Periculum Advises Prairie Mills in its Sale to Consolidated Grain and Barge Co

Periculum Capital Company, LLC is pleased to announce it has advised Prairie Mills Products, LLC, an Indiana-based specialty corn milling company, in its sale to Consolidated Grain and Barge Co.

Periculum was engaged to advise on the sale of the business by the owner, John Cory, due to Periculum’s extensive food and ag expertise. Periculum’s customized process included contacting strategic buyers in the niche food ingredient market, and the broader grain and commercial mixes markets. As a result, the Periculum team was able to structure an attractive exit for John while putting the Company’s business in the hands of a diversified agribusiness company with a plan to continue operations in Rochester, Indiana and grow its presence in the specialty food ingredients market. The deal was structured as a sale of the business assets to include the associated retail and commercial brands. This transaction serves as Periculum’s 18th deal in the food and ag space, deepening the firm’s pulse on the market and strengthening its understanding of the key value drivers for buyers and sellers.

John Cory commented on the sale, “Periculum’s dedicated senior leaders were involved in each step of the transaction and identified potential buyers that weren’t necessarily known in the market. We achieved a great outcome that positions the Company for future success”.

Prairie Mills, a leading niche corn miller of non-GMO, gluten free, heirloom, and specialty grain corn meal and flour products providing superior quality to customers around the globe, dated back 100 years, with John’s ownership beginning in 2006. He spent the last 18 years streamlining and upgrading production capabilities and diversifying the product line with non-GMO and organic products. The Company’s location in Rochester, Indiana puts it within 500 miles of 70% of the U.S. population allowing it to market its products to end users in the commercial baking, specialty mixes, retail, and industrial markets. Prairie Mills products can be found in everyday foods like English muffins and breads, various baking mixes, pasta, pizza crust, and breadings. The Company’s E-Z Bake, Prairie Mills, and Southern Plantation brands are marketed through various retailers and online.

In addition to Periculum, John was supported through the transaction by the Krieg Devault LLP mergers & acquisitions legal team, led by Brian Heaton and Sara Jones.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

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