Harris Williams & Co. Advises Agdata in Its Sale to SFW Capital Partners, LLC
February 08 2010 - 4:19PM
Business Wire
Harris Williams & Co. announces that Agdata, a division of
AGDATA, L.P., owned by founder Verl Purdy and Carousel Capital
(Carousel), has been purchased by SFW Capital Partners, LLC (SFW).
Harris Williams & Co. acted as the exclusive advisor to Agdata.
Both Mr. Purdy and Carousel have retained an interest in the
company, and Mr. Purdy will continue to serve on the Agdata Board
of Directors. The transaction was led by David Joncas, Garin
Arevian and Rahul Swani from the firm’s Technology, Telecom &
Digital Media (TTDM) Group, and Turner Bredrup and David Keys from
the firm’s Richmond office. Terms of the transaction were not
disclosed.
“Agdata is the leading provider of strategic data and analytical
solutions to the world’s largest agricultural and animal health
manufacturers and maintains direct connectivity to more than 9,500
industry retailers and distributors, representing more than 90% of
the U.S. market. The Agdata team has done a remarkable job helping
clients analyze, grow and optimize their operations by providing
actionable strategic data and the highest levels of customer
service,” said David Joncas, managing director and co-head of
Harris Williams & Co.'s TTDM Group.
Agdata provides mission-critical strategic data solutions,
including outsourced database management, marketing program
administration, data collection and data analysis services to the
agriculture, crop protection and animal health industries.
Carousel is a private investment firm that invests in companies
located in the Southeastern United States. Carousel’s investor base
includes institutional investors and an elite group of more than
100 current and former CEOs with significant operating experience.
Since its inception, Carousel has invested in 28 companies in three
targeted growth sectors: business services, consumer products and
services, and healthcare services.
SFW is a private equity firm that invests with management in
mid-sized companies providing analytical tools and services,
including instruments, information and software. As a team, the
partners at SFW have supported some of the most successful and
well-regarded companies in its target markets.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two decade legacy of sell side
excellence serving clients worldwide. The firm is
focused exclusively on the middle market providing sell
side and acquisition advisory, restructuring advisory,
board advisory, private placements and capital markets advisory
services.
The firm’s TTDM Group focuses on software, IT services,
communications and digital media. For more information, contact
David Joncas or Jeff Bistrong in Boston at +1 617-482-7501, Jim
Reinhart in San Francisco at +1 415-288-4260, or Thierry Monjauze
in London at +44 203 170 8838.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorised and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 804-648-0072.
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