Madison Street Capital Advises Professional Pipe, Inc. (“PPI”) on Its Majority Recapitalization by KJM Capital, LLC

Chicago, IL, April 12, 2018 --(PR.com)-- Madison Street Capital, an international investment banking firm, served as exclusive advisor to Professional Pipe, Inc. (“PPI”) on the majority recapitalization of its business by KJM Capital, LLC. PPI designs and installs process piping to manufacturing facilities, including the nation’s largest poultry processors. The transaction was announced by Charles Botchway, CEO of Madison Street Capital and led by Senior Managing Director Lester “Jay” Rodgers. Terms of the transaction were not disclosed.

“It was a long and challenging process and we’re very grateful for the advice and counsel of Jay Rodgers and the team at Madison Street Capital. We couldn’t have done this without them,” said John Tyson, President of PPI.

“We are pleased to partner with the entire PPI team to continue its success in providing process piping services to the food and refrigeration industries,” said Kenneth Meister of KJM Capital, LLC. “We look forward to becoming the industry leader in this space.”

"Our congratulations to the great team at PPI. The consistency of the company’s performance over its 40-plus year history has been truly exceptional," added Jay Rodgers. "Part of our mission is to align entrepreneurs with the right strategic partner. The experience and deep industry relationships that KJM Capital brings to the table will catapult PPI to the next level.”

About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com

About Professional Pipe, Inc.
PPI was founded in 1972 in North Carolina as a piping contractor for the textile industry. Since 2006 PPI pivoted its focus to food processing plants. Now, in its second generation, PPI provides equipment and piping installation services primarily to poultry processors. PPI does projects for new construction, renovations, replacements, and general facility maintenance in its clients’ facilities.

About KJM Capital, LLC
KJM Capital, LLC was founded by Kenneth J. Meister and his partners to acquire leading lower to middle market companies that serve business customers. KJM Capital, LLC desires to partner with existing owners by providing operational expertise, including software applications and accounting/finance, to support continued growth with a focus on delivering an exceptional customer service. For additional information please visit http://www.kjmcapital.com.