Prophet Equity Augments Team and Adds Capital for Acquisitions
Southlake, TX – – July 27, 2009 – Prophet Equity LP, a private equity firm that makes control equity investments in strategically strong, asset-intensive, underperforming companies in the lower and middle market, announced today that it has expanded its team focused on sourcing, structuring, and closing transactions and continued to add capital to its fund.
Ross Gatlin, CEO and Managing Partner commented, “Prophet Equity is continuing to see a surge in transaction opportunities that fit our investment sweet spot, namely strategically viable businesses that are in need of capital and operational know-how where partnering to revive cash flow is a priority for both old and new money on the balance sheet.”
In the last six weeks, Prophet has also added a new full-time professional to its roster, Charles Collie, to provide additional bandwidth for transaction support. As an Executive Director, Charles Collie brings decades of asset based lending and transaction experience with firms like PNC Business Credit, National City, and National Bank of Canada. “Charles’ relationships and deep knowledge of the Asset Based Lending world help us strengthen our ability to creatively source and structure deals in this unique macroeconomic and regulatory environment”, commented Ross Gatlin.
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