Project Description

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

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

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.

Bill Morgenstern, CEO