Jackson Walker represented Prophet Equity in the sale of its Michigan-based portfolio company Total Plastics Resources LLC, one of the industry’s largest plastic distributors. The transaction closed on December 18, 2020, for an undisclosed amount. For more information about this transaction, please refer to this press release from Prophet Equity.
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.
Prophet Equity acquired Total Plastics Resources LLC in 2016–a deal that won The M&A Advisor’s Divestiture Deal of the Year Award (Over $50M to $100M) in 2017 and M&A Deal of the Year award in 2016.
Representing Prophet Equity and Total Plastics in the transaction was a multidisciplinary team of Jackson Walker attorneys led by Kevin A. Jones and included Bowman Givhan, Adrian Allen, Nathan T. Smithson, Peter K. Wahl, and Greta E. Cowart.
Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 400 attorneys across seven offices, we are the third-largest 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.