April 6, 2016- MECHANICSBURG, PA – Prophet Equity II LP announced today that it has partnered with Mike Savastio and Jim Price, the President and CFO of Groff Tractor & Equipment (“Groff” or the “Company”), to make an equity investment to acquire a controlling interest in Groff. Headquartered in Pennsylvania with 11 locations that serve … Read more
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 … Read more
April 17, 2015 – Baltimore, MD and Southlake, TX – Acton Mobile (www.ActonMobile.com), a portfolio company of Prophet Equity, announced today that it has entered into a definitive agreement to acquire the mobile office fleet of Mobile Mini. The transaction is expected to close in mid-May. “Mobile Mini has one of the highest quality mobile … Read more
Southlake, TX, January 16, 2015: Keywell Metals LLC announced today that it is nearing completion on four (4) separate facility upgrades totaling more than $15 Million that will cement its position as the most up-to-date and efficient ISO 9001 certified processing company in the Aerospace & Specialty Steel Recycling Industry. According to Ross Gatlin, CEO … Read more
By Steve Gelsi Prophet Equity plans to ramp up growth at Acton Mobile, a provider of office trailers and construction storage, after paying an undisclosed sum to acquire the company in its first investment from its new, $345 million Prophet Equity II LP fund. CHS Capital, a firm now in wind-down mode, was the seller … Read more
Southlake, TX and Baltimore, MD Acton Mobile (“Acton”) announced today that it has been acquired by Prophet Equity II LP, a lower and middle market focused private equity firm headquartered in Southlake, TX. Charles Collie, Senior Executive Director of Prophet Equity, said, “We are excited about the opportunity to partner with Acton Mobile’s talented executive … Read more
Prophet Equity formally announced the successful closing of Fund II with $345M of commitments, as of May 30th, at its hard cap, with only 5 months in the market. “We are very pleased to have had such broad domestic and international institutional support across academic endowments, banks, pension plans, fund of funds and family offices”, … Read more
Title: Analyst/Senior Analyst Location: Southlake, Texas Responsibilities: • Assist in the sourcing and evaluation of new investment opportunities • Conduct financial and business (e.g. industry analysis, competitive position, growth prospects) diligence for prospective platform and portfolio company add-on acquisition opportunities • Develop dynamic and integrated financial statement/cash flow models and perform ad hoc forecasting and … Read more
07 April 2014 | By David Toll Prophet Equity, a Southlake, Texas-based buyout shop that specializes in lighting a fire underneath under-performers, has buttoned up $255.6 million in a first close of its second lower-mid-market fund. The firm, which debuted with a vintage 2008 fund of $271 million, launched the successor around the start of … Read more