Harris Williams & Co. Advises WIL Research on its Sale to Charles River Laboratories for $585 million
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the closing of the previously announced sale of WIL Research to Charles River Laboratories (Charles River; NYSE: CRL) for $585 million. Harris Williams & Co. served as the lead financial advisor to WIL Research, a leading provider of non-clinical safety assessment and contract development and manufacturing services to biopharmaceutical, agricultural and industrial chemical companies globally. The transaction was led by Geoff Smith, Paul Hepper, Turner Bredrup, Nick Owens and Grace Kingdon of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group.
WIL Research is a leading provider of non-clinical safety assessment and contract development and manufacturing (CDMO) services to biopharmaceutical, agricultural and industrial chemical companies worldwide.
Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. The company’s employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them.
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 HCLS Group has experience across a broad range of sectors, including alternate site care; outsourced clinical and practice management services; healthcare staffing; healthcare IT; managed care and cost containment services; medical devices, products and distribution; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS 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 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.