News

Harris Williams Advises Groundworks on its Growth Capital Partnership with Cortec Group

January 21, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Groundworks, a portfolio company of Succession Capital Partners (Succession) and Matt Malone, Groundworks founder and CEO, on their growth capital partnership with Cortec Group (Cortec). Groundworks is the nation’s largest privately-held residential foundation services company and a rapidly growing residential services platform. The transaction was led by John Neuner, Brent Spiller, Zach Ledwith and Dylan Digmon of the Harris Williams Consumer Group. As part of the transaction, Succession will remain an investor in the company and Matt Malone will continue as CEO.

Harris Williams Enhances Senior Capabilities Across the Firm with 27 Promotions

January 15, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it has promoted 27 senior professionals from the firm’s Boston, London, Minneapolis, Richmond and San Francisco offices. The promotions expand the senior capabilities across the firm.

Harris Williams Advises teamtechnik Production Technology on its Sale of a Majority Stake to TDJ

January 14, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it has advised teamtechnik Maschinen und Anlagen GmbH (ttMA) on the sale of a majority stake in its subsidiary teamtechnik Production Technology Sp. z o.o. (ttPT) to TDJ S.A. (TDJ), a Polish family-owned investment company.

ttMA is an international market leader for production technology, assembly and functional test systems across the automotive, medical and energy industries. Its former Polish subsidiary ttPT focuses on next generation automotive assembly systems. The transaction, led by Jeff Perkins and Florian Ripperger of the Harris Williams Industrials Group, builds on the firm’s experience in the industrial technology sector and automation technology in particular.

Harris Williams Advises Ontellus on its Investment from Aquiline Capital Partners LLC

January 6, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Ontellus, a portfolio company of The CapStreet Group (CapStreet), on its majority investment from Aquiline Capital Partners LLC (Aquiline). The transaction was led by Derek Lewis, Anthony Basmajian, Bryce Walker and Maury Nolen of the Harris Williams Business Services Group. As part of the transaction, CapStreet will remain an investor in the company.

Harris Williams Advises United PF Partners on its Sale to American Securities

January 6, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised United PF Partners (United PF), a portfolio company of JLM Financial Partners (JLM) and Eagle Merchant Partners, on its sale to affiliates of American Securities LLC. Headquartered in Austin, Texas, United PF is the largest and fastest-growing area developer within the Planet Fitness system. The transaction was led by Ryan Budlong, John Neuner, Ed Arkus, Zach England and Bernardo Villar of the Harris Williams Consumer Group.

Harris Williams Advises Receipt Bank on its $73 Million Series C Capital Raise

January 3, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces Receipt Bank’s Series C capital raise of approximately $73 million (£55 million) in equity and debt, led by Insight Partners (Insight), joined by Augmentum Fintech plc (Augmentum), with participation from existing investors Kennet Partners (Kennet) and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank is one of the world’s leading digital bookkeeping platforms. The funds will be used to continue expansion in Europe, Australia and North America, and build on Receipt Bank’s award-winning product suite. The transaction, led by Thierry Monjauze, Tyler Dewing, Julien Oussadon, Sylvain Noblet and Mathew Tsui of the Harris Williams Technology, Media & Telecom (TMT) Group, builds upon Harris Williams’ experience in the fintech sector.

What’s ahead for M&A in 2020? We ask 8 advisors

Mergers & Acquisitions

January 2, 2020

To find out more about what to expect in dealmaking this year, Mergers & Acquisitions asked eight bankers and other advisors, including Derek Lewis, a Managing Director in the firm's Business Services Group, for their outlook on M&A in 2020.

Harris Williams Advises American Freight Group, Inc. on its Pending Sale to Franchise Group, Inc.

December 30, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising American Freight Group, Inc. (American Freight), a portfolio company of The Jordan Company (TJC), on its pending sale to Franchise Group, Inc. (Franchise Group; Nasdaq: FRG) in an all cash transaction valued at approximately $450 million. American Freight is a leading value furniture retailer with over 170 locations in the U.S. The transaction is being led by John Neuner, Brent Spiller, William McBride and Trey Shehan of the Harris Williams Consumer Group.

Harris Williams Advises Crisis Prevention Institute on its Sale to Wendel

December 26, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Crisis Prevention Institute (CPI), a portfolio company of FFL Partners (FFL), on its sale to Wendel, a premier European investment firm. CPI is a leading provider of behavior management and crisis prevention training programs. The transaction was led by Mike Wilkins and Andy Leed of the Harris Williams Technology, Media & Telecom (TMT) Group; Derek Lewis and Kel Wilburn of the Harris Williams Business Services Group; and Graham Rives of the firm’s Richmond office.

Harris Williams Advises Fitness World on its Pending Sale to PureGym

December 12, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising Fitness World, a portfolio company of FSN Capital, on its pending sale to PureGym, a portfolio company of Leonard Green & Partners (LGP) and the UK's largest gym operator. Fitness World is a leading fitness operator in Europe. The transaction, being led by Ed Arkus, Danielius Uznys and Krishna Patel of the Harris Williams Consumer Group, extends the firm’s experience in the fitness space. Recent Harris Williams fitness transactions include advising PureGym on its sale to LGP, Taymax on its sale to Trilantic North America and Impact Fitness on an investment by Morgan Stanley Capital Partners, among other transactions.

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