Harris Williams & Co. Advises Apache Industrial Services on its Sale to Quantum Capital
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Apache Industrial Services (Apache) to Quantum Capital (Quantum) and Apache’s simultaneous merger with Skyway Canada (Skyway). Skyway is a portfolio company of Quantum. Apache is a leading provider of multi-craft industrial services to the petrochemical, agricultural chemical, refinery, power generation, offshore energy and general industrial markets. Harris Williams & Co. served as the exclusive advisor to Apache, a portfolio company of MML Capital Partners (MML). The transaction was led by Drew Spitzer, Matt White, Tiff Armstrong, Chris Burnham and Adam Daigle of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.
“Apache has distinguished itself as an industry leader in multi-craft services through a demonstrated track record of growth and unrelenting focus on its craftsmen and customers,” said Drew Spitzer, a managing director at Harris Williams & Co. “The transaction illustrates continued buyer interest in high-quality infrastructure services platforms in North America.”
“Apache marks the seventh successful infrastructure services transaction for Harris Williams & Co.’s EPI Group over the past nine months,” said Matt White, a managing director at Harris Williams & Co. “The acquisition by Quantum and combination with Skyway positions the business for substantial growth in the future.”
Headquartered in Houston, Texas, Apache provides a comprehensive suite of services including scaffolding, coatings and linings, refractory, fireproofing and insulation to critical infrastructure across the petrochemical, chemical and other process and general industrial end markets. Founded in 1996, Apache focuses on a performance with a sense of purpose strategy that delivers differentiated customer solutions and a culture of employee engagement.
MML is a leading pan-European and transatlantic independent investment firm. MML provides capital to businesses for expansion, acquisitions and recapitalizations, focusing predominately on minority investments and backing incumbent management teams. Providing a clear alternative to conventional private equity, the firm specializes in structuring investments using many levels of capital from debt to equity. MML has offices in the UK, U.S. and France.
Quantum is a Toronto headquartered private equity investment firm which invests on behalf of Jack Cowin, the founder and Executive Chairman of Competitive Foods Australia Ltd. which operates 400 Hungry Jack's restaurants and has a food processing division that exports to 29 countries. He is also chairman and the largest shareholder in Domino's Pizza Enterprises, the listed Australian franchisee of the U.S. parent company.
Skyway, a leading Canadian provider of scaffold and shoring solutions headquartered in Toronto, Ontario, has deep industry experience and expertise in the design, engineering, delivery and maintenance of their solutions. Skyway takes an innovative approach to developing the right solution for every project which ensures production, efficiency, cost-effectiveness and on-time completion.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.
Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including oil and gas equipment and services, energy efficiency and clean tech, industrial and infrastructure services, power products and technology, engineering and construction and environmental services. For more information on the firm’s energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.