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Prairie Capital Advisors

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uuid0009blg

Namestring
Prairie Capital Advisors
Legal namestring
Prairie Capital Advisors, Inc.
Websiteurl
prairiecap.com
Company typeenum
Private
Founded yearint
1996
Descriptiontext

Prairie Capital Advisors is a privately held, U.S.-domiciled financial advisory firm founded in 1996 and headquartered in Oakbrook Terrace, Illinois, with seven offices across the country. The firm specializes in creating and executing ownership transition strategies for middle-market companies, with a particular emphasis on Employee Stock Ownership Plan (ESOP) advisory alongside traditional buy-side and sell-side M&A mandates, valuations and fairness opinions, financial reporting valuations, capital markets, and long-term business sustainability consulting. Prairie has advised on over 825 middle-market transactions and completes more than 475 corporate valuations annually, supported by a team of 51-100 professionals that includes CFA charterholders, CPAs, and Accredited Senior Appraisers.

The firm's core products are service-based and organized into seven practice areas: Investment Banking, ESOP Advisory, Dual Path Process (a proprietary framework allowing simultaneous M&A sale and ESOP buyout evaluation), Valuations and Opinions, Financial Reporting, Consulting, and Capital Markets. Underlying these are proprietary analytical methodologies including the ESOP Sustainability Study, which integrates repurchase obligation analysis with valuation and cash flow modeling, and the ESOP Health Check® diagnostic, with 125+ sustainability studies completed. Securities transactions are executed through the affiliated broker-dealer Prairie Capital Markets, LLC (Member FINRA/SIPC).

Prairie makes money primarily through transaction-based fees on M&A advisory engagements and project-based professional services fees for valuations, ESOP advisory, financial reporting, and sustainability consulting engagements. Go-to-market is relationship-driven and expertise-based: senior advisors pursue middle-market company boards, shareholders, and management teams through industry conference presence (NCEO, TEA, CFMA), professional referrals, thought-leadership content, and direct business development. The customer base spans 13 industry verticals including manufacturing, construction, healthcare, food & beverage, technology, and aerospace & defense, with active engagements across both ESOP-forming companies and traditional middle-market M&A sellers.

Short descriptiontext

Prairie Capital Advisors is a privately held U.S. middle-market financial advisory firm specializing in ownership transition strategies, ESOP advisory, M&A, valuations, and capital markets services for privately held companies across 13 industry verticals, with 825+ cumulative transactions advised.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersOak Brook, United States
HQ citystring
Oak Brook
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
middle-market investment banking, ESOP advisory services, M&A advisory, business valuations, ownership transition advisory
Industry3 codes
1Corporate Finance & Capital Advisory
CodeBPAHADABPrimaryYes
2Capital Raising Advisory (Equity & Equity-Linked)
CodeFSAEAGACPrimaryNo
3Equity Capital Advisory (Private Equity Placements, Growth Capital)
CodeBPAHAOAEPrimaryNo
NAICS code4 codes
  • Portfolio Management and Investment Advice523940
  • Securities, Commodity Contracts, and Other Financial Investments and Related Activities523
  • All Other Financial Investment Activities52399
  • Miscellaneous Intermediation52391
SIC code3 codes
  • Investment Advice6282
  • Security Brokers, Dealers & Flotation Companies6211
  • Services-Management Consulting Services8742
Product category
Investment Banking & Financial Advisory Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Investment Banking Advisory
TypeTransaction Fee
Description

Transaction-based fees for M&A advisory services including buy-side and sell-side mandates, ownership transition planning, and deal execution for middle-market companies.

prairiecap.com
2ESOP Advisory Services
TypeProfessional Services
Description

Fees for ESOP formation, transaction advisory, sustainability studies, and ongoing ESOP consulting engagements for companies transitioning to employee ownership.

prairiecap.com
3Valuations and Opinions
TypeProfessional Services
Description

Business valuation services for financial reporting, fairness opinions, and corporate planning purposes. Also includes valuations for ESOP repurchase obligations and estate planning.

prairiecap.com
4Capital Markets
TypeTransaction Fee
Description

Capital raising services and transaction structuring support for middle-market companies.

prairiecap.com
5Consulting Services
TypeProfessional Services
Description

Long-term business sustainability consulting and benefit/compensation consulting services.

prairiecap.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Prairie Capital Advisors is a financial advisory firm that creates and executes ownership transition strategies for middle-market companies nationwide. Core services include M&A investment banking (sell-side and buy-side advisory), ESOP formation and advisory, business valuations and fairness opinions, financial reporting valuations, capital markets advisory, and long-term sustainability consulting. Securities transactions are effected through affiliated broker-dealer Prairie Capital Markets, LLC (FINRA/SIPC member).

