Prairie Capital has sold portfolio company Navman Wireless, a fleet and asset management company, to Danaher (NYSE: DHR). It will function as a standalone Danaher operating company, retaining its brand, personnel and locations. Based in Glenview, IL, Navman offers GPS-enabled fleet tracking solutions to small and mid-sized enterprises and customized GPS technologies to original equipment manufacturers. Prairie provided $13.9 million in preferred and common equity to support the management team's carveout of the company from Brunswick (NYSE: BC) in 2007.
