Prairie Capital Advisors Announces The Sale of McKinney Communications Corp. To An ESOP

By: Prairie Capital Advisors
 
 
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Telecommunications

Industry:
Finance

Location:
Oak Brook - Illinois - US

OAK BROOK, Ill. - Nov. 18, 2016 - PRLog -- Prairie Capital Advisors, Inc., a leading corporate finance advisory and investment banking firm, acted as exclusive financial advisor to McKinney Communications Corp. in the sale of the company to an employee stock ownership plan.

McKinney Communications Corp. ("MCC") is the holding company of several entities including Satellites Unlimited, Digital Electronic Supply and Pixsys Technologies.

Satellites Unlimited, Inc. ("SUI") based in Birmingham, Alabama, is a family-owned and operated Regional Service Provider and Authorized Retailer for DISH. Since 1999, the company has delivered professional in-home entertainment and communication services throughout the Southeast. The company remains committed to providing the highest quality customer experiences for DISH subscribers.

Digital Electronic Supply ("DES") manufactures and sells cable and wire products. Currently distributing more than 16 million feet of coaxial cable each month to multi-channel video service industries. Approved cable supplier for DISH Network satellite television installations, upgrades and service work.

Pixsys Technologies ("Pixsys") is a cloud-based software provider servicing independent DISH retail and installation companies. Headquartered in Birmingham, Alabama, Pixsys combines industry best practices and software automation to create a highly customized solution for regional service providers (RSP), subcontractors, and retailers.

Prairie worked closely with the management team and sellers, providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction as well as raising capital and structuring the financing of the deal. Terms of the transaction were not disclosed.

About Prairie Capital Advisors

Prairie is an employee owned company that offers investment banking, ESOP advisory and valuation services to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois with offices in Atlanta, Boston, Chicago, Cedar Rapids, Louisville and Philadelphia, the company is a leading advisor to closely-held companies nationwide. For more information, visit www.prairiecap.com.

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Wendy Gugora, Marketing Manager
630.413.5574
***@prairiecap.com
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Tags:Telecommunications
Industry:Finance
Location:Oak Brook - Illinois - United States
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