Exited Investment
DRB Systems
Prairie Capital Fund V
Location | Akron, OH |
Transaction Type | Growth Buyout with Founder and Management |
Investment Date | March 2014 |
Exit Date | October 2017 |
Buyer | New Mountain Capital |
Business | Leading provider of technology-enabled devices and software solutions to the car wash industry |
Industry | Business Services, Technology |
Investment Rationale
- Partnership with founders and management team
- Car wash industry undergoing transformation driving rapid growth
- Market leader whose advanced automation solutions present a compelling ROI case for customers
- Ability to increase Company’s addressable market through sales and marketing investments, new products and other verticals within car wash industry
Value Add
- Human Capital
- Sales & Marketing
- Infrastructure
- New Products
- Supply Chain
- Add-on Acquisitions
TEAM:
I had witnessed firsthand Prairie truly wanted to partner with management in growing the business by making significant strategic investments in people and infrastructure. Growing companies facing change need a PE firm willing to walk alongside management and make continued investments as needed. Prairie showed integrity and courage to honor their commitment to do just that.
The people I worked with at Prairie were transparent, operated with integrity, and were valuable mentors to myself and the team.