Harris Williams & Co. Advises the Special Committee of the Innotrac Corporation Board of Directors in its Recapitalization Led By Sterling Partners

January 16, 2014

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the recapitalization of Innotrac Corporation (NASDAQ: INOC; Innotrac), a provider of eCommerce, fulfillment and logistics services, led by Sterling Partners (Sterling).  Harris Williams & Co. acted as the exclusive advisor to the Special Committee of the Board of Directors of Innotrac and also provided a fairness opinion.  The transaction closed on January 6, 2014 and was led by Jason Bass, Frank Mountcastle, Jeff Burkett and Mike Williams.

Innotrac, founded in 1984 and based near Atlanta, GA, is a best-in-class eCommerce provider integrating digital technology, fulfillment, contact center and business intelligence solutions to support global brands.  The company’s fulfillment, order management and contact center solutions are integrated with all major web platforms, and seamlessly integrate with any required partner technologies.  Innotrac employs sophisticated order processing and warehouse management technology and operates eight fulfillment centers and one call center spanning the continental United States.  Innotrac Europe GmbH also has a network of fulfillment centers, call centers and returns processing facilities with operations in the United Kingdom, Germany, France, Denmark, Sweden, Poland, Austria, Italy, Switzerland, Ireland, Spain and the Netherlands.

Sterling, founded in 1983, is a growth-oriented, private equity firm.  Sterling manages more than $5 billion in institutional capital.  The firm’s investment approach is centered on INSPIRED GROWTH™, a philosophy of buying differentiated businesses and growing them in inspired ways.  Sterling focuses on investing growth capital in small and middle market companies in industries with positive long-term trends, including education, healthcare and business services.  The firm provides valuable support to the management teams of the companies in which it invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago,IL, Baltimore,MD and Miami,FL.

Harris Williams & Co.’s T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), surface transportation, airport and aviation services, transportation equipment and the automotive and heavy duty vehicle market.  For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group website.