Harris Williams Advises Authority Brands on its Sale to Funds Advised by Apax Partners

September 25, 2018

Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Authority Brands, LLC (Authority Brands), a portfolio company of PNC Riverarch Capital (PNC Riverarch), on its sale to funds advised by Apax Partners LLP, a leading global private equity advisory firm. Headquartered in Columbia, Maryland, Authority Brands is a leading home services franchisor. The transaction was led by Brent Spiller, John Neuner, Corey Benjamin and Zach Ledwith of Harris Williams’ Consumer Group.

“We are extremely excited to have represented Authority Brands on its sale to the Apax Funds,” said Brent Spiller, a managing director at Harris Williams. “Authority Brands is a premier platform in the franchise home services space and we look forward to seeing the continued growth under the Apax Funds’ ownership and the leadership of CEO Rob Weddle and his team.”

“This transaction marks another pivotal trade in the franchising and consumer services space for Harris Williams,” said John Neuner, a managing director at Harris Williams. “We are excited to see the Authority Brands vision come to fruition and look forward to advising our clients on many more successful transactions in the space.”

Authority Brands is the parent company of two leading home services franchisors: The Cleaning Authority and Homewatch CareGivers. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational support. Authority Brands supports more than 300 franchise locations in the United States, Canada and Latin America.

PNC Riverarch is a middle market private equity firm which invests in privately held companies headquartered in North America. The firm seeks well-positioned companies where it can invest $10 million to $50 million of capital in support of leveraged and management buyouts, recapitalizations, corporate divestitures and growth financings. PNC Riverarch invests across a variety of industry sectors, including outsourced business services, specialized manufacturing, value-added distribution and consumer products and services. Since 2011, PNC Riverarch has deployed over $500 million of capital across 18 platform companies and numerous add-on acquisitions.

Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams’ Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail.  For more information on Harris Williams’ Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which 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 is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.