Investment Summary

Prophet Equity Invests In Hills Machinery

On January 9, 2020, private equity firm Prophet Equity invested in machinery company Hills Machinery

Investment Highlights
  • This is Prophet Equity’s 1st transaction in the Machinery sector.
  • This is Prophet Equity’s 18th transaction in the United States.
  • This is Prophet Equity’s 1st transaction in South Carolina.

Investment Summary
Date 2020-01-09
Target Hills Machinery
Sector Machinery
Investor(s) Prophet Equity
Deal Type Growth Capital

Target

Hills Machinery

Columbia, South Carolina, United States
Hills Machinery is a heavy equipment specialist serving a broad range of construction and recycling end-markets with an extremely flexible mix of parts, service, rentals, and sales. Hills has 7 locations that serve North and South Carolina as well as parts of Georgia, Tennessee, and Virginia with excellent OEM partnerships that include CASE Construction, Terex Trucks, Edge Innovate, Rubble master, Eagle Crushers, Mauldin, and Ecoverse. Hills Machinery is based in Columbia, South Carolina.

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Investor(S) 1

Investor

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 18 of 18
Sector (Machinery) 1 of 1
Type (Growth Capital) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 18 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 CID Resources

Dallas, Texas, United States

CID Resources, Inc. is a provider of branded medical uniforms. CID has built its WonderWink brand into one of the leading retail scrub brands. WonderWink and its sub-brands, WonderWink Origins, WonderWink Layers, WonderWink Four-Stretch, WonderFLEX, WonderWORK, WonderWink HP, WonderWink NEXT, WonderTECH and W123, represent a diverse and innovative retail offering, providing style, fit, and features for every medical professional.

Sell $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Allegiance Crane & Equipment

Houston, Texas, United States

Allegiance Crane is a crane and rigging company that engages in the rental of lift equipment, including hydraulic truck cranes, rough terrain cranes, crawler cranes, tower cranes, conventional truck cranes, boom trucks and carry decks.

Sell -
Mergr

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