Harris Williams & Co. Advises Durcon Incorporated in its Sale to Quad-C Management
September 21 2010 - 12:02PM
Business Wire
Harris Williams & Co. is pleased to announce the sale of
Durcon Incorporated (Durcon), a portfolio company of Stonebridge
Partners (Stonebridge), to Quad-C Management (Quad-C). The
transaction closed on September 20, 2010. Harris Williams & Co.
acted as the exclusive advisor to Durcon. The transaction was led
by John Neuner, John Arendale, Chris Rogers and Doug Kinard from
the firm’s Richmond office.
Durcon is a leading global supplier of work surfaces and related
products used in a variety of educational, residential and
commercial applications. The company is the leading manufacturer of
custom-built, high-quality epoxy work surfaces for laboratories and
other demanding applications. Durcon’s residential and commercial
product line, elements™, is the first epoxy resin work surface that
contributes to LEED certification, and is a product line that
provides a contemporary look with the same durability
characteristics of the company’s traditional laboratory work
surface products.
Stonebridge was founded in 1986 as an operations-oriented
private equity firm with an interest in acquiring well-managed
companies or divisions of public companies with purchase prices
between $50 million and $200 million. Within this segment,
Stonebridge has historically focused on niche manufacturing
industries, including building products, infrastructure, specialty
packaging and specialty manufacturing. During its 24 years of
activity, the firm has invested over $800 million of capital in 49
separate acquisitions.
Founded in 1989 in Charlottesville, VA, Quad-C is a leading
private investment firm that specializes in investing in profitable
businesses valued between $50 million and $500 million and growing
them in partnership with management. Over the past 21 years, the
firm has invested in over 40 platform companies and completed over
100 transactions, valued in excess of $3 billion. Quad-C has over
$2 billion in capital under management and is currently investing
Quad-C Partners VII, L.P. and its affiliated Quad-C Partners VII
Co-invest Fund, with an aggregate capital commitment of
approximately $1 billion.
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 and provides
sell side and acquisition advisory, restructuring
advisory, board advisory, private placements and capital markets
advisory services.
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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