Ross Gatlin

As Managing Partner of Prophet Equity, Mr. Gatlin is focused on identifying, making, managing and realizing a portfolio of investments in strategically viable, asset intensive, middle market companies where there are significant value creation opportunities and maintaining key financial and banking relationships in order to maximize portfolio companies’ financial returns. He is also focused on driving increases in equity value by optimizing portfolio and business unit strategy while being responsible for day-to-day operations of the partnership and relations with the limited partners. He is a member of the Office of Change Management of each investment.

Mr. Gatlin has 20 years of private equity investment experience having been a founding partner and principal of three successful private equity firms and funds focused in this specific investment segment. He has experience across every element of the private equity value chain having led the sourcing, structuring, closing, managing and realization of top tier returns for investment partners. His track record over the last twenty years includes over $650 million dollars of control private equity investments spanning approximately 75 corporate entities with over $6.0 billion in combined revenue. These investments have generated value of ~$2.45B for investors thus far, the vast majority of which has been fully realized. The Internal Rate of Return for these investments defines the very top of the private equity industry standard.

Prior to founding Prophet Equity, Mr. Gatlin was a Founding Partner and Principal of a Southlake-based private equity firm. As a Founding Partner, Chief Restructuring Officer and Managing Director, Mr. Gatlin was responsible for sourcing, structuring and closing high return investments and driving value creation post close. In this capacity, he helped build a portfolio of companies investing approximately $100M of capital yielding +$770M in value. Mr. Gatlin served as a member of the Office of Change Management of each Portfolio Company as well as sometimes taking on the operating roles of Chief Restructuring Officer and/or Chief Financial Officer at each company. In addition, Mr. Gatlin continues to serve as a member of the Board of Directors of each of the investments he participated in. Prior to this experience, Ross was a founding principal of Carlyle Management Group in Dallas, Texas where he also helped build and manage $176M of invested capital yielding +$900M of value. Prior to Carlyle, Mr. Gatlin worked as a senior manager at Bain & Company, helping develop and successfully implement strategic and operational turnarounds primarily for well known Fortune 500 companies and their subsidiaries.

Prior to Bain, Mr. Gatlin served as a financial restructuring advisor and investment banker at Houlihan Lokey Howard & Zukin. At Houlihan Lokey, Mr. Gatlin worked across a myriad of industries as an advisor to Creditors, Debtors and Equity holders in devising and implementing in-court and out-of-court sales, reorganizations and exchange offers as well as corporate finance activities such as debt and equity capital raising, valuations, mergers and acquisitions.

Mr. Gatlin has extensive corporate finance, principal investing, strategy, and business management experience across multiple industries including: aerospace, airline, automotive, business and consumer services, cable, computer hardware and software, consumer products, defense, distribution, equipment, energy, food, healthcare, manufacturing, medical device, pharmaceutical, real estate, satellite, ship repair, staffing, steel, synthetic turf, tanker trailer, transportation and telecommunications sectors. His experience ranges across the value chain and includes some of the most successful companies in the world as well as underperforming and distressed turnaround situations where significant value was also created. Mr. Gatlin’s work includes mergers and post-merger integration, acquisitions, acquisition financing, recapitalizations, work outs, turnarounds, financial restructurings, exchange offers, due diligence, business valuations, detailed financial modeling and the design and valuation of complex securities. His experience also includes corporate and business unit strategy development, full potential cash creation planning and implementation, new product development, marketing and brand strategy, dealer and distribution optimization, process reengineering, complexity management, cost reduction, plant consolidation, headcount reduction and procurement optimization projects to name a few.

Ross has been a frequent speaker at private equity related conferences on subjects such as Turnaround Investing, Driving Value Creation, The 363 Sale Process, Distressed Investing, Holistic Value Creation™ (HVC™) and other related topics. He holds an MBA from the Kellogg School of Management at Northwestern University where he was one of only two in his class to receive both the Dean’s Distinguished Service Award and Beta Gamma Sigma honors. He earned his BBA from the University of Texas at Austin with a concentration in finance.

Charles Collie

As Managing Director, Mr. Collie brings decades of proven deal origination, structuring, financing and closing experience to Prophet Equity.  Having worked with a Founding Principal as a lender in multiple prior transactions, he came to Prophet Equity as a proven member of the core team.  He is also a leader in the
implementation of value creation plan initiatives post close, add-on investments and exit strategies. He serves on the Board of Directors and in the Office of Change Management for Derby Fabricating Solutions, Groff Tractor & Equipment, Interstate Waste Services, Hills Machinery, Cummings Resources, FDF Energy Services, and Hatch Stamping Company.

