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BGL Completes the Sale of Profile ProductsCLEVELAND, May 29, 2015 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the sale of Profile Products LLC ("Profile" or the "Company"), a portfolio company of Mid Oaks Investments LLC, to Platte River Equity, with participation by management. The specific terms of the transaction were not disclosed. Photo - http://photos.prnewswire.com/prnh/20150528/219152 Logo - http://photos.prnewswire.com/prnh/20150528/219153LOGO BGL's Industrials practice, including engineered materials and building products, and Environmental Services practice jointly collaborated on the transaction and served as the exclusive financial advisor to the Company, resulting in a superior outcome for Profile and its shareholders. Profile is an innovative global environmental solutions company providing soil, water, and vegetation management solutions used by customers ranging from construction companies to golf and sports complexes to retail lawn and garden centers. The Company is a research and development and thought leader that has developed patented and proprietary erosion and sediment control products, turf establishment products, and complementary slutions 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. With internationally recognized brands and a broad international distribution network, Profile's products are sold in 75 countries on 6 continents. Profile is based in Buffalo Grove, Illinois, with operations in North Carolina, Tennessee, Mississippi, and California. John Schoch, Profile's CEO, commented, "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." Mike Kocourek, CEO of Mid Oaks Investments, added, "BGL drove value at each stage of the process, and we are delighted with the outcome for Profile." About Brown Gibbons Lang & Company Media Contact: Andrew Petryk, Email, 216.920.6613 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bgl-completes-the-sale-of-profile-products-300090400.html SOURCE Brown Gibbons Lang & Company (BGL) |