Harris Williams & Co. Advises Agdata in its Sale to SFW Capital Partners, LLC
Harris Williams & Co. announces that Agdata, a division of AGDATA, L.P., owned by founder Verl Purdy and Carousel Capital (Carousel), has been purchased by SFW Capital Partners, LLC (SFW). Harris Williams & Co. acted as the exclusive advisor to Agdata. Both Mr. Purdy and Carousel have retained an interest in the company, and Mr. Purdy will continue to serve on the Agdata Board of Directors. The transaction was led by Garin Arevian and Rahul Swani from the firm's Technology, Telecom & Digital Media (TTDM) Group, and Turner Bredrup from the firm's Richmond office. Terms of the transaction were not disclosed.
Agdata provides mission-critical strategic data solutions, including outsourced database management, marketing program administration, data collection and data analysis services to the agriculture, crop protection and animal health industries.
Carousel is a private investment firm that invests in companies located in the Southeastern United States. Carousel's investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 28 companies in three targeted growth sectors: business services, consumer products and services, and healthcare services.
SFW is a private equity firm that invests with management in mid-sized companies providing analytical tools and services, including instruments, information and software. As a team, the partners at SFW have supported some of the most successful and well-regarded companies in its target markets.