M&A Deal Summary

Prairie Capital Acquires Foss Swim School

On June 1, 2018, private equity firm Prairie Capital acquired consumer services company Foss Swim School

Acquisition Highlights
  • This is Prairie Capital’s 1st transaction in the Consumer Services sector.
  • This is Prairie Capital’s 62nd transaction in the United States.
  • This is Prairie Capital’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2018-06-01
Target Foss Swim School
Sector Consumer Services
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target

Foss Swim School

Eden Prairie, Minnesota, United States
Foss Swim School is a provider of learn-to-swim programs for children of all ages and skill levels. Foss currently operates 14 swim school locations throughout the Minneapolis and Chicago markets. The Company offers year-round swim instruction with over 20,000 students enrolled at any given time, and total annual enrollment approaching 100,000 students. Foss Swim School was established in 1993 and is based in Eden Prairie, Minnesota.

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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 63 of 78
Sector (Consumer Services) 1 of 3
Type (Recapitalization) 16 of 25
State (Minnesota) 2 of 2
Country (United States) 62 of 76
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Family Allergy & Asthma

Louisville, Kentucky, United States

Family Allergy & Asthma is a provider of allergy, asthma, immunology services, and treatment options including exercise challenge and antibiotic testing. Family Allergy currently operates 31 allergy clinics with 33 providers throughout Kentucky, Indiana, and Ohio and serves over 60,000 patients annually. Family Allergy & Asthma was established in 1979 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 National Enzyme

Forsyth, Missouri, United States

National Enzyme Co. is a contract manufacturer of vitamins and supplements and offers its customers end-to-end product management, including ingredients, formulation development, creative packaging, and label design, production and packaging, and laboratory testing. National Enzyme was established in 1932 and is based in Forsyth, Missouri.

Sell -
Mergr

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