(Oakbrook Terrace, IL) – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to SchuBemo Holdings, Inc. (“SchuBemo Holdings”), the parent company of American Ramp Company, Progressive Bike Ramps, LLC, and Atlas Safe Rooms, Inc. in the transition of the company into an employee stock ownership plan (“ESOP”). Prairie acted as exclusive financial advisor in this transaction to SchuBemo Holdings and its shareholders and was led by Michael McGinley and Himanshu Chaudhry of Prairie. Terms of the transaction were not disclosed.
Evolving from a Midwest garage startup into a major force in their field, American Ramp Company is a global leader in designing and constructing Action Sports Parks. Since 1998, they have collaborated with municipal leaders to create skate and bike parks that transform communities and inspire new generations. Their commitment is to ensure every community has a dedicated space for action sports, working with local input to meet each community’s diverse needs and budgets.
Prairie worked closely with the leadership team and sellers, providing ESOP advisory expertise, and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction.
“We extend our deepest gratitude to Prairie for their exceptional direction and unwavering support throughout the ESOP process. Their expertise and dedication were instrumental in ensuring a smooth and successful transition. We look forward to continued collaboration and highly recommend their services to any organization seeking professional and reliable assistance of this nature.” says Nathan Bemo, selling shareholder and President of SchuBemo Holdings.
“Prairie Capital Advisors came highly recommended by a local homebuilder who had become an ESOP several years before and worked with Prairie on their transaction. Through the transaction, the Prairie team were always available to answer any questions we had and were instrumental in helping us navigate the many meetings and discussions with the greater ESOP transaction team. Our, now employee-owned company, is very excited for what the future holds and are grateful for all that Prairie has done to help set our team up for success.” says John Hunter, selling shareholder and CEO of SchuBemo Holdings.
“We are extremely anxious to see what employee ownership can mean for those employees who have contributed so much to our success. We are also very grateful for the excellent guidance that Prairie provided throughout the entire process,” says Jim Moss, selling shareholder and CFO of SchuBemo Holdings.
“I am so proud of the legacy and the opportunity that all of the shareholders of SchuBemo Holdings are creating for their employees and their community,” said Michael McGinley, Managing Director at Prairie. Himanshu Chaudhry, Vice President at Prairie added, “It was a pleasure to work alongside such dedicated professionals, and we’re proud of the role we played in this pivotal transaction. American Ramp Company’s ESOP will change so many lives for better.”
About American Ramp Company:
ARC has built skate parks and bike parks in 44 countries all over the world. Our team offers every kind of Action Sports Park solution with the belief that every kid in every community should have access to a dedicated space to call their own.
About Prairie Capital Advisors:
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Reference:
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com
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