Harris Williams & Co. Advises Ministry Brands on its Investment from Insight Venture Partners

December 27, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces that it advised Ministry Brands, a portfolio company of Genstar Capital, LLC (Genstar) and Providence Equity Partners’ Strategic Growth Fund (Providence), on an investment by Insight Venture Partners (Insight). Ministry Brands is a leading provider of cloud ERP and payments software to manage the operations of member-based organizations, including faith-based and educational institutions. The transaction was led by Jeff Bistrong, Mike Wilkins, Tyler Dewing, Priyanka Naithani, Andy Leed, Brooks Hopple and Scott Reinig of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group.

Jeff Bistrong, a managing director at Harris Williams & Co., stated, “Building relationships with innovative technology entrepreneurs, like Ross Croley (CEO, Ministry Brands), and helping them rapidly scale their business through multiple recapitalizations is core to what we do. We expect to continue to assist the company as it sustains its meteoric growth.”

“Ministry Brands has been at the forefront of consolidation within the non-profit and membership management software segment, which we are continuing to see transform,” added Mike Wilkins, a managing director at Harris Williams & Co. “We have truly enjoyed working with the Ministry Brands management team and look forward to following the company’s continued evolution and success.” 

Tyler Dewing, a director at Harris Williams & Co., stated, “Member-based organizations across numerous verticals are increasingly demanding integrated software and payment platforms to enhance their value propositions, improve retention and expand their reach. Ministry Brands has continued to capitalize on this trend by broadening its solution suite and expanding into new sectors. The growth in integrated member-based solutions is creating very interesting opportunities across both the FinTech and software ecosystems.”

Ministry Brands is a leading provider of an end-to-end, SaaS-based technology platform to member-centric organizations, including faith-based organizations (FBOs) and K-12 private education institutions. The company’s comprehensive software solution suite manages every aspect of customers’ operations including giving/payments, member management and engagement (CRM), content management/website, financial accounting, messaging, learning management and mobile. Ministry Brands has a strong portfolio of over 20 brands and serves over 60,000 customers.

Genstar is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the industrial technology, financial services, software and healthcare industries.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Their mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success.

Providence, headquartered in Providence, Rhode Island, pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in over 140 companies and has become the leading equity investment firm focused on the media, communications, education and information industries.

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 TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, membership management, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice.  Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT 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.