OAKBROOK TERRACE, IL – May 9, 2024 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce that Prospect Airport Services, Inc. (“Prospect” or the “Company”) has been acquired by Unifi Aviation (“Unifi”). Prairie acted as exclusive financial advisor in this transaction to Prospect and its shareholders and was led by Tim Witt and Darrell Smith of Prairie. Terms of the transaction were not disclosed.

Established in 1966, Prospect Airport Services is a leading provider of passenger and cabin services to commercial airlines in airports across the U.S.  The strong Prospect brand is recognized by passengers and its airline customers for a commitment to employee training, outstanding customer service and safety.  The Company’s 10,000+ employees operate in 33 U.S. airports with a focus on providing wheelchair services and cabin cleaning services to major passenger airlines in the U.S.

Unifi, with over 25 years of experience in aviation services, has excelled by integrating expertise in ground services, security and innovation. With stations in over 200 airports, Unifi’s 20,000+ employees provide a full range of ground aviation services, from ticketing and ground handling to cabin cleaning and cargo. Unifi has been consistently ranked as a top provider in the industry that has built an agile service organization where local leaders are empowered to make local decisions across a global network.

President and CEO of Prospect, Vicki Strobel, shared, “The Strobel family is very proud of the organization that our parents founded and that we have had the opportunity to continue delivering on Prospect’s mission to provide exemplary service to our airline customers while providing career growth and opportunities for our employees.  We are very appreciative of the Prairie team for providing professionalism, expertise and a tireless work ethic during the transaction process.  This transaction would not have been possible without their guidance.”

“The Prairie team is thrilled to have had the opportunity to advise the Strobel family and the Prospect team in this transaction. The cultural similarities between Prospect and Unifi as well as the scale of the combined organization create a strong strategic fit that is well positioned for the future,” said Tim Witt, Managing Director at Prairie. Darrell Smith, Vice President at Prairie added, “This transaction represents another successful engagement completed by Prairie’s Investment Banking group as we continue our dedication to serving family, ESOP and private equity owned businesses.

About Prairie Capital Advisors

Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. For more information, visit www.prairiecap.com.

Media Contact
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com