes for food retailers. The unified platform simplifies and enhances associate tasks, fostering smarter and more interconnected operations across fresh, center-aisle, direct store delivery, and eCommerce departments. Upshop was founded in 1989 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

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 69 of 78
Sector (Information Technology) 2 of 4
Type (Recapitalization) 19 of 25
State (Florida) 5 of 7
Country (United States) 68 of 76
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Industrial Water Treatment Solutions

Harvey, Illinois, United States

Industrial Water Treatment Solutions Corp. is a manufacturer and distributor of proprietary and innovative chemical products for the industrial water services market. Industrial Water Treatment Solutions was established in 2012 and is based in Harvey, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Sgt. Clean s Car Wash

Uniontown, Ohio, United States

Sgt. Clean's Car Wash is a provider of quality car wash and superior customer service while serving as positive role models in our communities. The company's services include unlimited car washes, free vacuums, and express exterior. Sgt. Clean's Car Wash was formed in 2013 and is based in Uniontown, Ohio.

Buy -

Seller(S) 1

SELLER

Silver Field Capital

Category Search Fund
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Recapitalization) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Upshop

Tampa, Florida, United States

Upshop is a provider of a Software as a Service (SaaS) platform designed to streamline forecasting, ordering, production, and inventory optimization processes for food retailers. The unified platform simplifies and enhances associate tasks, fostering smarter and more interconnected operations across fresh, center-aisle, direct store delivery, and eCommerce departments. Upshop was founded in 1989 and is based in Tampa, Florida.

Buy -
Mergr

Product

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