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Advised on 825+ middle-market transactions
+2 more records
Product overview1 text field

Prairie Capital Advisors operates as a service-based financial advisory firm rather than a software product company. The core offering is ownership transition advisory services for middle-market companies, delivered through distinct practice areas: Investment Banking (M&A advisory), ESOP Advisory, Dual Path Process (simultaneous M&A/ESOP evaluation), Valuations and Opinions, Financial Reporting, Consulting, and Capital Markets. These services are supported by proprietary analytical tools including the ESOP Sustainability Study for long-term planning and the ESOP Health Check® for initial assessments. The firm serves diverse industries including Construction, Manufacturing, Healthcare, Technology, and Food & Beverage. Services are delivered through the firm's offices, with securities transactions handled through affiliated entity Prairie Capital Markets, LLC.

Product and service2 records
1Investment Banking
CategoryInvestment Banking
Description

M&A advisory providing sound advice and focused strategies to help middle-market clients monetize or grow their business, including sell-side and buy-side advisory, transaction structuring, and strategic alternatives.

2ESOP Advisory
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Prairie Capital Advisors is a member of the Eaton Square Network of M&A Advisors, an international network of middle-market M&A advisory firms. This membership provides access to global deal flow and cross-border transaction capabilities while maintaining independent operation.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Middle-market investment banking arm of BDO USA, offering M&A advisory and valuations with a broader service portfolio and national footprint than Prairie.

TypeDirect peer
Description

Global middle-market M&A advisory firm that competes with Prairie for sell-side and buy-side mandates in the same mid-market enterprise value range, though with broader geographic reach and larger deal teams.

TypeBroad incumbent
Description

Diversified middle-market investment bank with M&A advisory, capital markets, and ESOP-related services through a much larger platform that competes for the same enterprise-value segment.

TypeDirect peer
Description

ESOP-focused advisory and consulting firm (previously referenced in Prairie team members' backgrounds) that competes head-to-head in ESOP sustainability, plan design, and repurchase obligation advisory.

TypeDirect peer
Description

Middle-market investment banking and advisory firm with a strong valuation and ESOP-adjacent practice, overlapping Prairie on fairness opinions, business valuation, and M&A advisory.

TypeDirect peer
Description

Middle-market M&A advisor focused on transactions for private and family-owned businesses — a direct competitor for Prairie's ownership-transition and sell-side mandates.

TypeDirect peer
Description

Specialized ESOP consulting firm offering sustainability studies, plan design, and repurchase obligation modeling — overlapping directly with Prairie's ESOP Advisory practice.

TypeDirect peer
Description

Independent middle-market advisory firm specializing in ESOP transactions and ownership transition advisory, directly competing with Prairie in sell-side ESOP mandates and sustainability studies.

TypeOthers
Description

International network of middle-market M&A advisory firms in which Prairie holds membership, providing cross-border deal-flow access and partnership referrals rather than direct head-to-head competition.

TypeDirect peer
Description

ESOP sustainability, fiduciary, and repurchase-obligation services firm (also in the background of Prairie VP Alexander Grasser), competing for the same ESOP consulting and sustainability engagements.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles15 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Prairie Capital Advisors

Investment Banking & Financial Advisory Servicesprairiecap.com

Prairie Capital Advisors is a privately held U.S. middle-market financial advisory firm specializing in ownership transition strategies, ESOP advisory, M&A, valuations, and capital markets services for privately held companies across 13 industry verticals, with 825+ cumulative transactions advised.

What Prairie Capital Advisors does

Prairie Capital Advisors is a privately held, U.S.-domiciled financial advisory firm founded in 1996 and headquartered in Oakbrook Terrace, Illinois, with seven offices across the country. The firm specializes in creating and executing ownership transition strategies for middle-market companies, with a particular emphasis on Employee Stock Ownership Plan (ESOP) advisory alongside traditional buy-side and sell-side M&A mandates, valuations and fairness opinions, financial reporting valuations, capital markets, and long-term business sustainability consulting. Prairie has advised on over 825 middle-market transactions and completes more than 475 corporate valuations annually, supported by a team of 51-100 professionals that includes CFA charterholders, CPAs, and Accredited Senior Appraisers.

