Mesirow, an independent, employee-owned financial services firm, today announced that it served as the exclusive financial advisor to Prestige Distribution, Inc. (“Prestige” or the “Company”) on its sale to Vector Building Products (“Vector”).
Founded in 2004 and headquartered in Northbrook, IL, Prestige Distribution furnishes and distributes a broad portfolio of commercial building products nationwide, including toilet partitions, lockers, window treatments, washroom accessories, visual display surfaces, wall protection, and much more, for commercial and multi-family residential properties. These offerings typically fall within the Division 10 and Division 12 architectural scopes of work. In addition to being one of the industry’s largest distributors of Division 10 and Division 12 products, Prestige has built one of the country’s largest installation and labor networks to deliver and install the products it provides.
Rocky Pontikes, Senior Managing Director and Co-Head of Mesirow Investment Banking, said, “Prestige Distribution has established itself as a trusted provider of Division 10 and 12 products and solutions, supported by a strong reputation for execution and customer service. We were honored to advise Prestige on this transaction and believe the Company’s partnership with Vector positions the combined organization for continued growth and success.”
"We are incredibly proud of what the Prestige team has built over the past two decades and are excited for the opportunities ahead," said David Waxman, CEO & Co-Owner of Prestige. "This transaction represents an important milestone for our company, employees and customers. We are grateful to the Mesirow team for their guidance and expertise throughout the process and for helping us achieve a successful outcome," added Adi Klinghofer, President & Co-Owner of Prestige.
The sale of Prestige Distribution, Inc. marks another successful distribution and supply chain transaction completed by Mesirow Investment Banking. In recent years, the firm has completed more than 350 transactions across its verticals. With deep industry expertise, long-standing client relationships, and a commitment to delivering tailored solutions, Mesirow continues to build a proven track record of highly successful transactions.
Mesirow Financial, Inc., member FINRA, SIPC.