Harris Williams & Co. Advises SafeWorks on its Sale to Evergreen Pacific Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of SafeWorks, portfolio company of Wynnchurch Capital, Ltd. (Wynnchurch), to Evergreen Pacific Partners. SafeWorks is a leading manufacturer and distributor of powered suspended access and safety solutions. The transaction was led by Patrick Hanraty, managing director in the Harris Williams & Co.’s Philadelphia office.
“SafeWorks represents a leading platform in the global suspended access market,” said Patrick Hanraty, managing director at Harris Williams & Co. “This successful transaction reflects strong demand for highly differentiated providers of industrial and safety equipment.”
Headquartered in Seattle, WA, the company is a global leader in the manufacturing of suspended access products designed to enable its customers to work safely and productively at great heights in extremely demanding environments. Founded more than 60 years ago, SafeWorks offers fully integrated manufacturing and engineering solutions for customers that require aerial access for construction, repair or maintenance. Driven by customer needs, SafeWorks designs and builds hoists, service lifts, climb assists, platforms, rigging devices and other safety products and provides training and services to its customers. In its end market, the company is #1 by market share in the United States and #2 in Europe.
Wynnchurch, headquartered in the Chicago suburb of Rosemont, IL with offices in Detroit, Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value‐added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion, specializing in management buyouts, recapitalizations, corporate carve‐outs, restructurings and growth capital.
Based in Seattle, WA, Evergreen Pacific Partners currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle market companies in Western North America. Evergreen Pacific Partners was co-founded by Timothy Bernardez, T. J. McGill, and Michael Nibarger.
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.
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 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.