Project Description

Messenger

Prairie Capital Fund V

Location Auburn, IN
Transaction Type Growth Buyout with Management
Investment Date June 2010
Exit Date September 2015
Buyer Orchard Holdings
Business

Leading manufacturer and distributor of specialty stationery and related products to approximately 10,000 of the estimated 20,000 total funeral homes located across the U.S.

Industry Business Services, Consumer

Investment Rationale

  • U.S. mortality rates underpinned steady primary demand and were projected to increase as the population aged
  • Experienced management team that had achieved success despite underinvestment from a troubled parent company
  • Opportunity to create value through growth investment
  • Market leader with the largest and most entrenched sales force in the industry

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Infrastructure
  • New Products
  • Supply Chain
  • Add-on Acquisitions

The biggest advantage in working with Prairie Capital was their willingness to invest in our company to get us to the next level, both in time to establish a business strategy for growing sales and in financial resources for equipment and people.

They were easy to do business with – taking the time to understand our business and our industry while allowing management to run the business. They were also receptive to additional investments in the company when opportunities arose.

Kevin Keane, President