Prophet Equity announces the sale of WM Coffman Resources LLC

Prophet Equity (“Prophet”), a Southlake, TX-based private equity firm, announced the successful sale of WM Coffman Resources LLC (“Coffman” or the “Company”), a market leader in the residential stair parts distribution industry.

Prophet established the Coffman platform through the acquisition of select assets of P&F Industries (NASDAQ: PFIN) via an Article 9 transaction.  Coffman’s footprint and scale were bolstered through the subsequent add-on acquisition of Staircrafter’s Supply LLC.  Through installment of an experienced leadership team and optimization of supply chain and sourcing strategies in the face of global market volatility, Coffman greatly expanded its size and scale, resulting in increased EBITDA by more than 3.5x over the past three years while adding over 300 new customers in the same period.

Ross Gatlin, Managing Partner at Prophet Equity, said, “It was rewarding to see the growth and improvement at Coffman through the hard work of the  management team and Prophet. We enjoyed working with the team at Coffman and achieving tremendous success in the last couple of years through a strengthened market position, improved margin profile, and robust pipeline of new customers. We wish them the very best in their next phase of growth.”

Genesis Capital served as exclusive financial advisor and Jackson Walker as legal counsel to Coffman and Prophet Equity.