The firm's core products are service-based and organized into seven practice areas: Investment Banking, ESOP Advisory, Dual Path Process (a proprietary framework allowing simultaneous M&A sale and ESOP buyout evaluation), Valuations and Opinions, Financial Reporting, Consulting, and Capital Markets. Underlying these are proprietary analytical methodologies including the ESOP Sustainability Study, which integrates repurchase obligation analysis with valuation and cash flow modeling, and the ESOP Health Check® diagnostic, with 125+ sustainability studies completed. Securities transactions are executed through the affiliated broker-dealer Prairie Capital Markets, LLC (Member FINRA/SIPC).

Prairie makes money primarily through transaction-based fees on M&A advisory engagements and project-based professional services fees for valuations, ESOP advisory, financial reporting, and sustainability consulting engagements. Go-to-market is relationship-driven and expertise-based: senior advisors pursue middle-market company boards, shareholders, and management teams through industry conference presence (NCEO, TEA, CFMA), professional referrals, thought-leadership content, and direct business development. The customer base spans 13 industry verticals including manufacturing, construction, healthcare, food & beverage, technology, and aerospace & defense, with active engagements across both ESOP-forming companies and traditional middle-market M&A sellers.

Prairie Capital Advisors firmographics

Firmographics
Name
Prairie Capital Advisors
Legal name
Prairie Capital Advisors, Inc.
Website
https://prairiecap.com
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
51–100 employees
Short description
Prairie Capital Advisors is a privately held U.S. middle-market financial advisory firm specializing in ownership transition strategies, ESOP advisory, M&A, valuations, and capital markets services for privately held companies across 13 industry verticals, with 825+ cumulative transactions advised.
Ownership category
akta.pro rank

Prairie Capital Advisors industry classification

Industry
Product category
Investment Banking & Financial Advisory Services
NAICS
Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), All Other Financial Investment Activities (52399), Miscellaneous Intermediation (52391)
SIC
Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Services-Management Consulting Services (8742)
akta.pro primary industry
Corporate Finance & Capital Advisory (BPAHADAB)
akta.pro secondary industries
Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

  • Middle-market investment banking
  • ESOP advisory services
  • M&A advisory
  • Business valuations
  • Ownership transition advisory

Where Prairie Capital Advisors is headquartered

Location

Headquarters

HQ city
Oak Brook
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Prairie Capital Advisors business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

  1. Investment Banking Advisory: Transaction-based fees for M&A advisory services including buy-side and sell-side mandates, ownership transition planning, and deal execution for middle-market companies.
  2. ESOP Advisory Services: Fees for ESOP formation, transaction advisory, sustainability studies, and ongoing ESOP consulting engagements for companies transitioning to employee ownership.
  3. Valuations and Opinions: Business valuation services for financial reporting, fairness opinions, and corporate planning purposes. Also includes valuations for ESOP repurchase obligations and estate planning.
  4. Capital Markets: Capital raising services and transaction structuring support for middle-market companies.
  5. Consulting Services: Long-term business sustainability consulting and benefit/compensation consulting services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Prairie Capital Advisors product offering

Product offering

Core offering

Prairie Capital Advisors is a financial advisory firm that creates and executes ownership transition strategies for middle-market companies nationwide. Core services include M&A investment banking (sell-side and buy-side advisory), ESOP formation and advisory, business valuations and fairness opinions, financial reporting valuations, capital markets advisory, and long-term sustainability consulting. Securities transactions are effected through affiliated broker-dealer Prairie Capital Markets, LLC (FINRA/SIPC member).

Product overview

Prairie Capital Advisors operates as a service-based financial advisory firm rather than a software product company. The core offering is ownership transition advisory services for middle-market companies, delivered through distinct practice areas: Investment Banking (M&A advisory), ESOP Advisory, Dual Path Process (simultaneous M&A/ESOP evaluation), Valuations and Opinions, Financial Reporting, Consulting, and Capital Markets. These services are supported by proprietary analytical tools including the ESOP Sustainability Study for long-term planning and the ESOP Health Check® for initial assessments. The firm serves diverse industries including Construction, Manufacturing, Healthcare, Technology, and Food & Beverage. Services are delivered through the firm's offices, with securities transactions handled through affiliated entity Prairie Capital Markets, LLC.