Mr. Collie has over 25 years of experience as a top financial executive with commercial and asset based lending operations, having been in senior management positions with a number of well known financial institutions.  He has a proven track record of success in managing and building teams that have generated and funded financing opportunities in the middle market space consistently well in excess of budget.  His leadership skills were also utilized when he helped run a family owned business for five years.

As SVP, Southwest Region Manager for PNC Business Credit, Mr. Collie managed a team that grew the region from the fifth largest of seven to the second largest, in terms of new loan commitments and loans outstanding, closing 85 transactions in a five year period.  As Group Vice President of National Bank of Canada, he managed six offices in the Western U.S. overseeing new business and portfolio management.

Mr. Collie brings a wealth of contacts from around the country to Prophet Equity that include financial restructuring groups, workout groups within asset based lending operations, boutique investment banks and direct access to companies that he has helped finance in the past.  He holds a BA from Rhodes College, having graduated Phi Beta Kappa.

David Rex

As Managing Director and General Counsel, David Rex is responsible for the management of all legal matters for Prophet Equity’s fund operations and investments. Prior to joining Prophet Equity, Mr. Rex was a partner at Jackson Walker where he focused on mergers, acquisitions, divestitures and related financings, including as counsel to private equity and venture capital funds. He also assisted entrepreneurs and emerging growth companies from formation to exit, with an emphasis on venture capital and general corporate finance, strategic alliances and joint ventures. During his career, Mr. Rex has completed over 320 transactions with approximately $9 billion in transaction value. He also has a diverse background in domestic and international corporate, securities, finance, banking, and related tax law matters, both as in-house counsel for two merchant banking groups and in private practice.

Mr. Rex is a member of the State Bar of Texas and the Oklahoma Bar Association. He is past Chairman of the Mergers and Acquisitions Committee and the Venture Capital Committee, and past Vice-Chairman of the Securities Committee, of the Business Law Section of the State Bar of Texas, and has also served on the Board of Directors of the Texas Business Law Foundation. Mr. Rex previously served as the Texas liaison to the National Venture Capital Association’s Model Forms Project. He is a member of the Committee on Mergers and Acquisitions of the Business Law Section of the American Bar Association (Private Equity M&A and M&A Market Trends Subcommittees, Judicial Interpretations Working Group, Acquisition of Public Companies, Joint Venture, M&A Dictionary, Model Tender Offer Agreement and International Acquisition Transactions Task Forces). Mr. Rex regularly speaks on legal and business issues related to venture capital, private equity and other alternatives for financing businesses, intellectual property, unfair advantage and ethical issues in venture capital and private equity transactions.

Mr. Rex is rated AV Preeminent (5.0 out of 5.0) by Martindale-Hubbell Peer Review Ratings. Mr. Rex has been named a Texas Super Lawyer by Thomson Reuters in prior years and is the 2015 recipient of The General Counsel Forum’s Magna Stella Award for Solo General Counsel.  Mr. Rex previously served as a member of the Board of Directors of BioDFW (now the Health Industry Council of North Texas), an organization committed to creating an environment of regional collaboration, innovation, excellence and inspiration for the North Texas life sciences community. Mr. Rex also previously served on the Community Advisor Board for LauchAbility, now known as My Possibilities, a charitable organization with the mission of helping children and adults with developmental disabilities achieve their maximum potential.

Mr. Rex received his LL.M. in Taxation from the University of Miami School of Law, his J.D. from the University of Oklahoma College of Law and his B.B.A. in Accounting from the University of Oklahoma. Mr. Rex is also a certified public accountant and an Eagle Scout.

Donna Raine

As Managing Director at Prophet Equity, Ms. Raine is responsible for sourcing,  structuring, closing and managing acquisitions with significant value creation potential to  successful realizations. In addition, she works closely with management and the Office of  Change Management to craft and implement high value initiatives at portfolio companies. She currently serves in the Office of Change Management of  Keywell Metals, as President and CFO,  and FDF Energy Services, as President, helping to optimize operations, capital structure and growth initiatives.

Ms. Raine has over 25 years in financial and operational leadership for middle-market companies across multiple industries. Most recently, Ms. Raine helped lead the successful turnaround and sale of Allegiance Crane & Equipment as Interim Chief Restructuring Officer and Chief Financial Officer. She previously served as Interim CFO and Turnaround professional of several privately held companies, including Healthcare Laundry Systems and Airwalk International and her prior experience includes public accounting and appointment as Accountant to U.S. Bankruptcy Trustees.  Ms. Raine is a licensed CPA and Certified Insolvency and Restructuring Advisor (CIRA).

Ms. Raine has a B.S. in Accountancy from the University of Illinois at Urbana-Champaign

Charlie Velie

As a Vice President at Prophet Equity, Mr. Velie responsible for sourcing, structuring, closing and managing acquisitions with significant value creation potential to successful realization.  He focuses on critical market and industry level research, financial analysis, and other analysis to support the evaluation of new portfolio companies and implementation of high value operational initiatives and supports the Office of Change Management for Hills Machinery, Interstate Waste Services, Derby Fabricating and Hatch Stamping.

