Platte River Equity has acquired Profile Products, a maker of products that are used for soil modification, erosion and sediment control, and vegetation establishment.
Profile’s products are designed to minimize soil loss and accelerate seed germination and are used in a variety of applications including private and civil construction, energy, mining, landfill, agriculture, horticulture, sports fields, golf courses, and retail lawn and garden. The company is headquartered in the Chicago suburb of Buffalo Grove, IL (www.profileproducts.com).
“We have worked hard with our distributor partners to become leaders in each of our target markets and were looking for the right partner to help fuel the next chapter in our growth,” said John Schoch, President and CEO, Profile Products. “Platte River has the resources and experience to help us execute new expansion strategies.”
“As the clear market leader serving a diverse set of growing end markets and customers, we are enthusiastic about our investment in Profile Products,” said Kris Whalen, Managing Director of Platte River. “With a strong foundation and active pipeline of new products, the company is positioned to better serve its existing customers and penetrate new markets. We look forward to helping John Schoch and the rest of the management team take full advantage of the available growth opportunities.”
Platte River makes equity investments of $10 million to $50 million in lower middle-market companies with enterprise values generally between $20 million and $250 million. The firm focuses on investing in the aerospace and transportation; energy and industrial products and services; and chemicals, metals, minerals and agriculture sectors. The firm invested capital out of its third fund, Platte River Equity III, LP, to acquire Profile Products. Platte River is based in Denver (www.platteriverequity.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-26-15