Harris Williams & Co. Advises PlayCore Holdings, Inc. on its Sale to Court Square Capital Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of PlayCore Holdings, Inc. (PlayCore) to Court Square Capital Partners (Court Square). PlayCore, a portfolio company of Sentinel Capital Partners (Sentinel), is a manufacturer and distributor of custom commercial playground systems, park and recreation site amenities and performance and specialty recreation products. The transaction was led by Bob Baltimore of the firm’s Richmond office and John Arendale, Giles Tucker, John Lautemann, Brandt Carr and Jeff Mullen of the firm’s Industrials Group.
“Through its partnership with Sentinel, PlayCore has evolved to become a market leader in play and recreation, driven by its complementary product offering, leading brands and extensive distribution network,” said Bob Baltimore, a managing director at Harris Williams & Co. “Significant opportunities to continue to grow both organically and through acquisitions will drive PlayCore’s continued success.”
“It has been a pleasure working with PlayCore’s talented management team,” added Giles Tucker, a managing director at Harris Williams & Co. “We look forward to following their ongoing success.”
“We are excited to see PlayCore, with the support of its new partner, build on its existing leadership position and execute management’s growth strategy” said John Arendale, a managing director at Harris Williams & Co. “Court Square is a strong partner with a proven record of serving as a valuable resource for its portfolio companies.”
PlayCore is a purpose driven company committed to building stronger communities around the world by advancing play and recreation. The company infuses scholarly learning, through its Center for Outreach, Research and Education, into its comprehensive family of brands. PlayCore combines best-in-class educational programming with one of the most comprehensive portfolio of play and recreation products and services to create tailored solutions that match the unique needs of each community served.
Sentinel specializes in buying and building lower-middle market companies in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA of up to $50 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds.
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 215 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare and technology and telecommunications sectors. The firm has approximately $5 billion of assets under management and is based in New York.
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.
Harris Williams & Co.’s 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 & 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 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 7078852). 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.