Harris Williams Advises FitzMark on its Majority Recapitalization by Calera Capital
December 23 2020 - 1:42PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised FitzMark, a leading
technology-enabled third-party logistics solutions company that
provides industry-leading brokerage and logistics services to
shippers and carriers, on its majority recapitalization by Calera
Capital (Calera). The transaction was led by Jason Bass, Jeff
Burkett and Richard Segal of the Harris Williams Transportation
& Logistics (T&L) Group and Chuck Walter of the firm’s
Industrials Group.
“FitzMark is a leader in the third-party logistics space,
providing a wide variety of services to a diverse and loyal
customer base,” said Jason Bass, a managing director at Harris
Williams. “FitzMark has a unique employee-centric growth minded
culture that truly sets it apart from other third-party logistics
companies and that ultimately results in superior service for
customers and carriers alike. It was a pleasure working with Scott
Fitzgerald, founder and CEO, and the rest of the FitzMark team, and
we are excited to see their next chapter unfold in partnership with
Calera.”
“There is a strong fit between Calera and FitzMark as a result
of their multi-year relationship and clear alignment in terms of
strategy, culture and approach. We sincerely appreciate Scott
entrusting us to work with Calera to facilitate a majority
recapitalization and deliver a great outcome, thereby extending our
leading track record in third-party logistics,” added Jeff Burkett,
a director at Harris Williams.
FitzMark is a nationwide third-party logistics firm
headquartered in Indianapolis. Since 2006, FitzMark has provided
best-in-class brokerage and logistics services to its customers and
carriers by investing in a team of dedicated transportation
professionals and honing its custom-developed transportation
management software, DASH.
Founded in 1991, Calera is a private investment firm which has
invested over $3.7 billion. With offices in Boston and San
Francisco, Calera focuses on partnering with founders and
management teams to drive significant value creation in their
businesses, primarily in two industry sectors: business services
and specialty industrials. Calera makes substantial equity
investments in middle market businesses and works closely in
support of management to build long-term sustainable value through
the implementation of strategic and operating initiatives.
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 T&L Group serves companies in a broad
range of attractive niches, including third-party logistics (3PL),
automotive and heavy-duty vehicle, transportation equipment, and
truck, rail, marine and air transportation. 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.
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.
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 8th Floor, 20 Farringdon Street, London EC4A 4AB, 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.
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Media inquiries: Julia Moore media@harriswilliams.com
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