OAKBROOK TERRACE, Ill. — Packard Inc. has been acquired by DiversiTech Corp. Prairie Capital Advisors Inc. acted as the exclusive financial advisor in this transaction to Packard and its shareholders and was led by Michael McGinley and Tim Witt of Prairie. Terms of the transaction were not disclosed.

“We are honored to have advised Packard on this transaction,” said Michael McGinley, managing director at Prairie. “We believe that the company’s commitment to product quality and customer service will contribute to DiversiTech’s continued growth as a leading manufacturer and supplier of HVACR and other related products and are excited for the significant wealth creation for Packard’s employees through the sale of the ESOP-owned company.”

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