Prior to joining Prophet Equity, Mr. Velie was an Investment Banking Analyst with J.P. Morgan Chase in New York, focusing on financing and merger and acquisition transactions for the firm’s mid-cap and family office clients.  Prior to this, he was in J.P. Morgan Chase’s Dallas office focusing on capital advisory and private banking.

Mr. Velie graduated from the Southern Methodist University, Cox School of Business with a Bachelor of Business Administration in Finance.

Jeffrey Behrens

As a key member of the Operations Excellence team at Prophet Equity, Mr. Behrens is responsible for structuring and managing acquisitions with significant value creation potential to successful realizations. He works closely with management and the Office of Change Management to craft and implement high value initiatives at portfolio companies. He currently serves in the Office of Change Management of  Keywell Metals, as Chief Financial Officer,  and FDF Energy Services LLC,  helping to optimize operations, capital structure and growth initiatives.

Mr. Behrens has over 15 years in financial and transaction experience. Most recently, Mr. Behrens was Vice President at Cognient Advisors, where he was responsible for the execution of a wide range of investment banking, valuation and financial advisory engagements.  Prior to this, he spent time with Pendo Advisors and Duff & Phelps working on a variety of ESOP transactions, mergers and acquisitions and private business valuations.  He also spent time at the Index Futures Group, assisting in the launch of the hedge fund platform consisting of fund-of-fund investments targeted for high net worth individuals.

Mr. Behrens graduated with highest honors with a B.S. in Finance from the University of Illinois at Urbana-Champaign

Seth Slover

As a Senior Associate at Prophet Equity, Mr. Slover is responsible for sourcing, structuring, closing and managing acquisitions with significant value creation potential to successful realization.  He focuses on critical market and industry level research, financial analysis, other analysis to support the evaluation of new portfolio companies and implementation of high value operational initiatives and supports the Office of Change Management for Groff Tractor & Equipment,  Hills Machinery,  WM Coffman, FDF Energy Services, and Cummings Resources.

Prior to joining Prophet Equity, Mr. Slover was an Investment Banking Analyst with Raymond James & Associates.  While at Raymond James, he worked on a variety of sell-side advisory transactions primarily across the energy and oil & gas industries.

Mr. Slover graduated from the University of Texas at Austin with a Bachelor of Business Administration in Finance.

Josh John

As an Associate at Prophet Equity, Mr. John is responsible for sourcing, screening and structuring new acquisitions, as well as managing existing acquisitions with significant value creation potential to successful realization. He is also responsible for supporting the team across multiple disciplines, including financial modeling, financial structuring, creditor negotiations and analysis, strategic screening, customer research, business analysis, value creation planning and implementation activities. He focuses on critical market and industry level research, financial analysis, and other analysis to support the evaluation of new portfolio companies and implementation of high value operational initiatives.  Mr. John is a member of the Office of Change Management of Silo Mills, Keywell Metals, Francis Drilling Fluids and Cummings Resources.

Prior to joining Prophet Equity, Mr. John was a Management Consulting Analyst with Alvarez & Marsal.  While at Alvarez & Marsal, he worked on a variety of initiatives for companies including M&A support, financial analysis, and cost and profitability optimization.

Mr. John graduated from Texas A&M University with a B.B.A. in Finance.

Sarah Adamcik

Ms. Adamcik manages the Fund accounting and bookkeeping along with a wide range of federal,state, and international tax accounting and filings. These activities are critical for the Fund, its investors and for portfolio company compliance purposes. She also produces and coordinates quarterly and annual audited financial statements.

Ms. Adamcik comes from an extensive background in financial analysis and operations, with a strong emphasis in investment account management. She began her career at Fidelity Investments trading and managing a diverse set of financial instruments including derivatives, bonds, equities, and currencies. While at Fidelity, she was active in business process engineering and software development life cycle, including analysis, design, development, testing and implementation of software applications.

Ms. Adamcik continued to develop her portfolio management skills as a consultant for Liberty Financial Group where she developed and monitored investment processes and back office infrastructure to support and streamline deal flow. She provided industry research, capital market analysis for clients, pitch proposals and marketing materials for soliciting new business and management presentations for investor conferences.

Prior to coming to Prophet Equity, Ms. Adamcik was a controller and management accountant for a commercial construction company in Plano, Texas. As a controller, she was responsible for project financing, asset management, due diligence, risk management, accounting and reporting.

Ms. Adamcik has an MBA from Texas Woman’s University and a BA in Spanish and Business from Texas Tech University.