Profile Products, a portfolio company of Mid Oaks Investments, has been sold to Platte River Equity. Specific terms of the transaction were not disclosed.
Brown Gibbons Lang & Company’s (BGL’s) industrials practice and environmental services practice collaborated on the transaction and served as the exclusive financial advisor to the Profile Products, according to a news release from BGL.
“BGL’s deep industry knowledge and understanding of the highly engineered solutions we develop, as well as their buyer relationships and effort throughout the process, were instrumental in achieving an attractive transaction for our shareholders, and we are very excited for our company, customers and employees to partner with a high quality growth oriented firm in Platte River,” says John Schoch, Profile’s CEO.
Profile Products provides soil, water and vegetation management solutions. The company has developed patented and proprietary erosion and sediment control products, turf establishment products and complementary solutions designed to minimize soil loss and accelerate seed germination. Profile’s products are sold in 75 countries on 6 continents. Profile is based in Buffalo Grove, Ill., with operations in North Carolina, Tennessee, Mississippi and California.
“BGL drove value at each stage of the process, and we are delighted with the outcome for Profile,” says Mike Kocourek, CEO of Mid Oaks Investments.