Harris Williams Advises Kissner Group Holdings on its Sale to Stone Canyon Industries Holdings for $2 Billion
April 01 2020 - 4:39PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Kissner Group
Holdings LP (Kissner), which is owned by Metalmark Capital Holdings
LLC (Metalmark Capital), Silvertree‐KMC II LP (a venture between
Silverhawk Capital Partners and Demetree Salt, LLC) and the Kissner
management team, on its sale to Stone Canyon Industries Holdings
LLC (SCIH) for a purchase price of $2 billion. Kissner is a leading
pure-play producer and supplier of salt in North America. The
transaction was led by Tim Webb, Brad Morrison, Ty Denoncourt and
Chris Toussaint of the Harris Williams Industrials Group and Joe
Conner of the firm’s Transportation & Logistics (T&L)
Group.
Headquartered in Overland Park, Kansas, Kissner is a leading,
vertically integrated bulk salt, specialty salt and evaporated salt
producer focused on governmental and commercial customers across
the United States and Canada. Kissner owns and operates two rock
salt mines located in Detroit, Michigan and Lyons, Kansas; an
evaporated salt business (US Salt), which has a refinery in Watkins
Glen, New York; three salt production facilities co-located on
potash mines in Western Canada; multiple packaging facilities; and
a network of distribution and storage terminals located throughout
the United States.
Metalmark Capital is a leading private equity firm that seeks to
build long-term value through active and collaborative partnerships
with business owners, founders and executives. The firm focuses its
investment activity in growth industrials, natural resources,
agribusiness and healthcare. Metalmark Capital manages funds with
$3.7 billion in aggregate capital commitments.
Silvertree-KMC II LP is a special purpose vehicle, led by
Silverhawk Capital Partners and Demetree Salt, LLC.
Silverhawk Capital Partners is an independent investment group
established in 2005 to invest in management buyouts and other
private equity transactions in the growth industrial,
energy/natural resources and business service sectors. The partners
of Silverhawk Capital Partners have invested as a team and operated
businesses since 1989, and have successfully deployed more than
$1.3 billion of capital.
Demetree Salt, LLC is a family investment office.
SCIH is a global industrial holding company designed to “buy,
build and hold” for the long term, with a strategy focused on
acquiring and operating market leading companies. SCIH was founded
by co-CEOs Adam Cohn and James Fordyce. SCIH companies operate in
essential industries that provide mission-critical products and
services to customers around the world. SCIH seeks to build out
industrial verticals in stable and mature industries that possess
favorable economic dynamics with high barriers to entry; a
fragmented industry poised to create or strengthen a market leader
through consolidation; and an opportunity to build a substantial
company that will make a difference.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Industrials Group has experience across a
variety of sectors, including advanced manufacturing; aggregates,
metals, and mining; building products; chemicals and specialty
materials; industrial technology; and packaging. For more
information on the firm’s Industrials Group and other recent
transactions, visit the Industrials Group’s section of the Harris
Williams website.
The Harris Williams T&L Group serves companies in a broad
range of attractive niches, including third-party logistics (3PL),
truck, rail, marine and air transportation, automotive and heavy
duty vehicle, 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 website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a 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 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200401005762/en/
Katie Langemeier, associate brand manager, at +1 (804)
648-0072
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