Harris Williams & Co. Advises Safway Group on its Pending Merger with Brand Energy & Infrastructure Services, Inc.

March 20, 2017

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 serving as the exclusive financial advisor to Safway Group (Safway), a portfolio company of Odyssey Investment Partners, LLC (Odyssey), on its pending merger with Brand Energy & Infrastructure Services, Inc. (Brand), a portfolio company of Clayton, Dubilier & Rice (CD&R). Safway is a leading provider of scaffolding, access and multiservice solutions to the petrochemical, refining, industrial and commercial markets, among others. The transaction is being led by Drew Spitzer, Matt White, Brian Lucas, Ian Thomas and Adam Daigle of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.

“Safway is an industry-leading multi-craft services provider with an outstanding management team and a world class reputation. The team has done an outstanding job building a platform focused on safe, productive, and efficient services and solutions for customers.  We are thrilled to represent the company’s shareholders and management on this pending merger,” said Drew Spitzer, a managing director at Harris Williams & Co.

“We continue to see strong interest in North American infrastructure service providers and Safway extends our deep track record of M&A advisory to the sector,” said Matt White, a managing director at Harris Williams & Co. “We are excited about Safway’s pending partnership with Brand and look forward to following its growth in the expanding infrastructure services market.”

With more than 115 locations in the U.S. and Canada and distribution channels worldwide, Safway Group delivers high-performance multiservice solutions – THE SMART WAY®. Offering the widest range of equipment and the deep expertise in access, scaffolding, insulation, fireproofing and coatings, Safway Group companies include All-American Scaffold; CL Coatings; Dalco; Industrial Coatings & Fireproofing; MobleySafway; New England Scaffolding; Redi Solutions; Safway Atlantic; Safway Services; Safway Services Canada; S&E Bridge & Scaffold; and Swing Staging. With the most advanced engineering team; an exclusive project management system; award-winning safety; market-leading brands including Spider®, Power Climber® and Power Climber Wind®; and proprietary products like the QuikDeck® Suspended Access System, Safway Group companies design and implement innovative, quality solutions at the lowest total installed cost for projects of any size and scope. Safway has been an industry leader since 1936 and serves commercial construction, elevator, infrastructure (bridges, railroads, airports, shipping ports, stadiums and arenas), manufacturing, marine, petrochemical, power (traditional and renewable), and oil and gas customers worldwide.

Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading private equity investment firm with more than a 20 year history of partnering with skilled managers to transform middle market companies into more efficient and diversified business with strong growth profiles.  Odyssey makes majority controlled investments in industries with a long-term positive outlook and favorable secular trends.

Brand Energy & Infrastructure Services, Inc. is a premier provider of specialized services to the global energy, industrial and infrastructure markets. Brand combines a global footprint, broad service offerings and rigorous operating processes to support customers’ required facility maintenance and turnaround needs and capital-driven upgrade and expansion plans. Brand’s range of services includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring and other complementary specialty services. Brand delivers services through a global network of more than 210 strategically located branches on six continents, with a particular focus on the major hydrocarbon and power generation markets globally. In addition, Brand has over 140 co-located branches at energy-related customer facilities providing a consistent presence for required maintenance work. Brand maintains an extensive field service organization consisting of skilled craftspeople capable of providing various industrial services to customers. Brand’s global presence and established customer base provides a platform for continued maintenance-driven growth while also positioning the company to capitalize on increases in capital and infrastructure spending across its served markets.

CD&R is an investment firm with a strategy predicated on building stronger, more profitable businesses.  Since 1978, CD&R has managed the investment of $23 billion in 72 businesses, representing a broad range of industries with an aggregate transaction value of more than $100 billion. The firm acquired Brand Energy & Infrastructure Services in 2013. 

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 EPI Group has experience across a broad range of sectors, including industrial and infrastructure services, oil and gas equipment and services, energy efficiency and clean tech, power products and technology, engineering and construction and environmental services. For more information on the firm’s energy, power and infrastructure experience, please visit the EPI 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.