Project Description

Pyott-Boone Electronics

Prairie Capital Fund V

Location North Tazewell, VA
Transaction Type Growth Buyout with Management
Investment Date April 2011
Exit Date October 2014
Buyer Co-Investors

Developer, manufacturer, and marketer of an extensive line of technology-enabled communication, tracking and monitoring products for mining and tunneling

Industry Industrial, Business Services

Investment Rationale

  • Increasing safety standards and need for productivity gains drives primary demand growth for PBE’s products
  • Partnered with mining focused co-investors and backable CEO who could help build international distribution and professionalize the Company
  • Opportunity to create value through growth investments
  • Substantial installed base provided high barriers and profitable recurring revenue

Value Add

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