Denver-based Platte River Equity announced in a May 26 press release that it has acquired Profile Products LLC in partnership with the existing management team.
Headquartered in Buffalo Grove, Ill., Profile Products develops, manufactures and markets products 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. Its products are sold in 75 countries on six continents, according to the release.
“Platte River has the resources and experience to help us execute new expansion strategies,” said Profile president and CEO John Schoch. “With Platte River as a partner, we believe we are in the strongest possible position to keep the company on a continuous growth path.”
Kris Whalen, Platte River managing director, said: “With a strong foundation and active pipeline of new products, [Profile] is well positioned to better serve its existing customers and penetrate new markets.
The press release said that Platte River invested capital out of its third fund, Platte River Equity III L.P., to acquire Profile Products.