(2) Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Inspired Pet Nutrition Limited (IPN), a portfolio company of L Catterton, on its pending sale to funds advised by CapVest Partners LLP (CapVest). IPN is the largest brand-led pet food manufacturer headquartered in the U.K. The transaction is being led by Will Bain and Ryan Budlong of the Harris Williams Consumer Group, with support from Andreas Poth, Konstantin Molinari and Michael Osborne. We continue to see phenomenal interest in the pet sector, and IPN s market-leading brands and truly differentiated platform have made it particularly attractive to investors, said Will Bain, a managing director at Harris Williams. The IPN management team has successfully disrupted the U.K. dog food segment over the past decade with their two award-winning and innovative brands, Harringtons and Wagg. We look forward to watching their continued success in the dog segment, as well a
12/15/20
GenNx360 Capital Partners, a New York-based private equity firm, today announced the successful sale of its portfolio company,
Appalachian Railcar Services
, to Cathcart Rail.
GenNx360 invested in ARS in March 2017 as part of a sector focused, proactive sourcing strategy targeting investments in the railcar services sector. Over the past three years, GenNx360, in partnership with management, transformed ARS into a highly strategic industry leader through a number of initiatives that drove revenue and margin growth. Key accomplishments include significantly enhancing the leadership team, implementing a network-wide commercial strategy, driving improved operational efficiencies, improving the management information systems and controls, expanding facility capabilities, and integrating four disparate business units into an industry-leading network of facilities providing best-in-class customer service and quality across every facility.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Utz Brands Completes Acquisition of ON THE BORDER® Tortilla Chips
December 14, 2020 GMT
HANOVER, Pa. (BUSINESS WIRE) Dec 14, 2020
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”) announced that effective today, its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have completed the acquisition of Truco Enterprises (“Truco”), a leading seller of tortilla chips, salsa and queso under the
ON THE BORDER® (“OTB”) brand, for a total purchase price of $480 million, subject to a customary post-closing purchase price adjustment. The acquisition includes the
12/15/20
RICHMOND, Va. (BUSINESS WIRE) Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised
Appalachian Railcar Services, LLC (ARS), a portfolio company of GenNx360 Capital Partners, on its
sale to Cathcart Rail, LLC and its financial partner, Star America Infrastructure Partners, LLC (together with its related persons, Star America). ARS is one of the largest railcar repair companies in the U.S., providing a range of industrial logistics services including certified tank and freight car repair; various interior and exterior cleaning, coating and lining services; mobile repair; on-site customer repair operations; switching operations; and railcar storage. The transaction was led by Frank Mountcastle, Jeff Burkett and Trey Balson of the Harris Williams Transportation & Logistics (T&L) Group.
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Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Appalachian Railcar Services, LLC (ARS), a portfolio company of GenNx360 Capital Partners (GenNx360), on its sale to Cathcart Rail, LLC (Cathcart) and its financial partner, Star America Infrastructure Partners, LLC (together with its related persons, Star America). ARS is one of the largest railcar repair companies in the U.S., providing a range of industrial logistics services including certified tank and freight car repair; various interior and exterior cleaning, coating and lining services; mobile repair; on-site customer repair operations; switching operations; and railcar storage. The transaction was led by Frank Mountcastle, Jeff Burkett and Trey Balson of the Harris Williams Transportation & Logistics (T&L) Group.