Jackson Walker represented Prophet Equity in the sale of its portfolio company Ace Asphalt of Arizona, Inc., a leading exterior facility services platform focused on providing parking lot maintenance and repair and comprehensive site development services for paved and concrete services. The transaction closed on March 3, 2021, for an undisclosed amount.
Based in Southlake, Texas, Prophet Equity uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation.
Representing Prophet Equity and Ace Asphalt in the transaction was a multidisciplinary team of Jackson Walker attorneys led by Kevin A. Jones and including Adrian Allen, Nathan T. Smithson, Peter K. Wahl, and Greta E. Cowart.
Founded in 1887, Jackson Walker continues to advance the world of business by helping companies of all sizes navigate today’s increasingly complex, interconnected legal landscape. With more than 400 attorneys across seven offices, we are the third-largest law firm in the state and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore the Firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.