Mesirow Successfully Advises Prestige Distribution on Sale to Vector Building Products

Mesirow Advises Prestige Distribution, Inc. on Successful Sale to Vector Building Products

Mesirow, an independent and employee-owned financial services firm based in Chicago, has announced its role as the exclusive financial advisor for Prestige Distribution, Inc. in its sale to Vector Building Products. This transaction showcases Mesirow's ongoing success and expertise in the distribution and supply chain sectors.

Founded in 2004, Prestige Distribution, headquartered in Northbrook, Illinois, has grown to become a leading distributor and installer of specialty commercial building products, specifically under Division 10 and 12 categories. Their extensive product offerings cater to various commercial properties across the United States, including toilet partitions, lockers, window treatments, washroom accessories, visual display surfaces, wall protection, and more.

Prestige Distribution distinguishes itself by not only being a major distributor of these specialty products but also by building one of the largest installation and labor networks in the country to support these offerings. This strategic combination of distribution and installation capabilities has positioned Prestige as a trusted name in the market, known for its execution and customer service.

Rocky Pontikes, Senior Managing Director and Co-Head of Mesirow Investment Banking, expressed pride in advising Prestige Distribution through this essential transaction. He emphasized the company's strong reputation and noted, "We were honored to support Prestige and believe that the collaboration with Vector will pave the way for continued growth and success for both organizations."

Reflecting on the journey, David Waxman, CEO and Co-Owner of Prestige, stated, "We are incredibly proud of what the Prestige team has built over the last two decades. This sale represents a significant milestone for our company, employees, and customers. We are thankful to Mesirow for their guidance and expertise during this process, which helped us achieve a successful outcome." Adi Klinghofer, President and Co-Owner of Prestige, echoed these sentiments, recognizing the importance of this transaction for the company's future.

Mesirow's advisory role in the sale of Prestige Distribution adds to its impressive portfolio within the distribution and supply chain domain. The firm continues to leverage its deep industry knowledge, longstanding client relationships, and a commitment to delivering customized solutions to secure successful transactions. With more than 350 transactions completed across various sectors in recent years, Mesirow enforces its reputation as a leader in the financial advisory space.

As Mesirow looks to the future, its mission remains focused on helping clients navigate the complexities of financial markets while acting as a force for social good. Founded in 1937, Mesirow has adopted a personal approach to assist clients in attaining their financial objectives, further solidifying its key role in shaping the industries it serves. The firm has been recognized multiple times by Crain’s Chicago Business as one of the Best Places to Work, and it consistently ranks among Barron's Top 100 Registered Investment Advisory firms.

With this latest transaction under its belt, Mesirow not only proves its capability in facilitating significant mergers and acquisitions but also reaffirms its commitment to the growth and success of businesses within the distribution sector. Through strategic partnerships and expert advising, Mesirow aims to foster continued prosperity for its clients and communities alike.

For more insights into Mesirow's advisory services and its impact on businesses across sectors, visit mesirow.com.