Harris Williams & Co. Advises HMT on its Sale to Tailwind Capital

December 7, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised HMT LLC (HMT), a portfolio company of Berkshire Partners, on its sale to Tailwind Capital. HMT is a leading provider of aboveground storage tank products and services to the midstream and downstream energy sectors. The transaction was led by Drew Spitzer, Matt White, Luke Semple, Ian Thomas and Michael Drummond of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.

“HMT is the established market-leading provider of aboveground storage tank services and products with a recognized global brand in the sector. We are excited to have represented the company’s shareholders and management on this transaction and look forward to following HMT’s future success,” said Drew Spitzer, a managing director at Harris Williams & Co.

“We continue to see strong interest in high-quality infrastructure services platforms in North America, and HMT represents another successful outcome for Harris Williams & Co. in the infrastructure services space,” said Matt White, a managing director at Harris Williams & Co.

HMT, founded in 1978, is a global leader in aboveground storage tank solutions. HMT offers a comprehensive solution for its customers and provides technical, mission-critical repair and maintenance services complemented by a portfolio of highly-engineered products, including seals, domes and floating roofs. HMT’s customized solutions help tank operators increase efficiency and optimize tank operations.

Berkshire Partners, a Boston-based investment firm, has made over 115 investments since its founding in 1986 and has raised nine private equity funds with more than $16 billion in aggregate capital commitments. Berkshire Partners has developed industry experience in several areas including consumer and retail, communications, business services, industrials and healthcare. Berkshire Partners has a strong history of partnering with management teams to grow the companies in which it invests with the goal of consistently achieving superior investment returns.

Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since inception, Tailwind has managed funds with over $3 billion of committed equity capital, having invested in 35 portfolio companies and over 55 add-on acquisitions.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary 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 industrial and infrastructure services, oil and gas equipment and services, energy efficiency and clean tech, 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 a 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.