DENVER, May 26, 2015 /PRNewswire/ -- Platte River Equity ("Platte River") announced today that it has acquired Profile Products LLC ("Profile Products" or the "Company") in partnership with the existing management team. Headquartered in Buffalo Grove, Illinois, Profile Products develops, manufactures and markets innovative products and complementary solutions designed to minimize soil loss and accelerate seed germination for private and civil construction, energy, mining, landfill, agriculture, horticulture, sports fields, golf courses, and retail lawn and garden applications. Its products are sold in 75 countries on six continents.
"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. With Platte River as a partner, we believe we are in the strongest possible position to keep the Company on a continuous growth path."
"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 well 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 invested capital out of its third fund, Platte River Equity III, L.P., to acquire Profile Products. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River.
About Profile Products LLC
Profile Products LLC is an innovative global environmental solutions provider that develops, manufactures and markets leading products for soil modification, erosion and sediment control, vegetation establishment and daily cover. The company is privately owned and headquartered in Buffalo Grove, Illinois. For more information, visit www.profileproducts.com.
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm that invests in lower middle market operating companies with enterprise values generally between $20 million and $250 million. The firm focuses on targeted industry sectors where it has deep operating and investing experience including aerospace and transportation; energy and industrial products and services; and chemicals, metals, minerals and agriculture. Platte River Equity manages funds with committed capital in excess of $700 million. For more information, visit www.platteriverequity.com.
SOURCE Platte River Equity