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Tuesday, August 11, 2020

Southlake equity firm adds principal

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Southlake equity firm adds principal

Prophet Equity has announced that Donna Raine has expanded her role, joining the firm as principal.
“Having worked with Donna over the past several years, most recently as chief financial officer of Allegiance Crane & Equipment, which was successfully sold in November of 2019, we have all been impressed with her ability to effectively work with teams and deliver tremendous results. I am thrilled we have the opportunity to continue our successful work together at Prophet and drive even more value creation across our stable of strategically viable platforms and continuing acquisitions,” said Managing Partner Ross Gatlin.
Raine has decades of financial and operational expertise for lower and middle market companies across multiple industries.

“Having spent the majority of my career driving operational results while scaling businesses to enhance enterprise value in lower and middle market companies, Prophet Equity’s unique and solid approach to facilitate and accelerate fundamental value creation makes it a perfect partnership for me,” Raine said in the news release.
Prophet Equity is a private equity firm. The company said that over the last 20 plus years, Prophet Equity’s principals have invested in and managed more than $2.5 billion of value creation across entities with over $6 billion in revenue.

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