Harris Williams & Co. Advises Safway Group on its Merger with Brand Energy & Infrastructure Services, Inc.

June 22, 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 served as the exclusive financial advisor to Safway Group on its merger with Brand Energy & Infrastructure Services, Inc. (BEIS). The transaction was led by Drew Spitzer, Matt White, Brian Lucas and Ian Thomas of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.

Brand Industrial Services, Inc. (Brand) is the new name for the combined company. With nearly $5 billion in revenue, approximately 32,000 employees worldwide and over 350 locations in 30 countries, Brand is a leading provider of specialized services to the global industrial, commercial and infrastructure end markets. The combined company has the global footprint, comprehensive service offerings and rigorous operating processes necessary to support customers’ required facility maintenance, turnaround and refurbishment needs as well as new construction, capital-driven upgrades and expansion plans.

With more than 115 locations in the U.S. and Canada and distribution channels worldwide, Safway Group delivers high-performance multiservice solutions – THE SMART WAY®. Offering the widest range of equipment and the deep expertise in access, scaffolding, insulation, fireproofing and coatings, Safway Group companies include All-American Scaffold; CL Coatings; Dalco; Industrial Coatings & Fireproofing; MobleySafway; New England Scaffolding; Redi Solutions; Safway Atlantic; Safway Services; Safway Services Canada; S&E Bridge & Scaffold and Swing Staging. With the most advanced engineering team; an exclusive project management system; award-winning safety; market-leading brands including Spider®, Power Climber® and Power Climber Wind® and proprietary products like the QuikDeck® Suspended Access System, Safway Group companies design and implement innovative, quality solutions at the lowest total installed cost for projects of any size and scope. Safway Group has been an industry leader since 1936 and serves commercial construction, elevator, infrastructure (bridges, railroads, airports, shipping ports, stadiums and arenas), manufacturing, marine, petrochemical, power (traditional and renewable) and oil and gas customers worldwide.

BEIS is a premier provider of specialized services to the global energy, industrial and infrastructure markets. BEIS combines a global footprint, broad service offerings and rigorous operating processes to support customers’ required facility maintenance and turnaround needs and capital-driven upgrade and expansion plans.  BEIS’s range of services includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring and other complementary specialty services. BEIS delivers services through a global network of more than 210 strategically located branches on six continents, with a particular focus on the major hydrocarbon and power generation markets. In addition, BEIS has over 140 co-located branches at energy-related customer facilities providing a consistent presence for required maintenance work. BEIS maintains an extensive field service organization consisting of skilled craftspeople capable of providing various industrial services to customers. BEIS’s global presence and established customer base provides a platform for continued maintenance-driven growth while also positioning the company to capitalize on increases in capital and infrastructure spending across its served markets.

Clayton, Dubilier & Rice, which has owned BEIS since 2013, is the controlling shareholder of the combined company. Odyssey Investment Partners, LLC, which acquired Safway Group in 2009, has exited its investment.

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.