illi News - Prairie Represents Specialty Chemicals Division of The Cary Company in its Sale to Maroon Group LLC

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OAKBROOK TERRACE, Ill. - illiNews -- Prairie Capital Advisors, Inc. ("Prairie") is pleased to announce that the Raw Materials and Specialty Chemicals distribution business unit of The Cary Company ("the Business") has been acquired by Maroon Group LLC ("Maroon Group"). Prairie acted as exclusive financial advisor in this transaction to The Cary Company and its shareholders and was led by Anthony Dolan and Dan DeLap of Prairie. Terms of the transaction were not disclosed.

Founded in 1895 and based in Addison, Illinois, The Cary Company is a leading source for Containers & Packaging, Spill Control Products and Industrial Filtration Solutions for both industry and consumer customers (these business units are still retained within The Cary Company). With warehouses and salespeople across the U.S., as well as an extensive product lineup and partnerships with top manufacturers, the Company is equipped to meet the demands of its customer base.

Recently acquired by Barentz International, Maroon Group is a leading distributor of specialty chemicals and ingredients across North America. Based in Avon, Ohio, Maroon Group has thrived on creating success for customers by forming partnerships with leading manufacturers and supplying consistent products on time. Customers in the CARE, CASE, HI&I, Plastics, Specialty Intermediates and Food markets have come to rely on Maroon Group's technical sales team, exceptional customer service and global sourcing capabilities.

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The Cary Company recognized Prairie's extensive knowledge and expertise in the chemical distribution space. Prairie designed and managed a competitive process with a targeted group of potential acquirers, which attracted significant interest, and resulted in a successful outcome for its stakeholders. "The Prairie team was instrumental in helping us understand our options and finding the right partner for our chemical distribution business as we focus on and grow our containers and packaging business," said Kenneth Tyrrell, President and CEO of The Cary Company.

"We are glad to have advised The Cary Company on this important transaction and believe that the Business' similar go-to-market strategy, solutions-based selling and excellent customer service model will enable Maroon Group to continue its growth as a leader in the North American CASE and Plastics segment," said Anthony Dolan, Director at Prairie. "This transaction represents another successful assignment completed by Prairie's Investment Banking group as we continue our dedication to serving middle-market family- and founder-owned businesses," added Dan DeLap, Vice President at Prairie.

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About Prairie Capital Advisors

Prairie offers investment banking, ESOP advisory, valuation advisory and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. Prairie was named the 2020 Valuations & Fairness Opinions Advisor of the Year by M&A Atlas. For more information, visit www.prairiecap.com.