Harris Williams & Co. Advises EP Minerals, LLC, a Portfolio Company of Golden Gate Capital, on its Pending Sale to U.S. Silica Holdings, Inc.

March 23, 2018

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it is exclusively advising EP Minerals, LLC (EP Minerals), a portfolio company of Golden Gate Capital, on its pending sale to U.S. Silica Holdings, Inc. (NYSE:SLCA; U.S. Silica).  EP Minerals is a global producer of engineered materials derived from industrial minerals including diatomaceous earth (DE), clay (calcium bentonite) and perlite. The transaction, which is subject to customary closing conditions, is being led by Tim Webb, Patrick McNulty, John Lautemann, Ty Denoncourt and Chris Toussaint of Harris Williams & Co.’s Industrials Group as well as John Neuner of the firm’s Richmond office.

“The management team at EP Minerals has done a terrific job building a leading engineered materials platform with some exciting new product developments,” said Tim Webb, a managing director at Harris Williams & Co.  “We are thrilled to have found a great partner in U.S. Silica that shares in management’s strategic vision for the business.”

“This is the second time we have had the privilege to work with EP Minerals and we have enjoyed watching its transformation over time,” said Patrick McNulty, a managing director at Harris Williams & Co.  “Our firm has been extremely active across the broader industrials and specialty materials sectors, and the sale of EP Minerals represents another marquee transaction for Harris Williams & Co.”

EP Minerals, headquartered in Reno, Nevada, is a global producer of engineered materials derived from industrial minerals including DE, calcium bentonite and perlite. The company’s unique industrial minerals are used as filter aids, absorbents and functional additives for a variety of industries including food and beverage, biofuels, swimming pools, oil and gas, farm and home, landscape, sports turf, paint, plastics and insecticides. The company’s mines are located in Nevada, Oregon, Tennessee and Mississippi.

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures and recapitalizations, as well as debt and public equity investments.

U.S. Silica, a member of the Russell 2000, is a leading producer of commercial silica used in the oil and gas industry and in a wide range of industrial applications. Over its 118-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 200 products to customers across its end markets. The company currently operates nine industrial sand production plants and eight oil and gas sand production plants. The company is headquartered in Frederick, Maryland and also has offices located in Chicago, Illinois and Houston, Texas.

Harris Williams & Co. (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 & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.

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 & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.