Harris Williams Advises CIS Secure Computing, Inc. on its Sale to HKW
April 28 2021 - 9:12AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised CIS Secure
Computing, Inc. (CIS), a portfolio company of Acorn Growth
Companies (Acorn), on its sale to HKW. CIS is a provider of secure
endpoint communications technologies for enduring national security
missions of the U.S. government. The transaction was led by Chris
Rogers, David Jones, Chris Smith and Elliot Cave of the Harris
Williams Aerospace, Defense & Government Services (ADG) Group
and Shinik Patel of the firm’s Richmond office.
“CIS is widely recognized as a market leader in secure endpoint
communications technologies and is a trusted partner supporting the
most important national security missions of the U.S. government,”
said Chris Rogers, a managing director at Harris Williams. “The
company grew significantly under Acorn’s ownership, and we are
excited to watch the company continue executing on its strategic
priorities in partnership with HKW.”
“This transaction highlights continued investor interest for
platforms providing innovative solutions for national security
missions,” added Chris Smith, a director at Harris Williams. “CIS
combines proprietary hardware and mobile software solutions for
providing endpoint security that truly sets the business apart in
the defense and government technology market.”
CIS is a provider of secure communications and computing
solutions for government and commercial customers. CIS designs and
manufactures a wide range of products and IT equipment to support
stringent government security requirements. The company’s customers
include organizations and communities throughout global defense,
intelligence, law enforcement and homeland security whose missions
depend heavily on their ability to communicate and securely
exchange information while operating in challenging physical
environments.
Acorn is a middle market private equity firm focused exclusively
on aerospace, defense and intelligence. Acorn invests solely in
operating companies that strive to enhance global mobility and
protect national interests. Acorn has a formidable reputation in
the industry and is recognized for its deep understanding of the
aerospace, defense and intelligence markets, with proprietary
access to the best companies within these sectors. With operational
expertise and its ability to lead and manage investments through
variable economic and industry cycles, Acorn works in tandem with
management to build its portfolio companies into significant market
leaders.
HKW is a private equity firm investing in growth-oriented
companies with talented management teams in the U.S. and Canada.
HKW targets companies in the business services, health and
wellness, and technology sectors. Since 1982, HKW has sponsored 64
platform transactions of lower middle market companies throughout
North America, as well as 70 add-on acquisitions.
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 ADG Group offers strategic advice to a
global base of leading aerospace, defense and government services
clients. For more information on the ADG Group and other recent
transactions, visit the ADG 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210428005652/en/
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Jul 2024 to Aug 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Aug 2023 to Aug 2024