Differentiator

Problem solved

Functional benefit

Products and services

  • Investment Banking M&A advisory providing sound advice and focused strategies to help middle-market clients monetize or grow their business, including sell-side and buy-side advisory, transaction structuring, and strategic alternatives.
  • ESOP Advisory

Quantifiable outcome

  • Advised on 825+ middle-market transactions
  • +2 more outcomes

Companies that use Prairie Capital Advisors

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Prairie Capital Advisors technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Prairie Capital Advisors partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Eaton Square Network of M&A AdvisorsminorStrategic or Co-development PartnerPrairie Capital Advisors is a member of the Eaton Square Network of M&A Advisors, an international network of middle-market M&A advisory firms. This membership provides access to global deal flow and cross-border transaction capabilities while maintaining independent operation.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Prairie Capital Advisors competitors and assessment

Company assessment

Broad incumbents

  • BDO Capital Advisors: Middle-market investment banking arm of BDO USA, offering M&A advisory and valuations with a broader service portfolio and national footprint than Prairie.
  • Robert W. Baird & Co. Diversified middle-market investment bank with M&A advisory, capital markets, and ESOP-related services through a much larger platform that competes for the same enterprise-value segment.

Direct peers

  • Lincoln International: Global middle-market M&A advisory firm that competes with Prairie for sell-side and buy-side mandates in the same mid-market enterprise value range, though with broader geographic reach and larger deal teams.
  • Findley: ESOP-focused advisory and consulting firm (previously referenced in Prairie team members' backgrounds) that competes head-to-head in ESOP sustainability, plan design, and repurchase obligation advisory.
  • Stout: Middle-market investment banking and advisory firm with a strong valuation and ESOP-adjacent practice, overlapping Prairie on fairness opinions, business valuation, and M&A advisory.
  • Livingstone Partners: Middle-market M&A advisor focused on transactions for private and family-owned businesses — a direct competitor for Prairie's ownership-transition and sell-side mandates.
  • Blue Ridge ESOP Associates: Specialized ESOP consulting firm offering sustainability studies, plan design, and repurchase obligation modeling — overlapping directly with Prairie's ESOP Advisory practice.
  • Chartwell Financial Advisory: Independent middle-market advisory firm specializing in ESOP transactions and ownership transition advisory, directly competing with Prairie in sell-side ESOP mandates and sustainability studies.
  • SCJ Fiduciary Services: ESOP sustainability, fiduciary, and repurchase-obligation services firm (also in the background of Prairie VP Alexander Grasser), competing for the same ESOP consulting and sustainability engagements.

Others

  • Eaton Square Network: International network of middle-market M&A advisory firms in which Prairie holds membership, providing cross-border deal-flow access and partnership referrals rather than direct head-to-head competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Prairie Capital Advisors social profiles

Digital presence

Prairie Capital Advisors compliance and trust

Trust signal

Compliance2 records

Prairie Capital Advisors financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Prairie Capital Advisors leadership team

Management profile

Number of profiles

Profiles15 records

Prairie Capital Advisors funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Prairie Capital Advisors M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prairie Capital Advisors

What does Prairie Capital Advisors do?

Prairie Capital Advisors is a financial advisory firm that creates and executes ownership transition strategies for middle-market companies nationwide. Core services include M&A investment banking (sell-side and buy-side advisory), ESOP formation and advisory, business valuations and fairness opinions, financial reporting valuations, capital markets advisory, and long-term sustainability consulting. Securities transactions are effected through affiliated broker-dealer Prairie Capital Markets, LLC (FINRA/SIPC member).

Is Prairie Capital Advisors a public or private company?

Prairie Capital Advisors is a private company. It is classified as management employee owned and is currently operating.

When was Prairie Capital Advisors founded?

Prairie Capital Advisors was founded in 1996. It employs 51 to 100 people.

Where is Prairie Capital Advisors based?

Prairie Capital Advisors is headquartered in Oak Brook, United States, in the North America region.

How does Prairie Capital Advisors make money?

Five revenue lines are on record. Investment Banking Advisory is the primary driver. The others are ESOP Advisory Services, valuations and Opinions, capital Markets and consulting Services.

Who are Prairie Capital Advisors's main competitors?

