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SEATTLE — Prairie Capital, a private equity firm based in Chicago, has made a strategic investment in DRB Systems, according to a press release.
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The announcement of the deal was made June 4 by Corum Group, a mergers and acquisitions advisory firm that represents DRB.
“DRB is the unquestioned software leader for the conveyorized car wash industry, with a thirty-year history of strongly supporting their customers with their solutions,” states Prairie Capital Vice President Tony Danielak, in the release. He continued that the company looks forward to helping build upon DRB’s success.
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“I greatly appreciated the very deep and thorough process we went through with Corum,” said DRB President Dale Brott. “Because of that process, we had a number of options, which means I’m confident that we have selected the right partner.”
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