Harris Williams Advises Profile Products on its Sale to New Mountain Capital, LLC
November 16 2021 - 1:21PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Profile Products
(Profile), a portfolio company of Incline Equity Partners
(Incline), on its sale to New Mountain Capital, LLC (New Mountain).
Profile is a leading developer and manufacturer of highly
engineered specialty agriscience materials that promote
environmental sustainability while delivering superior performance
for horticulture, erosion control and other specialty applications.
The transaction was led by Tim Webb, John Lautemann, Chuck Walter,
Matt Crisafi and Nick Kron of the Harris Williams Industrials
Group.
“It was a pleasure working with management and Incline on this
transaction, and we are excited to see Profile continue to grow and
evolve under New Mountain’s ownership,” said Tim Webb, a managing
director at Harris Williams. “As the industry leader across a range
of green solutions, Profile CEO Jim Tanner and team have truly
built a best-in-class platform with multiple avenues for
growth.”
“Profile’s sale to New Mountain represents another premium
transaction for the firm within the specialty materials space,”
added John Lautemann, a director at Harris Williams. “With
differentiated technologies, a relentless focus on innovation and a
longstanding commitment to sustainability, Profile exemplifies the
assets we strive to represent in our practice.”
Headquartered in Buffalo Grove, Illinois, Profile has developed
a portfolio of highly innovative products designed to help its
customers generate higher yields, reduce costs and achieve
environmentally sustainable outcomes. The company has a long
history of innovation that has resulted in the development of
differentiated, IP-protected offerings used by customers across
multiple end markets including horticulture, infrastructure
services, sports fields and others. Profile’s Thermally Refined®
wood fiber substrate product, HydraFiber®, has been engineered as a
value-added component of horticultural growing media mixes, helping
growers improve root development and water retention while offering
cost advantages and greater environmental sustainability compared
to legacy growing media.
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.
New Mountain is a New York-based investment firm that emphasizes
business building and growth, rather than debt, as it pursues
long-term capital appreciation. The firm currently manages private
equity, credit and net lease real estate funds with over $35
billion in assets under management. New Mountain seeks out what it
believes to be the highest quality leaders in carefully selected
“defensive growth” industry sectors and works intensively with
management to build the value of these companies.
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 Industrials Group has experience across a
variety of sectors, including advanced manufacturing; 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.
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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Julia Moore media@harriswilliams.com
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