Prairie Capital Advisors, Inc. Announces the Sale of Schuber Mitchell Homes PBC, Inc. to an Employee Stock Ownership Plan

OAKBROOK TERRACE, IL – June 2, 2020 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as a financial advisor to Schuber Mitchell Homes PBC, Inc. in the sale of the company to an employee stock ownership plan.

Schuber Mitchell Homes designs and builds high-quality affordable homes. With communities in Arkansas and Missouri, the company seeks to develop solutions that are both replicable and sustainable in alignment with it’s business model to provide higher quality homes at entry-level pricing.

Prairie worked closely with the management team and sellers, providing advisory expertise and managing the preparatory, due diligence and negotiation phases of the transaction as well as structuring the financing for the transaction. Terms of the transaction were not disclosed. “We are excited to establish an ESOP which will allow our team to benefit from the future growth of the company,” says Daman Schuber, one of the selling shareholders of Schuber Mitchell Homes. “We value our partnership with Prairie’s team. Their expertise and guidance were essential in structuring the right ESOP plan for our needs.”

“We all know that home is where the heart is. This company was founded after a tornado destroyed much of Joplin, MO to help rebuild the community. Now, the ownership group of Schuber Mitchell Homes continues with their focus on community development with the sale of the Company to an ESOP,” commented Michael McGinley, Director of Prairie. “We are excited that the ESOP was the ideal strategy for the company and all of its stakeholders,” continued McGinley. Melissa Goetz, Vice President at Prairie added, “It was a pleasure working with the Schuber Mitchell team throughout the entire transaction process. The company has all of the essential characteristics to be a very successful ESOP company in the future.”

About Prairie Capital Advisors

Prairie offers investment banking, ESOP advisory, valuation advisory and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. Prairie was named the 2020 Valuations & Fairness Opinions Advisor of the Year by M&A Atlas. For more information, visit www.prairiecap.com.

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