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has completed a recapitalization led by

with minority participation by

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The Business

Agam (www.agam.com), headquartered in Elkridge, Maryland, is a next-generation manufacturing partner and solutions provider for designers and end-users of configurable physical structures. The Company specializes in precision-manufactured, modular aluminum extruded components used in custom trade shows/events exhibits, as well as interior structures used in retail, office, and healthcare applications.

The Industry

Agam primarily participates in the growing ~$2.4B trade show exhibit design and construction industry, a subset of the $22B U.S. trade show and conference planning industry. The U.S. trade show and conference planning industry is expected to grow at an annual rate of 6.0% through 2027P, driven by a return to pre-COVID-19 trade show activity and the strong value proposition of face-to-face events for exhibitors.

The Transaction

Prestwick served as a financial advisor to Agam in its recapitalization led by Champlain Capital with a minority investment from Brookside Capital Partners.

has merged with

a portfolio company of

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The Business

Exact (www.exactcorp.com) is a Modesto, California-based designer and manufacturer of specialty orchard harvesting and crop care solutions serving the global tree nut market and several other high-demand permanent crop markets. Founded in 2003, Exact has been providing growers with innovative orchard harvesting equipment designed to improve efficiency, optimize yield, and minimize environmental impact. Exact offers a comprehensive suite of proprietary agriculture equipment, including tree nut sweepers, conditioners, and harvesters, as well as orchard cabs and herbicide sprayers.

The Industry

Exact participates in the specialty agricultural equipment market. Within this market, Exact has established itself as a category innovator within several high-demand orchard harvesting markets, including the $6B+ U.S. tree nut market. The U.S. tree nut market is experiencing significant domestic and global demand due to changing consumer preferences, widespread health benefits, and versatility as a food and ingredient.

The Transaction

Prestwick initiated this transaction and acted as the exclusive financial advisor to Exact. Prestwick prepared marketing materials and negotiated the transaction structure and key terms with Midwest Growth Partners, a West Des Moines, Iowa-based private equity firm, and their portfolio company, Jackrabbit, a manufacturer of tree nut harvesting and material handling systems.

a portfolio company of

has been acquired by

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The Business

Westside (www.westsideequipment.com) is a Madera, California-based specialty agricultural harvesting platform that designs, manufactures, and markets equipment, technologies, and aftermarket parts & service for the fragmented specialty and permanent crop markets. Founded in 1986, Westside maintains a dominant market position in processed tomato harvesting and a growing presence in other high-demand specialty crops, including pistachios and grapes.

The Industry

Westside participates in the specialty agricultural equipment market.  Within this market, Westside has established itself as a leader and category innovator within processed tomato, pistachio, and grape harvesting equipment. Westside’s primary served crops are billion-dollar U.S. markets that are considered resilient, non-discretionary food staples and supported by several favorable, long-term growth trends.

The Transaction

Prestwick initiated this transaction and acted as the exclusive financial advisor to Westside and its private equity sponsors, Hanover Partners (San Francisco, CA) and Greyrock Capital Group (Walnut Creek, CA). Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Oxbo International, a Netherlands-based specialty agricultural equipment manufacturer and portfolio company of NPM Capital, a Netherlands-based private equity group. Prestwick’s process included both domestic and international strategic acquirers, as well as private equity groups.

a subsidiary of

has been acquired by

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The Business

Parts Unlimited Interiors (“PUI”) is a La Grange, Kentucky-based manufacturer of aftermarket automotive interior soft goods. The company has developed a comprehensive product portfolio of seat upholstery, interior door panels, window felts, and other interior soft goods that serve a wide range of makes and models, including GM, Mopar, and Ford.

The Industry

PUI participates in the growing U.S. specialty-equipment automotive aftermarket, a $52 billion market in 2023.  Within the U.S. specialty-equipment automotive aftermarket, PUI maintains a leading market position in aftermarket interior soft goods.  Continued demand for PUI’s products will be driven by long-term growth in classic car restoration, an expanding base of addressable vehicles in operation, and new product innovation.

The Transaction

Prestwick initiated this transaction and acted as the exclusive financial advisor to Restoration Parts Unlimited, Inc., a portfolio company of Dubin Clark, in the sale of PUI. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Classic Industries. Prestwick’s process included private equity groups and strategic acquirers.

has been acquired by

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The Business

Founded in 1962 and based in Cincinnati, Ohio, Big Chief (www.gobigchief.com) is a leading value­-added supplier of industrial maintenance, repair and operations products related to electric heating and temperature control. The Company is regarded as a market leader for its technical expertise, customer service, and custom fabrication capabilities. Big Chief’s customers are primarily manufacturers serving a diverse range of end markets, including consumer staples, water & infrastructure, automotive, specialty polymers & resins, building materials, and general industrial. The Company serves customers in all 50 states.

