Harris Williams Advises Owen Equipment Company on its Sale to Wynnchurch Capital, Ltd.
November 15 2021 - 11:45AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Owen Equipment
Company (Owen), a portfolio company of CenterGate Capital
(CenterGate), on its sale to Wynnchurch Capital, Ltd. (Wynnchurch).
Owen is a leading specialty equipment platform providing critical
infrastructure solutions to municipal, utility and commercial
customers throughout the Western United States. The transaction was
led by Luke Semple, Neha Shah, Trevor Casey and Phil Hart of the
Harris Williams Energy, Power & Infrastructure (EPI) Group.
“With its comprehensive portfolio of highly specialized
equipment, Owen is a vital partner with its customers to help
safely and reliably operate, maintain and repair critical water,
wastewater, utility and other infrastructure,” said Luke Semple, a
managing director at Harris Williams. “During its partnership with
CenterGate, Owen achieved remarkable growth, expanding into new
equipment offerings and geographies.”
“As a market leading platform, Owen is well-positioned to
capitalize on long-term tailwinds across the markets it serves,”
added Neha Shah, a director at Harris Williams. “It was a pleasure
working with Owen’s management team and CenterGate, and we look
forward to following Owen’s continued success with their new
partner.”
Based in Vancouver, Washington, Owen is a leading specialty
equipment platform providing critical infrastructure solutions to
municipal, utility, and commercial customers throughout the United
States. Owen serves as a dealer of new and pre-owned equipment,
provides related parts and maintenance services, and maintains a
large fleet of rental equipment used for sewer maintenance,
hydro/vacuum excavation, street cleaning, specialty drilling, and
vegetation management applications.
CenterGate is an Austin, Texas-based private equity firm focused
on partnering with lower-middle market companies with the potential
to achieve transformational growth through operational and
strategic development. CenterGate brings a balance of financial and
operational experience and strategic insight to assist management
in driving long-term sustainable growth.
Wynnchurch, headquartered in the Chicago suburb of Rosemont,
Illinois, with offices in California, New York, and an affiliate in
Canada, was founded in 1999 and is a leading middle market private
equity investment firm. Wynnchurch’s strategy is to partner with
middle market companies in the United States and Canada that
possess the potential for substantial growth and profit
improvement. Wynnchurch manages a number of private equity funds
with $4.2 billion of committed capital under management and
specializes in recapitalizations, growth capital, management
buyouts, corporate carve-outs and restructurings.
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 Julia Moore media@harriswilliams.com
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