Evergreen Pacific Buys Thermal Dynamics

Evergreen Pacific Partners has acquired Thermal Dynamics. Financial terms weren’t announced. Thermal Dynamics, of Ontario, Calif., makes customized heat exchanger solutions. Harris Williams, led by Joe Connor, advised Thermal Dynamics. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Thermal […]

Domtar Buys EAM Corp.

Domtar Corp. has acquired EAM Corp. The seller was Kinderhook Industries. Financial terms weren’t announced. EAM has two products, NovaThin and NovaZorb, that are used in personal care applications like feminine hygiene, adult incontinence and baby diapers. Derek Lewis, Darwin Olympia and Marshall Croft of Harris Williams advised EAM. PRESS RELEASE Harris Williams & Co., a […]

The Riverside Co. Invests in Baby Jogger Via Recap

The Riverside Co. has recapped Baby Jogger. Financial terms were not announced. It’s not clear if Riverside Co. has aquired a majority or minority stake in the company. Richmond, Va.-based Baby Jogger designs and markets branded infant and juvenile products focused on baby strollers, bicycle trailers, and related accessories. John Neuner, Brent Spiller and Chip […]

Apio Buys GreenLine from Riverside Co.

The Riverside Co. has sold GreenLine Foods to Apio. Financial terms weren’t announced. The deal closed on April 23. GreenLine provides packaged green beans in North America. Apio is a unit of Landec Corp. Glenn Gurtcheff, Tim Alexander, Jeff Cleveland and Brant Cash of Harris Williams advised GreenLine in the sale. PRESS RELEASE Harris Williams […]

Industrial Growth Partners Buys Cambridge International

Sterling Investment Partners has sold Cambridge International to Industrial Growth Partners. Financial terms weren’t announced. The deal closed on April 10. Cambridge makes custom-built conveyor belts and related woven metal mesh solutions. News of the deal was announced by Harris Williams, which provided financial advice to Sterling. Derek Lewis, John Klim and Ben Ross led […]

Gridiron Capital Sells McKenzie Sports to Levine Leichtman

Levine Leichtman Capital Partners has bought McKenzie Sports Products from Gridiron Capital. The deal closed March 30. Financial terms weren’t announced. News of the sale was announced by Harris Williams which advised Gridiron. McKenzie makes and distributes taxidermy supplies. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory […]

Harris Williams Advised Niagara LaSalle in Sale to Optima Specialty Steel

Harris Williams, an investment bank focused on middle-market transactions, announced today that it advised Niagara LaSalle Corp. on its pending sale to Optima Specialty Steel. Niagara, which makes cold finished steel bars, is a portfolio company of the private equity firm Kohlberg & Co. Optima Specialty Steel is a subsidiary of Optima Acquisitions, a U.S.-based investment […]

Vero Software Buys Planit from August Equity

August Equity has sold Planit to Vero Software, which is backed by Battery Ventures. Financial terms of the deal, which closed on Sept. 30, wasn’t announced. Planit, of the U.K., develops CAD/CAM software for the specialist manufacturing sector. News of the deal was announced by Harris Williams which advised August Equity on the sale.

Roper Industries To Buy Northern Digital

Roper Industries has agreed to buy Northern Digital, which is backed by the Audax Group. Financial terms were not disclosed. The sale is expected to close in second quarter. Northern Digital, of Ontario, provides optical and electromagnetic measurement systems for medical and industrial applications. News of the sale was disclosed by Harris Williams, which advised Northern Digital.

Novacap Buys Idaho Pacific Holdings

Novacap Industries has acquired Idaho Pacific Holdings, a unit of Otter Tail Corp. The deal closed May 6. Financial terms were not announced. Idaho Pacific makes dehydrated potato products that are used in the industrial food and baking industries. Novacap is a Canadian PE firm. News of the sale was disclosed by Harris Williams which advised IPH.

Harris Williams Announces Advisory Role in Sale of The Mill to Barclays

Harris Williams, the London-based middle market investment bank, announced today that it advised the visual effects company The Mill on its GBP119 million sale to Barclays Private Equity. The Mill, whose clients include brands like Nike, as well as ad agencies such as AMV BBDO and Ogilvy, was acquired from the Carlyle Group, which purchased the company in […]

Best Doctors Gets Nippon Life Insurance Co. Infusion

Best Doctors Inc., the tech-enabled healthcare services provider, has accepted a minority investment from Osaka, Japan-based Nippon Life Insurance Co. The transaction, from which terms were not disclosed, closed on April 5. Investment bank Harris Williams acted as exclusive financial advisor to the seller.