The Process

Prestwick initiated this transaction and acted as the exclusive financial advisor to Big Chief and its shareholders. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Gryphon Investors. Prestwick’s process included both domestic and international strategic acquirers and private equity groups.

received a growth investment from

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The Business

Trinity Solar (www.trinity-solar.com), headquartered in Wall, New Jersey, is a leading home services platform in the Northeast specializing in renewable energy solutions and one of the largest privately-held residential solar providers in the U.S. Founded in 1994, Trinity Solar is a premier provider of residential solar, battery storage, and roofing services. The company employs 2,700 professionals and has brought solar power to nearly 100,000 homes across 10 states.

The Industry

The U.S. residential solar market is large, growing, and supported by favorable industry tailwinds. In the last decade, residential solar has emerged as an established home service that provides a compelling value proposition to homeowners. Growth has been spurred by rising utility rates, declining solar costs, and increasing consumer demand for clean energy and energy independence. Despite rapid growth, the market remains largely underpenetrated, with market penetration of ~4% of total U.S. single-family homes.

The Process

Prestwick initiated this transaction and acted as the exclusive financial advisor to Trinity Solar and its shareholders. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with TSG Consumer Partners, a San Francisco, California-based private equity group.

has been acquired by

a portfolio company of

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The Business

Headquartered in Dartmouth, Massachusetts, Oberon Company (www.oberoncompany.com) is a leading designer and manufacturer of Arc Flash personal protective equipment (“PPE”) used to protect workers from electrical and gas hazards. Oberon is one of the largest independent manufacturers of Arc Flash PPE products and has been recognized as a category leader and innovator for over 40 years. The company introduced the industry’s first Arc Flash face shield and suit set in 1985 as a way to protect electric utility meter installers against arc flash burns. Since then, Oberon has become a premier brand in the industry, providing comprehensive safety products for professionals serving electric and gas utilities, oil and gas companies, industrial manufacturers, government and military markets.

The Industry

Oberon is a highly-differentiated leader within the $10+ billion U.S. PPE market, which is expected to experience long-term growth due to several favorable market dynamics, including (i) increasingly stringent health and safety regulations, (ii) unacceptably high incidence of worker injuries, deaths and associated costs, (iii) product innovation and technology advancements, and (iv) strong, growing end-use markets for PPE.

The Process

Prestwick initiated this transaction and acted as the exclusive financial advisor to Oberon Company and its shareholders. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with SureWerx, a portfolio company of The Riverside Comapany. Prestwick’s process included both domestic and international strategic acquirers.

a portfolio company of

has been acquired by

Co-Advisor

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The Business

Belt Power (www.beltpower.com) is a Marietta, Georgia-based full-service distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories and rubber, hose and gasket products. Through twelve locations throughout the US, Belt Power serves the conveyor maintenance, replacement and overhaul needs of over 3,000 current customers with a focus on food processing, packaging, material handling and light industrial markets.

The Transaction

Prestwick co-advised Belt Power and Shorehill Capital, a Chicago, Illinois-based private equity group, in a divestiture process that included both strategic acquirers and private equity groups.

has been acquired by

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The Business

Eckler’s (www.ecklers.com) is a specialty e-tailer of automotive aftermarket parts and accessories.  Eckler’s is a pioneer in the restoration aftermarket and has developed an enduring brand heritage based on a commitment to serving enthusiast vehicle owners of early model Corvettes, Camaros, Chevy Tri-Fives, as well as Chevy and Ford trucks and other makes and models.  Eckler’s serves its customers through a variety of channels including the following websites: www.ecklers.com, www.ecklerscorvette.com, www.macsautoparts.com, www.rickscamaros.com, and www.classicchevy.com.

The Industry

Eckler’s participates in the growing $200B+ U.S. automotive aftermarket parts industry.  Online sales, excluding online auctions and 3P sales, of automotive parts and accessories accounts for only $20B, or 10% of the total U.S. automotive aftermarket parts industry.  With the global e-commerce penetration for auto parts at approximately 4%, there is ample room for growth for e-tailers of automotive aftermarket parts and accessories.

The Transaction

Prestwick initiated this transaction and acted as the exclusive financial advisor to Eckler’s.  Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Turn5, a Pennsylvania-based e-commerce retailer serving automotive enthusiasts via www.americanmuscle.com, www.extremeterrain.com, and www.americantrucks.com.