M&A Deal Summary

Prophet Equity Acquires Cummings Signs

On May 10, 2011, private equity firm Prophet Equity acquired manufacturer Cummings Signs

Acquisition Highlights
  • This is Prophet Equity’s 1st transaction in the Manufacturing sector.
  • This is Prophet Equity’s 8th transaction in the United States.
  • This is Prophet Equity’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2011-05-10
Target Cummings Signs
Sector Manufacturing
Buyer(s) Prophet Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Cummings Signs

Nashville, Tennessee, United States
Cummings Signs is a national signage provider specializing in design, manufacturing, and national roll-outs of new exterior & interior sign products. Cummings Signs was founded in 1946 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 8 of 18
Sector (Manufacturing) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 9
State (Tennessee) 1 of 1
Country (United States) 8 of 18
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Ace Asphalt of Arizona

Phoenix, Arizona, United States

Ace Asphalt of Arizona, Inc. provides parking lot engineering, construction, and maintenance services to commercial, industrial, and institutional real estate owners and property managers. The Company’s services are provided through two operating departments: maintenance and engineering/construction. Ace Asphalt was established in 1966 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-15 FDF Energy Services

Crowley, Louisiana, United States

FDF Energy Services is a fracturing materials logistics company in the U.S. Additional service lines include the rental of certain oilfield equipment such as tanks and hoses as well as the provision of cleaning services. FDF Energy Services was founded in 1977 and is based in Crowley, Louisiana.

Buy -
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