Harris Williams Advises Precision Global on its Sale to ONCAP
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 Precision Global, a portfolio company of Peak Rock Capital (Peak Rock), on its sale to ONCAP. Precision Global is a leading provider of dispensing solutions. The transaction was led by John Arendale, Patrick McNulty, Jeff Perkins, Brad Morrison, Brandt Carr and Chuck Walter of Harris Williams’ Industrials Group.
“Through its partnership with Peak Rock, Precision Global has reaffirmed its position as a leading global provider of dispensing solutions,” said John Arendale, a managing director at Harris Williams. “Favorable industry dynamics as well as strong opportunities to continue to grow both organically and through acquisitions bode well for the company’s continued success.”
“It has been a pleasure working with Precision Global’s management team and shareholders,” added Brad Morrison, a director at Harris Williams. “We are excited to see the company, with the support of its new partner, build on its existing leadership position and execute management’s growth strategy.”
Founded in 1949, Precision Global invented the modern aerosol valve and is today a leading global provider of dispensing solutions, producing over four billion valves and two billion actuators annually. Within the dispensing solutions industry, the company supplies a variety of attractive and growing end markets, including personal care, household, food & beverage, industrial and pharmaceutical. Headquartered in South Carolina, Precision Global employs over 1,500 people and operates a multinational network of 18 facilities spanning 15 countries on six continents.
Peak Rock is a leading middle market private equity firm that makes equity and debt investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock's principals have deep expertise in complex situations and cross-border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities.
ONCAP is the mid-market private equity platform of Onex (TSX: ONEX), one of the oldest and most successful private equity firms. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential.
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’ 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.
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.