Harris Williams Advises NSC Minerals Ltd. on its Sale to Kissner Group Holdings LP

January 17, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised NSC Minerals Ltd. (NSC), a portfolio company of Altas Partners (Altas), on its sale to Kissner Group Holdings LP (Kissner). The transaction was led by Tim Webb, Ty Denoncourt and Peter Grace of the Harris Williams’ Industrials Group and Joe Conner and Jeff Burkett of the firm’s Transportation & Logistics (T&L) Group.

“We love working with great companies like NSC with its market-leading position, superior customer-service and strong management team,” said Tim Webb, a managing director at Harris Williams. “Kissner will be a great strategic partner for the business as it continues to grow.”

“The NSC transaction represents another superb outcome for Harris Williams' Industrials and T&L Groups,” said Jeff Burkett, a director at Harris Williams. “This adds to our considerable expertise in ‘core plus’ infrastructure assets and bulk logistics.”

NSC is a leading producer of salt and calcium chloride products to provincial, state and municipal governments, contractors and industrial customers. The company offers a wide range of bulk, industrial and packaged products used in critical applications such as road de-icing.

Altas is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.

Kissner Group Holdings LP is the parent company of Kissner and is owned by Metalmark Capital Holdings LLC (Metalmark Capital), a private equity firm, Silvertree‐KMC II LP, a venture between Silverhawk Capital Partners and Demetree Salt, LLC, and the Kissner management team.

Headquartered in Overland Park, Kansas, Kissner is a leading, vertically integrated bulk salt, specialty packaged salt and evaporated salt producer focused on governmental and commercial customers in the Great Lakes, Great Plains, Midwest and East Coast regions and Ontario province. Kissner owns and operates two rock salt mines located in Detroit, Michigan and Lyons, Kansas, as well as an evaporated salt business, US Salt, which has a salt refinery in Watkins Glen, New York.

Metalmark Capital is a leading private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders and executives. The firm focuses its investment activity in growth industrials, natural resources, agribusiness and healthcare. Metalmark Capital manages funds with $3.7 billion in aggregate capital commitments.

Silvertree-KMC II LP is a special purpose vehicle, led by Silverhawk Capital Partners and Demetree Salt, LLC.

Silverhawk Capital Partners is an independent investment group established in 2005 to invest in management buyouts and other private equity transactions in the growth industrial, energy/natural resources and business service sectors. The partners of Silverhawk have invested as a team and operated businesses since 1989, and have successfully deployed more than $1.3 billion of capital.

Demetree Salt, LLC is a family investment office.

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).

Harris Williams’ Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. 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’ T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, automotive and heavy duty vehicle, 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 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.