Harris Williams & Co. Advises Veson Nautical Corporation on its Growth Investment by Pamlico Capital

February 2, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the growth investment in Veson Nautical Corporation (Veson) by Pamlico Capital (Pamlico). Harris Williams & Co. served as the exclusive advisor to Veson, a leading provider of commercial maritime software solutions that transform shipping data into a strategic advantage for shipowners, charterers, traders and operators. The investment was led by Jeff Bistrong, Tyler Dewing, Andy Leed and Scott Reinig of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group and Jason Bass of the firm’s Transportation & Logistics (T&L) Group.

Jeff Bistrong, a managing director at Harris Williams & Co., stated, “Under the leadership of the company’s founders, Veson has evolved to become the de facto operations software and data solutions provider in an industry that transports more than 90% of global trade. With its first-ever outside capital infusion, Veson’s management team is ideally positioned to execute on a series of compelling growth initiatives across the broader maritime logistics software and data market.”

Jason Bass, a managing director at Harris Williams & Co., commented, “We continue to see strong interest in the transportation and logistics sector for companies like Veson that drive supply chain efficiency improvements and optimization through innovative software and data solutions. Veson's ability to collect and analyze real time market as well as shipment level data and then incorporate it into its clients' mission critical supply chain decision making processes is truly unique. As supply chains become more complex and customers demand asset availability and visibility to meet stringent delivery, regulatory and trade compliance needs, Veson will be the software solution of choice.”

Tyler Dewing, a director at Harris Williams & Co., added, “In a highly competitive market, maritime shipping and trading organizations are increasingly seeking solutions that help address complex commerce and contract requirements and unique operational workflows in order to maximize return and manage risk. As the clear market leader with a client base consisting of many of the world’s premier energy, trading and maritime organizations, Veson is uniquely positioned to capitalize on this growing demand and global market opportunity.”

Founded in 2003, Veson is the leading provider of maritime commercial operations software and services. The company’s integrated solutions foster collaboration and communication, enabling the world’s leading shipping organizations to optimally manage voyage chartering, operations, financials and risk. The Integrated Maritime Operations System (IMOS), Veson’s flagship solution, enables faster and more strategic decision making, allowing clients to realize revenue growth, protect voyage P&Ls and optimize performance. The Veslink web platform connects voyage charterers and operators with their vessels and counterparties through a dynamic network of data sharing and market analytics. With its focus on constant innovation and customer service and with offices in Boston, London and Singapore, Veson serves over 8,000 users at more than 200 leading maritime organizations worldwide.

Pamlico is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico seeks control-oriented growth equity and buyout investments of up to $100 million alongside founders and proven management teams in its target industries: business and technology services, communications and healthcare. Since inception, the firm, based in Charlotte, North Carolina, has invested over $2.5 billion.

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 TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

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