December 15, 2011
Prophet Equity Named Turnaround Private Equity Firm of the Year at 2011 Turnaround Atlas Awards Gala
December 15, 2011- Prophet Equity was honored to receive two awards at this year’s Turnaround Atlas Awards Gala held this year at the Westin Michigan Avenue Hotel in Chicago, IL. Prophet Equity won Turnaround Private Equity Firm of the Year and Special Situations M&A Deal of the Year Small Mid-Markets for its investment in WM Coffman Resources, LLC.
“We are extremely honored to have received both of these Turnaround Atlas Awards,” said Ross Gatlin, CEO & Managing Partner. “These awards affirm the power of our uniquely hands on, holistic value creation approach, in driving full potential with our investment partners. Our success as a firm overall, and with the WM Coffman Resources transaction, is a result of our team’s ability to deploy strategic, operational and financial engineering toolkits over the life of each investment to enhance liquidity, profitability and overall strategic position.”
Prophet Equity is proud to share this Special Situation Deal of the Year award with SSG Capital Advisors, Phoenix Management Services and multiple advisors who partnered with us to facilitate the restructuring and close the sale of the business in an expedited time frame. “The swift completion of this transaction could not have happened without the support of SSG, Phoenix, our advisors and the company’s management team and employees. Their efforts are a big driver of our success and we are very grateful,” said Gatlin.
The Turnaround Atlas Awards recognize excellence in assignments and deals completed from the restructuring, reorganization, and turnaround communities worldwide. They are part of the M&A Atlas Awards global brand. Winners were selected from list of finalist based on “performance” criteria determined by an independent awards advisory group. Firm and deal team awards were logically determined from group of top ranked deals among additional attributes and deals must have been closed in the time frame from February 2010 to February 2011.
About Prophet Equity LP
Prophet Equity LP is a private equity firm that uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation. Portfolio company management teams are highly motivated with clear, uncapped incentives based on realized business performance.
Over the last decade alone, Prophet Equity’s Principals have invested and managed approximately $400 million of control equity in over 30 entities with over $6 billion in revenue. Their control equity investments focus on lower and middle market companies with strategically strong businesses and significant value creation potential, such as those found in partnerships, corporate carveouts, divestitures and non-strategic businesses of larger companies. Representative business situations include special situations, succession planning, recapitalizations, reorganizations, turnarounds, acquisitions, mergers and bankruptcies. For more information, please visit www.prophetequity.com or call us at +1.817.898.1500.