• Pratt Miller is a leading product development company that specializes in advanced engineering, technology and innovation across the defense, mobility and motorsports markets

• Oshkosh Corporation is an ideal partner for Pratt Miller’s continued growth

• The sale executed by Mesirow highlights the firm’s expertise within the aerospace and defense sectors

CHICAGO, January 28, 2021 – Mesirow acted as exclusive financial advisor to Pratt Miller Engineering & Fabrications, Inc. (“Pratt Miller” or the “Company”) on its sale to Oshkosh Corporation (NYSE:OSK) (“Oshkosh”), a leading designer and manufacturer of mission-critical vehicles and essential equipment used in numerous end markets and applications.

Headquartered in New Hudson, MI, Pratt Miller is a full ground vehicle development company that specializes in advanced engineering, technology and innovation across the defense, mobility and motorsports markets. Founded in 1989, the Company’s vertically-integrated and industry-leading product development processes are responsible for significant advances in dynamic growth areas such as artificial intelligence, robotics, autonomous and connected systems & electrification. The acquisition of Pratt Miller will strengthen Oshkosh’s capabilities, technology platform and value proposition while positioning both companies for strategic growth.

“Mesirow provided exemplary guidance throughout this process, demonstrating the attractiveness of the existing Pratt Miller platform while underscoring significant growth potential driven by the Company’s heritage of solving its customers’ most complex and technical challenges,” said Matt Carroll, CEO of Pratt Miller. “The team employed their deep knowledge of the defense sector and industry relationships to facilitate this ideal partnership for the Company.”

Adam Oakley, Managing Director of Mesirow Investment Banking, commented, “We were honored to advise Pratt Miller throughout this transaction. We believe the Company’s world-class employees and advanced engineering & technology platform will continue to thrive in partnership with Oshkosh, enabling continued innovation and sustained growth.”  

The sale of Pratt Miller to Oshkosh Corporation represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the aerospace and defense sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was also recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain’s Chicago Business.

About Pratt Miller
Founded in 1989 and headquartered in New Hudson, MI, Pratt Miller is a vertically-integrated product development company that utilizes advanced engineering, technology and innovation to solve its customers most complex and technical challenges across the defense, mobility and motorsports markets. Built on a heritage of consistent motorsports success at the highest levels, Pratt Miller has established world-class engineering capabilities focused on emerging growth segments including robotics, autonomy, electrification and security, among others.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Pratt Miller, Oshkosh Corporation, or their affiliates. Past performance is not indicative of future results. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.