RICHMOND, Va.–(Business enterprise WIRE)–Harris Williams, a world-wide investment decision lender specializing in M&A advisory providers, announces it recommended Artera Products and services, LLC (Artera), a portfolio enterprise of Clayton, Dubilier & Rice (CD&R) and just one of the nation’s major vendors of integrated infrastructure expert services to all-natural gasoline and electrical industries, on its acquisition of Feeney Utility Solutions Team (FUSG). The transaction was led by Drew Spitzer and Matt White of the Harris Williams Electrical power, Electricity & Infrastructure (EPI) Team.
“We think FUSG is a strategic in shape with Artera, increasing Artera’s strength as a chief in fuel distribution providers and extending the company’s footprint in the appealing Northeast market,” mentioned Matt White, a controlling director at Harris Williams. “We seem forward to viewing what the blended company accomplishes.”
“We proceed to see investor desire in firms providing expert services to all facets of the utility landscape offered incredible tailwinds in the sector, including ageing infrastructure, raising regulatory requirements, power transition and continued utility outsourcing,” extra Drew Spitzer, a taking care of director at Harris Williams. “It was a enjoyment performing with Artera and CD&R on this transaction.”
Artera, headquartered in Atlanta, is a far more than $2.6 billion in earnings sector-major company of built-in infrastructure services to the purely natural gasoline and electrical industries throughout 39 states. Artera employs extra than 10,800 persons all through the United States and focuses on upkeep, substitution, improve and integrity of present infrastructure. Artera’s organization models are recognized industry leaders, have long-standing working histories in the business, and are effectively highly regarded for shared popular core values of basic safety, high-quality, dedication and popularity.
CD&R is a private financial investment agency with a system predicated on building much better, much more rewarding enterprises. Because inception, CD&R has managed the expense of far more than $35 billion in 100 organizations with an combination transaction benefit of extra than $150 billion. The agency has places of work in New York and London.
FUSG, headquartered in Boston, leverages the means and toughness of its organization units, Feeney Brothers Utility Services and DDS Organizations, to be a major natural fuel utility provider provider in the Northeast and Mid-Atlantic.
Harris Williams, an investment decision financial institution specializing in M&A advisory solutions, advocates for sellers and buyers of corporations around the world by means of critical milestones and provides considerate suggestions during the lives of their organizations. By collaborating as one business throughout Marketplace Teams and geographies, the business allows its purchasers attain outcomes that help their goals and strategically create value. Harris Williams is dedicated to execution excellence and to building enduring, valued associations that are centered on mutual have faith in. Harris Williams is a subsidiary of the PNC Monetary Providers Team, Inc. (NYSE: PNC).
The Harris Williams EPI Group has considerable experience advising market leading vendors of technologies, expert services and solutions across a wide assortment of sectors. These sectors include things like electrical power management infrastructure providers utility providers testing, inspection, and certification products and services environmental solutions engineering and design electrical power products and technologies and power technological innovation. For a lot more info on the Group’s expertise, make sure you visit the EPI Group’s area of the Harris Williams web-site.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private constrained organization integrated below English law with its registered workplace at 8th Ground, 20 Farringdon Road, London EC4A 4AB, British isles, registered with the Registrar of Businesses for England and Wales (registration quantity 07078852). Harris Williams & Co. Ltd is approved and regulated by the Economic Perform Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the business register of the regional courtroom of Frankfurt am Primary, Germany, beneath HRB 107540. The registered handle is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Most important, Germany (e mail deal with: [email protected]). Geschäftsführer/Administrators: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade title under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Company Finance Advisors GmbH perform enterprise.