M&A Deal Summary

Prairie Capital Acquires Blue Alliance

On December 19, 2023, private equity firm Prairie Capital acquired information technology company Blue Alliance

Acquisition Highlights
  • This is Prairie Capital’s 3rd transaction in the Information Technology sector.
  • This is Prairie Capital’s 74th transaction in the United States.
  • This is Prairie Capital’s 5th transaction in Ohio.

M&A Deal Summary
Date 2023-12-19
Target Blue Alliance
Sector Information Technology
Buyer(s) Prairie Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Blue Alliance

Cincinnati, Ohio, United States
Blue Alliance is an operator-led, growth platform that provides outsourced managed IT services to small, medium and enterprise clients in the healthcare, architectural & construction, education and manufacturing industries. Blue Alliance is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor 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 76 of 78
Sector (Information Technology) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 41 of 41
State (Ohio) 5 of 5
Country (United States) 74 of 76
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 Netalytics

Greer, South Carolina, United States

Netalytics is a software development company with a focus on creating solutions for the behavior healthcare industry. Its comprehensive purpose-built solutions provide a wide array of functionality, including managing inventory, controlling dosing, and tracking regulatory compliance. Netalytics is based in Greer, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-17 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.

Sell -
Mergr

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