Exited Investment
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 |
| Business | 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
TEAM:
The team at Prairie understands that things don’t always go according to plan. They proved to be thoughtful, flexible, and supportive partners to management.