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August 26, 2015


Prophet Equity II LP Announces Acquisition of Brown Brothers Asphalt and Concrete

Southlake, TX - August 7, 2015

Prophet Equity II LP announced today that it has acquired Brown Brothers Asphalt and Concrete ("Brown Brothers" or the "Company"), a leading provider of asphalt and concrete maintenance and new construction serving the Denver, Colorado, metro market. Under the terms of the transaction, former majority owners Dennis Brown and Paul Brown will maintain significant leadership roles and ownership of the Company going forward.

Dennis Brown, co-founder and Vice President of Brown Brothers, commented, "With their operational and investment experience in the asphalt and concrete maintenance space, Prophet Equity represented the ideal partner for me and my brother, Paul. We are excited to work alongside the Prophet Equity team to take Brown Brothers to the next level."

Ross Gatlin, Prophet Equity's CEO and Managing Partner, noted that "the Brown Brothers transaction is a great example of our system identifying strategically viable, market share leaders in attractive, growing markets. We look forward to partnering with Brown Brothers and its over 250 loyal employees as we deploy our operational toolkit and support the Company's continued expansion."

"Over the past 20 years, Dennis and Paul have built an unparalleled presence in Denver," commented Prophet Equity Managing Director, Ben Eakes. "We see tremendous opportunity to continue to grow BBAC's core maintenance business, introduce new service lines, and expand geographically across the attractive Colorado Front Range."

About Brown Brothers Asphalt and Concrete

Founded in 1996 and headquartered in Denver, CO, Brown Brothers Asphalt & Concrete is a market-leading provider of asphalt and concrete maintenance and new construction, as well as snow removal, to a diverse base of repeat customers in the real estate development, property management, and construction industries operating in the attractive Colorado market. www.asphaltconcrete.net

About Prophet Equity

Prophet Equity 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 sixteen years, Prophet Equity's Principals have invested and managed over $2.5 billion of value creation across entities with over $4 billion in revenue. Our control equity investments focus on strategically strong, lower and middle market businesses with significant value creation potential. These are typically found in partnerships, corporate carve-outs, divestitures and non-strategic business units 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.

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