News Column

United States : PRAIRIE CAPITAL provides Strategic Investment to DRB SYSTEMS

June 5, 2014

Corum Group, a leading technology M&A advisory firm declared that its client, DRB Systems has secured a strategic investment from Chicago-based private equity firm Prairie Capital.

DRB Systems is the leading provider of software solutions to the car wash industry. It provides turnkey systems including point of sale (POS) software, loyalty promotion modules, control solutions, and related products designed to enhance the consumer's experience and the operational efficiency of the car wash operator.

Tony Danielak, Prairie Capital Vice President said, DRB is the unquestioned software leader for the conveyorized car wash industry, with a thirty-year history of strongly supporting their customers with their solutions. We look forward to helping them build upon this success.

Ward Carter, Corum Group chairman said, Prairie Capital and DRB both have a long history of success. Prairie's commitment to management and flexible approach made them a great fit to partner with DRB going forward.

DRB President Dale Brott said, I greatly appreciated the very deep and thorough process we went through with Corum. Because of that process, we had a number of options, which means I'm confident that we have selected the right partner.

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Source: TendersInfo (India)

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