Harris Williams & Co. Advises Controlled Products Systems Group on its Sale to The Duchossois Group, Inc.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Controlled Products Systems Group, Inc. (CPSG), a national distributor of perimeter access control and gate automation security systems, to The Duchossois Group, Inc. (TDG). CPSG is a portfolio company of Najeti Ventures LLC and Pilgrim Capital Partners, LLC. Harris Williams & Co. acted as the exclusive advisor to CPSG. The transaction, which closed on September 2, 2014, was led by Bob Baltimore and David Kennedy of Harris Williams & Co.’s Specialty Distribution Group.
“CPSG President Brian Huitt and his senior leadership team have done a remarkable job building the platform and creating an industry leader in the security and access control space,” said Bob Baltimore, managing director and co-head of Harris Williams & Co.’s Specialty Distribution Group. “The company has exhibited an impressive track record of growth, and we wish Brian and the team continued success.”
“The company has done an exceptional job executing its strategic plan and is poised to capitalize on its new partnership with TDG, which has a strong track record in the sector,” added David Kennedy, director in Harris Williams & Co.’s Specialty Distribution Group.
CPSG is the largest wholesale distributor of perimeter access control equipment in the US, supplying equipment to authorized dealers from coast to coast. CPSG offers the highest quality, most widely recognized brands of access control products available on the market. With more than 10,000 SKUs and 31 locations to serve its customers, CPSG is a one-stop shop for customers’ gate automation and perimeter access control needs.
Najeti Ventures LLC is a private equity and venture capital arm of Najeti SAS specializing in late venture, growth capital, middle markets, recapitalizations, and buyouts. The firm prefers to invest in consumer products, specialty retail, industrial products, distribution, and clean technology sectors. It typically invests in low and mid cap companies based in the U.S. The firm was founded in 2000 and is based in Southbury, CT.
Pilgrim Capital Partners, LLC is a private equity firm focused on investing in management led buyouts, change of ownership, and growth capital investments. The firm targets established and profitable companies in the lower-middle market with a focus on the light manufacturing, value-added distribution and business service sectors. Pilgrim Capital Partners was founded in 2006 and is based in Fairfield, CT.
The Duchossois Group, Inc., headquartered in Elmhurst, IL, is a privately held, family-owned operating and investment company. Driven by an entrepreneurial spirit and solid operating experience, the company builds its companies by providing management support, capital resources and a long-term commitment to growth. In addition to significant investments in the access control solutions market, TDG invests in public and private companies, private investment funds, co-investment opportunities, real estate and leasing through Duchossois Capital Management.
Harris Williams & Co. (www.harriswilliams.com), a member 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 & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Specialty Distribution Group has experience across a variety of sectors, including specialty catalog and direct marketing; branch-based distributors; automotive and heavy duty aftermarket; building and construction products; consumer; industrial, MRO, and safety; healthcare; technology; electrical and communications; alcohol, tobacco, and fire arms; and environmental services. For more information, visit the Specialty Distribution Group’s section of the Harris Williams & Co. 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 authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.