Prophet Equity’s Sale of Ace Asphalt of Arizona, Inc.

Jackson Walker advised Prophet Equity on the deal.

Prophet Equity announced the sale of its portfolio company Ace Asphalt of Arizona, Inc., a leading exterior facility services platform focused on providing parking lot maintenance and repair and comprehensive site development services for paved and concrete services. The transaction closed on March 3, 2021, for an undisclosed amount.

Based in Southlake, Texas, Prophet Equity uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation.

Representing Prophet Equity and Ace Asphalt in the transaction was a multidisciplinary team of Jackson Walker attorneys led by Kevin A. Jones (Picture) and including Adrian Allen, Nathan T. Smithson, Peter K. Wahl, and Greta E. Cowart.

Involved fees earner: Adrian Allen – Jackson Walker L.L.P.; Greta Cowart – Jackson Walker L.L.P.; Kevin Jones – Jackson Walker L.L.P.; Nathan Smithson – Jackson Walker L.L.P.; Peter Wahl – Jackson Walker L.L.P.;

Law Firms: Jackson Walker L.L.P.;

Clients: Prophet Equity;

Martina Bellini

Author: Martina Bellini