Prairie Capital Advisors Inc. recently announced Dienen Inc. was sold to an employee stock ownership trust. Prairie Capital Advisors Inc. acted as exclusive financial advisor for sale of the company, according to a press release.
Dienen Inc. was founded in 2000 and is based in South Bend, Ind. According to the release, owners Bernie and Pam Veldman wanted an employee stock ownership plan in order to continue the company’s mission of “enriching and transforming lives.”
Dienen Inc. is the parent company of SureStep LLC and Midwest Orthotic Services (MOS) LLC.
SureStep manufactures custom orthoses and devices to assist children with mobility challenges.
SureStep is a leading manufacturer of custom-made orthotic devices and devices to assist children with a wide range of mobility challenges. MOS operates 11 O&P clinics that focus primarily on pediatric care in Indiana, Kentucky, Texas, Missouri and Illinois.
Terms of the transaction were not disclosed.