Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive investment banker to Proos Manufacturing, Inc. (“Proos”) on its sale to Westbourne Capital Partners (“WCP”), a Chicago-based private investment firm, in partnership with Samson Investment Partners, a single family office located in New York and Dallas, and several other family office investors. This transaction adds to GCG’s extensive experience within the Industrials and Manufacturing sector.
Proos has a long history in the West Michigan marketplace, with its Grand Rapids roots dating back to 1919. Proos is a leading designer and manufacturer of highly engineered chute, shelf and workstation solutions for the material handling industry. The Company works closely with a wide variety of material handling integrators to deliver large-scale e-commerce fulfillment solutions for end-users such as Amazon, UPS and FedEx as well as other omni-channel players. The Company specializes in providing highly engineered solutions that meet stringent end-user specifications and minimize the time and labor required for installation. Headquartered in Grand Rapids, Michigan, Proos employs over 140 team members in Western Michigan.
About Westbourne Capital Partners
Headquartered in Chicago, IL, Westbourne Capital Partners has been partnering with family offices to deploy capital into direct investments in private companies and has a successful track record consulting with and investing in family-owned enterprises. WCP’s primary focus is within the food and manufacturing sectors.
Click here for the official press release from WCP.