a portfolio company of
has been acquired by
PMCF Investment Banking (“PMCF”) is pleased to announce it served as the exclusive investment banker to Pro-Vision Midco LLC (“Pro-Vision” or the “Company”), a portfolio company of JMC Capital Partners, in its sale of a majority interest to Vance Street Capital (“Vance Street”).
Headquartered in Grand Rapids, Michigan, Pro-Vision is an end-to-end mobile video solution provider that specializes in designing, assembling, and bundling a comprehensive and customizable suite of video solutions for critical asset monitoring. Pro-Vision’s cameras, monitors, recording & storage devices, managed install services, and Video-as-a-Service (“VaaS”) software platform provide customers a clear and tangible ROI related to cost savings (e.g., insurance savings) as well as enhanced safety and reduced liability (e.g., accident reduction, improved driver performance). The Company serves the commercial, K-12 transit, and public safety end markets.
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, life science, industrial technology, and aerospace & defense sectors. Vance Street works with management teams and family owners to accelerate revenue growth, improve operations, and acquire strategic assets for the companies in their investment portfolio. John LeRosen, partner at Vance Street Capital, commented “Pro-Vision has an impressive history of product innovation across hardware, firmware and software, as well as in growing and executing on its pipeline across new and existing end markets. Pro-Vision is a great representation of the type of businesses Vance Street looks to invest in.”
Mike Finn, CEO of Pro-Vision, stated, “On behalf of the entire Pro-Vision team, we couldn’t be more excited to begin this next chapter with Vance Street. This partnership gives us the green light to invest in the business, both organically and through M&A, and will allow us to continue to focus on providing our customers with the highest quality mobile safety and security products and services. Vance Street brings a complementary, growth-oriented playbook geared toward fine-tuning our strategy and processes, which is a perfect fit for our organization.”
PMCF served as exclusive investment banker to Pro-Vision, managing the entire transaction process. JMC Capital’s Senior Partner, Michael D’Amelio, remarked, “The investments we made in the Company during our ownership period have positioned Pro-Vision as a leader in a dynamic, growing market. Management did an exceptional job growing the platform and being at the forefront of solution innovation. PMCF was instrumental in securing this outcome for us, having designed a sale process that resulted in tremendous interest for this business and ultimately led to a successful closing and a new partner for management with strong alignment.”
Joe Wagner, Managing Director of PMCF, added, “We were thrilled to manage the sale process for JMC and Pro-Vision. JMC Capital was an excellent steward for the Company during its ownership period, having transformed the business from a small founder-owned hardware business to an industry leading solutions provider with global reach and proven scale. We look forward to seeing Pro-Vision’s continued growth and traction with the Vance Street Capital team.”
The transaction closed in September 2024. Goodwin Proctor LLP served as the legal advisor to the Company.
About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity-owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on key industry verticals including business & technology services, manufacturing, distribution, transportation & logistics, plastics & packaging, healthcare, and consumer & retail industries.
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