Top 10 peHUB Posts This Week (New Regular Reader Edition)

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the blog posts written by our staff this week that garnered the most pageviews by our regular readers from March 28 to April 1. (Note: Instead of tracking total pageviews, this list now tracks pageviews by return readers to make it more relevant to our core audience. –Ed.)

Post No. 1: Slideshow: Top Performing VC-backed Chinese IPOsby Lawrence Aragon

Post No. 2: Who Are The Most Influential VCs and Angels? Check Out This Listby Mark Boslet

Post No. 3: Harris Williams, Known for Keeping its Senior Bankers, Sees 7 MDs Leave Since 2009by Luisa Beltran

Post No. 4: Best and Worst of Ventureby Joanna Glasner

Post No. 5: SecondMarket Looking Into Cutting Out the Middleman (VC Firms)by Jonathan Marino

Post No. 6: A Case Study In What Not to Do: America’s Biggest Company Goes Down in Flames on Twitterby Connie Loizos

Post No. 7: One Institutional LP on VCs Buying Up Secondary Sharesby Connie Loizos

Post No 8: After Blippy, Pud Contemplates His Next Moveby Connie Loizos

Post No. 9: NY Shop To Close Fund V At Hard Capby Bernard Vaughan

Post No. 10: Apollo Shareholder Puzzle: Where Do You Fit In?by Gregory Roth


Harris Williams, Known for Keeping its Senior Bankers, Sees 7 MDs Leave Since 2009

Are the golden handcuffs off at Harris Williams?

The investment bank, known for advising on sell side, middle market deals, has seen seven MDs leave since 2009, four sources say.

Bankers move around all the time and, at first blush, this may not seem very newsy. But this is Harris Williams, the Richmond, Va. firm known as the IB where bankers don’t leave.

BlackArch Partners’ Bram Hall Q&A: The Auto Aftermarket Surges

It’s been two years since Bram Hall, 39, left Harris Williams, the middle market investment bank where he spent 10 years. Hall helped co found BlackArch Partners in 2009 with Drew Quartapella and Matt Salisbury (the cofounders of Edgeview Partners), as well as Kelly Katterhagen, ex-president of IOA Corp.

Charlotte, N.C.-based BlackArch, which also advises middle market companies, began operating June 1 and currently has a staff of 22 people. Hall leads the firm’s transportation & logistics and automotive aftermarket practices.

He recently spoke to me by phone:

Q: Has the automarket rebounded since the downturn?
A: When I look at automotive, the OEM industry is separate from the auto aftermarket. The aftermarket has a tendency to do extremely well in a downturn. The OEM market is really cyclical. In a soft economy, people will try to prolong the life of an old car. The OEM market is still down. But the auto aftermarket has been a hot sector. It performed really well in the downturn. It generated a lot of investment interest in the downturn.

Apax’s TriZetto Group Buys Gateway EDI

Apax Partners’ portfolio company The TriZetto Group acquired ABRY Partners’ Gateway EDI, the firms revealed Wednesday. Harris Williams & Co. worked on the transaction, including Jeff Bistrong, Sam Hendler, Tyler Dewing and Nick Patel from Harris Williams & Co.’s tech, telecom and digital media team.

Falfurrias Engages Harris Williams to Advise on Bojangles’

Advising on Bojangles’ shouldn’t be that difficult: order as much as you can, if you haven’t been to the champion chicken retailer of the South. Falfurrias Capital Partners, as peHUB.com reported earlier, will look to potentially sell its substantial minority stake in the business, it announced, with the help of Harris Williams. Under Falfurrias, Bojangles’ has grown its chain nearly 30% since September 2007.

ABRY Partners Acquires Majority Equity Interest in York Risk Services Group

ABRY Partners closed its deal to invest in the majority stake of New Jersey-based claims-handling business York Risk Services Group in a secondary deal from Odyssey Investment Partners. The private equity firm has spent more than a decade handling business services deals. Among its other investments in the space are its 2008 deals in Gateway EDI, a claims processor for physicians, and Orion HealthCorp, a billing agency; Talent Partners, a payroll services provider to ad agencies, and Gould & Lamb, a claims settlement service. Harris Williams and Macquarie Capital advised York.

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