Harris Williams Advises Cold Chain Technologies on its Pending Sale to Aurora Capital Partners

July 24, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising Cold Chain Technologies (CCT) on its pending sale to Aurora Capital Partners (Aurora). CCT is a leading global provider of reusable and single-use passive thermal packaging solutions for the shipment of temperature-sensitive materials, principally serving the life sciences supply chain. CCT’s products are used in many segments of the life sciences industry, including commercial manufacturing, clinical trials, specialty pharmacy compliance and direct-to-patient shipments. The transaction is being led by Paul Hepper, Cheairs Porter, Ben Bloomfield, Nathan Robertson and Zach Prohaska of the Harris Williams Healthcare & Life Sciences (HCLS) Group and Brad Morrison of the firm’s Industrials Group.  

“Larry Gordon, CEO of CCT, and the rest of the CCT management team have built an industry-leading platform that is focused on providing its customers with the best products to uniquely address their specific needs,” said Paul Hepper, a managing director at Harris Williams. “CCT’s broad product portfolio and deep industry expertise position the company to capitalize on the tremendous growth in temperature-sensitive pharmaceutical and life sciences products.”

“Through a focus on advanced engineering and technical expertise, CCT continues to develop innovative and differentiated packaging solutions for incredibly demanding applications,” said Brad Morrison, a director at Harris Williams. “We can’t wait to watch CCT continue to evolve and accelerate in its next chapter with their new partners.”

CCT is a leading global provider of reusable and single-use passive thermal packaging solutions for the shipment of temperature-sensitive material, principally serving the life sciences supply chain. With more than 50 years of ensuring product safety in transit, CCT has built a reputation as the industry’s most innovative and reliable provider to the largest global life sciences OEMs and distributors.

Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams HCLS Group has experience across a broad range of sectors, including medical devices, products and distribution; multi-site and retail healthcare providers; alternate site care; healthcare IT; managed care and cost containment services; outsourced clinical services; and outsourced pharma services.  For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams website.

The Harris Williams Industrials Group has experience across a variety of sectors, including packaging; advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; and industrial technology. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd 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 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.