Harris Williams Advises ADB Companies, LLC on its Sale to Warren Equity Partners
April 29 2021 - 12:23PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised ADB Companies, LLC
and its affiliates (ADB), a leading turnkey provider of
telecommunication and utility infrastructure solutions in the
United States, on its sale to Warren Equity Partners (Warren
Equity). ADB was previously part of the Keeley Companies family of
companies. Rusty Keeley, CEO of the Keeley Companies, and Chad
Johnson, CEO of ADB, will maintain significant equity stakes in
ADB. Mr. Keeley and Mr. Johnson will continue as members of ADB’s
board of directors, and Mr. Johnson will remain CEO of ADB. The
transaction was led by Drew Spitzer, Matt White and Greg Waller of
the Harris Williams Energy, Power & Infrastructure (EPI)
Group.
“ADB has been a market leader and differentiated performer in
the telecom services sector, which has led to considerable growth
as the technology and network infrastructure buildout accelerates,”
said Drew Spitzer, a managing director at Harris Williams. “The ADB
team did an incredible job building a truly unique business, and we
look forward to watching the company’s continued evolution
alongside its new partner.”
“We are seeing strong demand for top-quality assets like ADB as
investors look for ways to capitalize on the 5G tailwinds and we
believe the segment will continue to generate strong interest,”
added Matt White, a managing director at Harris Williams. “We
believe this business is well positioned to take advantage of those
tailwinds and we are pleased to have had the opportunity to work
alongside the ADB and Keeley Companies teams.”
ADB leverages three decades of extensive experience providing
fiber infrastructure construction and engineering services
nationwide to complete projects on-time, under-budget and with the
highest quality standards in the industry. ADB is nationally
recognized for its customer-centric philosophy, backed by
accountability and results. With a commitment to safety, people,
and an “ALL IN” culture, ADB sets itself apart as a leader in
building careers and developing long-standing partnerships.
Recognized as one of the largest privately held companies in St.
Louis, Keeley Companies provides dynamic, creative services and
solutions nationwide in the construction, infrastructure,
technology, development, logistics and wireless sectors. In
addition to ADB, Mercury and ZeroDay, Keeley Companies consists of
L. Keeley Construction and KDG and is a proud partner of Inspired
Solutions. Together, Keeley Companies is comprised of over 1,800
dedicated, diversified experts nationwide.
Warren Equity is a private equity firm that invests in small and
middle market operating companies primarily in North America. The
firm invests in established companies where additional capital and
operating resources can accelerate growth, targeting companies in
the industrial services, industrial products, business services and
distribution sectors. Warren Equity invests in the form of buyouts,
growth equity and recapitalizations.
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 EPI Group has significant experience
advising market leading providers of technology, services and
products across a broad range of sectors. These sectors include
energy management; infrastructure services; utility services;
testing, inspection, and certification services; environmental
services; engineering and construction; power products and
technology; and energy technology. For more information on the
Group’s experience, please visit the EPI 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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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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