News

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised AIT Worldwide Logistics (AIT), a portfolio company of Quad-C Management (Quad-C), on its sale to The Jordan Company (TJC) in a recapitalization valued at over $1.2 billion. AIT President and CEO Vaughn Moore and his senior team will continue to lead the business and will remain significant investors in AIT. AIT is a leading non-asset-based global freight forwarder. The transaction was led by Jason Bass, Jeff Burkett, Frank Mountcastle, Jonathan Meredith, Trey Balson and Brett Bordlee of the Harris Williams Transportation & Logistics (T&L) Group.

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised TricorBraun, a portfolio company of AEA Investors LP (AEA), on its sale to funds managed by Ares Management Corporation’s Private Equity Group (Ares Management) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’). As part of the transaction, AEA will continue to hold a minority stake in the company alongside Ares Management, Ontario Teachers’ and the TricorBraun management team. TricorBraun is North America’s largest primary packaging distributor and one of the largest providers of packaging in the world. The transaction was led by Bob Baltimore, Graham Gillam and Bill Greven of the Harris Williams Specialty Distribution Group and Brandt Carr and Dan Savage of the firm’s Industrials Group.