M&A Deal Summary

Prophet Equity and Chief Acquire Tafford Uniforms

On August 1, 2012, private equity firm Prophet Equity and Chief acquired apparel/textiles company Tafford Uniforms

Acquisition Highlights
  • This is Prophet Equity’s 2nd and Chief’s 1st transaction in the Apparel/Textiles sector.
  • This is Prophet Equity’s 10th and Chief’s 1st transaction in the United States.
  • This is Prophet Equity’s 2nd and Chief’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-08-01
Target Tafford Uniforms
Sector Apparel/Textiles
Buyer(s) Prophet Equity
Chief
Deal Type Buyout (LBO, MBO, MBI)

Target

Tafford Uniforms

Charlotte, North Carolina, United States
Tafford is a leading retailer of third-party and Tafford-branded medical uniforms and accessories. Tafford markets and sells to over 400,000 customers in the U.S. and Canada.

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Buyer(S) 2

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 10 of 18
Sector: Apparel/Textiles M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 9
State: North Carolina M&A 2 of 3
Country: United States M&A 10 of 18
Year: 2012 M&A 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Altec Lansing Technologies

Milford, Pennsylvania, United States

Altec Lansing Technologies, Inc. designs, manufactures and markets digital powered audio systems, speakers and stereo headphones for use with computers and portable audio devices.

Sell -
Buyer

Chief

Charlotte, North Carolina, United States

Category Company
Founded 1977
Sector Safety/Security
DESCRIPTION

Chief Supply is a direct marketer and distributor of public safety equipment for small and medium sized police, fire, EMS and survey departments throughout the United States. Law Enforcement Supply is a leading distributor and installer of police supplies and vehicle equipment for police departments in the Southeast. The companies are headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1