Harris Williams Advises ONICON on its Sale to TASI Holdings, Inc., a Berwind Company

April 23, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Flow Control Enterprises, Inc. (ONICON), a portfolio company of Harbour Group Industries, Inc. (Harbour Group), on its sale to TASI Holdings Inc. (TASI), a portfolio company of the Berwind Group. ONICON is a leading global provider of precision flow, level and specialty measurement solutions to an array of diverse end markets and niche applications. The transaction, led by John Arendale, Giles Tucker, Jeff Perkins, Eric Logue, Jenson Dunn and Chris Toussaint of Harris Williams’ Industrials Group, extends the firm’s experience in the industrial technology sector.

“ONICON’s management team and Harbour Group have done a fantastic job building a market leading precision flow and measurement platform with exciting new product developments that will continue to drive growth for years to come,” said John Arendale, a managing director at Harris Williams. “We are thrilled to have found a great partner in TASI that shares in management’s strategic vision for the business, and we are excited to watch their collective success.”

“We are truly honored to have worked with Harbour Group and the ONICON team on this transaction and wish ONICON continued success as they embark on this next chapter with TASI,” said Giles Tucker, a managing director at Harris Williams. “The sale of ONICON represents another marquee transaction for Harris Williams and strengthens our track record of exceptional results in the industrial technology sector.”

Headquartered in Largo, Florida, ONICON is a leading provider of precision flow, level and specialty measurement solutions, supporting diverse end markets and niche applications. Through its portfolio of highly recognizable brands, ONICON offers a broad range of proprietary and highly engineered solutions. The company’s application-specific technology and leading service capabilities enable customers to reliably and accurately measure resource usage and increase process efficiency, often in complex and regulated environments.

Harbour Group is a privately owned, operations-focused firm based in St. Louis, Missouri. Harbour Group's companies are engaged in product-oriented manufacturing of proprietary technologies and niche, value-added distribution across diverse industries. Since its founding in 1976, Harbour Group has acquired over 200 companies across 45 different industries.

TASI is a leading global provider of highly engineered test, measurement, inspection and automated assembly systems and solutions for mission critical applications. TASI serves a diverse customer base in the automotive, transportation, life sciences, food and beverage, consumer goods, energy, industrial and pharmaceutical markets.  It is comprised of four technologically advanced strategic business segments commonly linked by a disciplined focus on product integrity, package integrity, automation and flow.

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 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.