Harris Williams & Co. Advises Keg Logistics, LLC on its Sale to Seaport Capital

July 19, 2017

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 Keg Logistics, LLC (Keg Logistics), a portfolio company of Bregal Sagemount, to Seaport Capital (Seaport). Harris Williams & Co. served as the exclusive advisor to Keg Logistics, a leading provider of keg management and logistics services to brewery clients and distributors. The transaction was led by Joe Conner and Jershon Jones of Harris Williams & Co.’s Transportation & Logistics (T&L) Group, Bob Baltimore and Taylor Morris of the firm’s Business Services Group and Juliann Rienecker of the firm’s Richmond office.

“Keg Logistics and Bregal Sagemount successfully executed on a growth strategy that firmly positioned the company as a market leader in the keg management and logistics industry,” said Jershon Jones, a director at Harris Williams & Co. “We look forward to watching the continued growth and development of the company as it enters into its partnership with Seaport.”

“We have greatly enjoyed working with Keg Logistics’ management team and shareholders,” added Joe Conner, a managing director at Harris Williams & Co. “Favorable industry dynamics and numerous opportunities to grow both organically and through acquisitions bode well for the company’s continued success.”

“We have experienced significant growth and expanded our offering into the United Kingdom during our partnership with Bregal Sagemount,” said Chris Sapyta, CEO of Keg Logistics. “In working with Harris Williams & Co. we have found a great new partner in Seaport and we look forward to beginning the next chapter together.”

Keg Logistics is a leading provider of keg and equipment financing to over 1,000 breweries and wineries globally. Started by industry veteran, Chris Sapyta, Keg Logistics provides its customers with a flexible pathway to owning their own kegs and maximizing their growth and profitability. In addition to financing solutions, Keg Logistics manages both domestic and international logistics as well as third-party logistics support.

Bregal Sagemount is a growth-focused private capital firm with $1.7 billion in committed capital. Founded in 2012, the firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction into both control and non-control positions and will make equity and/or junior debt investments. Targeted sectors include software, digital infrastructure, healthcare IT services, business and consumer services and financial technology/specialty finance.

Founded in 1997, Seaport provides equity capital to middle market companies in the communications, business services and media sectors. Seaport works with talented management teams to create valuable companies that are leaders in their market segments. Seaport's extensive investing experience enables it to develop successful strategies; its relationships and resources help achieve them.

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 T&L Group serves companies in a broad range of attractive niches, including automotive and heavy duty vehicle, third-party logistics (3PL), truck, rail, marine and air transportation, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Business Services Group has experience across a variety of sectors, including facility services; environmental services; business process outsourcing; legal and insurance services; marketing and information services; professional services; payment processing and financial services; and education and training.  For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services 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.