Harris Williams & Co. Advises Tidel, Inc. on its sale to Graham Partners.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it advised Tidel, Inc., the parent company of Tidel Engineering, L.P. (Tidel) and a portfolio company of Vector Capital (Vector), on its sale to an affiliate of Graham Partners. Tidel is a leading provider of technologically advanced cash management solutions. The transaction was led by Bill Roman, Jay Hernandez and Scott Reinig of Harris Williams & Co.’s Boston office.
“Tidel is the preeminent cash management solution platform with an outstanding management team and exceptional track record of leadership in the sector,” said Bill Roman, a managing director in Harris Williams & Co.’s Industrials Group. “Management and Vector have done a tremendous job creating the industry’s leading platform, and the sale to Graham Partners will enable the company to continue executing on its highly successful growth strategy.”
“Tidel’s systems provide valuable automation technologies to the cash collection ecosystem, and it has been a pleasure working with the management team and Vector on this transaction,” said Jay Hernandez, a director at Harris Williams & Co. “Tidel marks another successful transaction for Harris Williams & Co. in the industrial technology space, and working with exceptional companies has allowed us to drive continued M&A activity in this sector.”
Tidel, headquartered in Carrollton, Texas, is a leading provider of technologically advanced cash management solutions that deliver enhanced efficiency and security throughout the cash cycle for retail institutions across the globe. For more than 36 years, customers have relied on Tidel to provide the most innovative and reliable solutions that help secure, optimize and streamline their cash environment.
Vector is a leading global private equity firm specializing in transformational investments in established technology businesses. Vector identifies and pursues these complex investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Vector's notable investments include 20-20 Technologies, Allegro, Cambium Networks, Collabnet, Corel, Gerber Scientific, IPValue, Saba, SafeNet, Technicolor, Tidel and Watchguard.
Graham Partners is a private investment firm focused on investing in businesses with proprietary technologies, advanced manufacturing know-how, innovative product development capabilities and strong growth potential. Since the firm's founding in 1988, Graham Partners has closed over 60 acquisitions, joint ventures, financings and divestitures. The committed capital raised since inception of the Graham Partners funds together with Graham led co-investments totals approximately $1.7 billion. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise as a member of The Graham Group, an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of entrepreneur Donald C. Graham.
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.