Broad incumbents on record are BDO Capital Advisors and Robert W. Baird & Co.. Direct peers are Lincoln International, Findley, Stout, Livingstone Partners, Blue Ridge ESOP Associates, Chartwell Financial Advisory and SCJ Fiduciary Services. Eaton Square Network is listed as an others.

Does Prairie Capital Advisors have an API?

No public API is recorded for Prairie Capital Advisors.

What industry is Prairie Capital Advisors in?

Prairie Capital Advisors's product category is Investment Banking & Financial Advisory Services. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of FSAEAGAC, Capital Raising Advisory (Equity & Equity-Linked). Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
ThemiddlemarketPrairie Capital Expands into MichiganPrairie Capital Advisors has opened a new office in Michigan and appointed Scott Harris as director to lead business development and growth initiatives. The expansion aims to support the firm's transaction financing, restructuring, and valuation services for middle-market business owners in the state. Harris brings over 25 years of commercial banking experience to this role.PrairiecapPrairie Industry Perspective – Aerospace & Defense Industry April 2026Prairie Capital Advisors, a financial advisory firm, has advised over 600 middle-market transactions and hundreds of companies on ownership transition strategies. The April 2026 Aerospace & Defense Industry newsletter is part of its industry perspective series.ThemiddlemarketPrairie Capital Advisors Promotes Four to Managing DirectorPrairie Capital Advisors Inc., a middle-market investment bank headquartered in Oakbrook Terrace, Illinois, has promoted four team members to the role of managing director. The promoted individuals are Gregory Cook (who leads the Fairness Opinion Practice), Timothy Jamison (focusing on business development across several U.S. regions), Shaun McGehee (with expertise in ESOPs and leveraged buyouts), and Franco Silva (who leads the Construction industry practice). The promotions reinforce the firm's leadership bench across key practice areas including M&A advisory, ESOPs, and ownership transitions.PrairiecapInvestment, M&A, Divestiture, & Capital Markets Advisory ServicesPrairie Capital Advisors outlines its investment banking services, including M&A advisory, capital markets, and strategic advisory for middle-market companies. The firm highlights an international alliance with Eaton Square to enhance cross-border capabilities across multiple regions.Greatgame2021 Case Study - 1st Pet Vet1st Pet Veterinary Centers, a three-location Arizona practice founded in 1989, adopted The Great Game of Business in early 2019 to build an employee-owned model via ESOP. Sales rose 55% and EBITDA 183% since then, with a $1.5 million A Stake in the Outcome bonus in 2020. An ESOP transition with Prairie Capital is expected by late summer or fall 2021.PR NewswirePrairie Capital Advisors Is Pleased To Announce The Successful Sale Of Harlow-HRK Sales & Marketing, Inc. To Impact Sales LLCPrairie Capital Advisors announced the successful sale of Harlow-HRK Sales & Marketing, Inc. to Impact Sales LLC, with Prairie serving as financial advisor to the seller. Founded in 1981, Harlow-HRK provides sales, marketing, and retail support services to approximately 400 consumer packaged goods companies representing nearly 875 brands. Impact Sales LLC, a portfolio company of CI Capital Partners LLC, operates nineteen regional offices across the Western US and in Cincinnati, Ohio.PR NewswirePrairie Capital Advisors Is Pleased To Announce The Successful Management Buyout Of New Castle Stainless Plate, LLC.Prairie Capital Advisors served as the exclusive financial advisor for the management buyout of Outokumpu Oy's U.S. stainless steel plate operations, acquired by the existing management team along with D'Orazio Capital Partners. The transaction, valued at an undisclosed amount, returns the New Castle, Indiana-based quarto plate stainless steel mill to American ownership after more than 45 years under Finnish ownership. The newly independent company, New Castle Stainless Plate, will continue operations with the existing 112-person workforce and management team, serving end markets including infrastructure, transportation, power generation, and oil and gas.PR NewswirePrairie Capital Advisors Is Pleased To Announce The Successful Sale Of Novaspect Holdings, Inc. To An Employee Stock Ownership TrustPrairie Capital Advisors announced the successful sale of Novaspect Holdings, Inc. to an employee stock ownership plan (ESOP) on January 30, 2017, with Prairie serving as financial advisor throughout the transaction process. Novaspect, a provider of process management solutions established in 1936 and an Emerson Automation Solutions Business Partner, will transition to employee ownership under the new ESOP structure. The company's CFO and shareholders described the transition as an exciting opportunity for continued growth and investment in the company's future.