Harris Williams Advises Integrated Global Services, Inc. on its Sale to J.F. Lehman & Company
February 04 2020 - 1:42PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Integrated
Global Services, Inc. (IGS), a portfolio company of Industrial
Growth Partners (IGP), on its sale to an investment affiliate of
J.F. Lehman & Company (JFLCO). IGS is a leading provider of
on-site high velocity thermal spray cladding, ceramic protection
and other engineered products to solve metal wastage and
reliability problems for some of the world’s most valuable,
mission-critical equipment. The company leverages proprietary
technology and deep experience to prevent equipment failure, extend
service life and minimize outage downtime across the energy, power
generation and other industrial end markets. The transaction was
led by Matt White, Drew Spitzer, Neha Shah and Thomas Saunders of
the Harris Williams Energy, Power & Infrastructure (EPI)
Group.
“The IGS team has developed a diversified suite of unique,
proprietary solutions, which has established the company as a
preferred provider for surface protection solutions across the
globe,” said Matt White, a managing director at Harris Williams.
“The sale of IGS adds to our strong resume of advising
market-leading providers of outsourced industrial and
infrastructure services.”
“We are very excited and see a bright future for IGS as it
carries momentum into its new partnership with JFLCO and continues
to expand its customer reach and execute a number of key growth
initiatives,” said Drew Spitzer, a managing director at Harris
Williams.
Based in Richmond, Virginia, IGS is a global company with over
30 years of experience in providing in-situ thermal spray, ceramic
coatings and other custom-engineered surface protection solutions
that focus primarily on metal wastage reduction, corrosion
mitigation and emissions reduction.
“We cannot be more pleased with our relationship with IGP and
our new partnership with J.F. Lehman & Co. as we continue
growing the most trusted provider of on-site surface solutions in
the world,” said Rich Crawford, president and CEO of IGS since
2009. “Over the next several years, we plan to continue our
strategic global expansion; hiring, developing, and cultivating the
very best people in the industry; and retaining our commitment to
superior customer results.”
IGP, founded in 1997, is a San Francisco-based private equity
investment firm with $2.2 billion of equity capital raised since
inception. The firm invests exclusively in middle market companies
in the industrial sector in partnership with management teams.
Founded in 1992, J.F. Lehman & Company is a leading middle
market private equity firm focused exclusively on the aerospace,
defense, maritime, government and environmental sectors. The firm
has offices in New York and Washington, D.C.
The Harris Williams EPI Group has experience across a broad
range of sectors, including industrial and infrastructure services;
oil and gas equipment and services; utility services; testing,
inspection and certification; energy efficiency and clean tech;
power products and technology; engineering and construction; and
environmental services. For more information on the firm’s energy,
power, and infrastructure experience, please visit the EPI Group’s
section of the Harris Williams website.
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).
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200204005908/en/
Katie Langemeier, associate brand manager, at +1 (804)
648-0072
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Apr 2023 to Apr 2024