Harris Williams Advises BFG Supply on its Sale to Pamplona Capital Management
November 09 2021 - 12:03PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised BFG Supply (BFG), a
portfolio company of Incline Equity Partners (Incline), on its sale
to Pamplona Capital Management (Pamplona). BFG is a leading
technology-enabled distributor to the green industry. The
transaction was led by Brian Lucas, Graham Gillam, Pete Morgan and
Michael Tuohey of the Harris Williams Specialty Distribution
Group.
“Through a distinct focus on customer service and leveraging
investments in technology, BFG has established itself as a clear
leader in green product distribution and serves a diverse base of
clients across the industry. The company thrived in partnership
with Incline, and we are excited to watch BFG’s next chapter unfold
under the guidance of its top-notch management team and Pamplona,”
said Brian Lucas, a managing director at Harris Williams.
“High-quality specialty distribution companies continue to
generate significant interest from investors driven by
opportunities to grow both organically and through acquisitions.
Additionally, BFG’s position within the green industry provided a
unique opportunity to capitalize on strong tailwinds in both the
traditional lawn and garden market, and the rapidly growing
controlled environment agriculture markets,” said Graham Gillam, a
director at Harris Williams.
Headquartered in Burton, Ohio, BFG was founded in 1972 and has
been serving the green industry for five decades. BFG distributes a
full line of products across complementary green industry segments
including professional horticulture, lawn and garden, hydroponic,
and controlled environment agriculture (CEA). With over 15,000 SKUs
in stock, the comprehensive product offering provides a
differentiated, one-stop solution to the market. BFG also offers
customers solutions to better manage their supply chain through
innovative technologies.
Incline, headquartered in Pittsburgh, is a private equity firm
investing in manufacturing, distribution and business services
companies. Incline is generally seeking growing companies with
enterprise values of $25 million to $750 million. Incline's typical
investment types are ownership transitions for privately held
businesses, buyouts and corporate divestitures within the U.S. and
Canada.
Pamplona is a global private equity investment firm with offices
in New York, London, Madrid and Malta. Pamplona was founded in 2005
and today manages over $12 billion of capital invested across a
broad range of end markets and geographies.
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’ Specialty Distribution Group has experience
across a variety of sectors, including automotive and heavy duty
aftermarket; building products; consumer; electrical and
communications; foodservice; healthcare; industrial; and
technology. For more information on the firm’s Specialty
Distribution Group, visit the Specialty Distribution 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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