Donna Raine joins Prophet Equity as Principal

Southlake, TX- Prophet Equity (“Prophet”) announces today that Donna Raine has expanded her role, joining the firm as Principal. “Having worked with Donna over the past several years, most recently as Chief Financial Officer of Allegiance Crane & Equipment, which was successfully sold in November of 2019, we have all been impressed with her ability to effectively work with teams and deliver tremendous results. I am thrilled we have the opportunity to continue our successful work together at Prophet and drive even more value creation across our stable of strategically viable platforms and continuing acquisitions”, commented Ross Gatlin, Managing Partner of Prophet.

Donna Raine joins us in this new capacity after her multi-year role successfully delivering tremendous results with our team as both a Chief Restructuring Officer and CFO of Allegiance Crane & Equipment. Ms. Raine brings decades of financial and operational expertise for lower and middle market companies across multiple industries. Donna’s operational and turnaround leadership experience across several privately held companies includes Healthcare Laundry Systems and Airwalk International, as well as, public accounting and appointment as Accountant to U.S. Bankruptcy Trustees. According to Ross Gatlin, “Donna’s unique combination of experience with our portfolio and team, and as a results driven operator of lower and middle market companies, in addition her turnaround background makes her a perfect and proven fit for our unique Holistic Value Creation™ (HVC™) and Prophet Full Potential Value™ (PFPV™) methodologies.”

Ms. Raine spoke about Prophet’s continuing focus on investing in strategically viable lower and middle market businesses and driving fundamental performance improvement as the first and foremost path to favorable returns for investors. “Having spent the majority of my career driving operational results while scaling businesses to enhance enterprise value in lower and middle market companies, Prophet Equity’s unique and solid approach to facilitate and accelerate fundamental value creation makes it a perfect partnership for me. Having recently worked with the team to deliver a very positive outcome, I am excited to continue my role with the existing portfolio, as well as new acquisitions.”