Prairie Represents Kriz-Davis Co. in Sale to Border States Electric

Prairie Capital Advisors, Inc. (www.prairiecap.com), a leading middle market investment bank, is pleased to announce that it has represented Kriz-Davis Co. (www.krizdavis.com) and its shareholders in the sale of the company to Border States Industries, Inc. (www.borderstates.com). The transaction was publicly announced on July 26 and closed on August 28, 2017. Terms of the transaction were not disclosed.

Headquartered in Grand Island, Nebraska and founded in 1945, Kriz-Davis is a leading distributor of electrical products with 18 locations covering six states in the Midwest. As a full line electrical distributor, the company has continuously served the electrical utilities, industrial/automation, electrical contractor, and data communications markets while delivering value and innovation to the growing needs of its customers. Kriz-Davis is perennially ranked as a Top 50 Largest Electrical Distributor in the U.S. by Electrical Wholesaling Magazine.

Timothy Berry, Kriz-Davis’ President and CEO, commented, “Prairie’s highly dedicated team provided invaluable guidance in what was a challenging and complex transaction. Their understanding of our industry in addition to the complexities of ESOP ownership, led to an outstanding result for Kriz-Davis and its employee shareholders.”

Prairie Capital Advisors acted as the exclusive financial advisor to Kriz-Davis, working closely with its shareholders and management team throughout the sale process and guiding them to a successful transaction outcome. Kriz-Davis will now operate as a division of Border States Electric.