Harris Williams Advises AST LLC on Its Sale to Recognize Partners
January 27 2022 - 5:08PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised AST LLC (AST), a
portfolio company of Tailwind Capital (Tailwind), on its sale to
Recognize Partners (Recognize). AST is an award-winning
full-service cloud services solution provider, serving clients in
the public and commercial sectors for more than two decades.
Anthony Basmajian of the Harris Williams Business Services Group
and Priyanka Naithani of the firm’s Technology Group advised on the
transaction.
AST is an award-winning full-service enterprise systems
integrator, serving clients in the public and commercial sectors
for more than two decades. Clients look to AST for leadership and
assistance in systems integration, business process redesign,
project management, systems administration, and training. From
on-premise applications to modern cloud technology, AST’s services
encompass all aspects of enterprise resource planning, business
intelligence, enterprise performance management, customer
experience, and middleware. AST also offers flexible managed
services, supporting the needs of over 200 public sector and
commercial customers around the globe.
Tailwind is a leading private equity firm focused on services
investments within select end markets. Tailwind partners with
experienced management teams and entrepreneurs to transform
businesses through organic growth initiatives, acquisitions, and
operational and strategic investments. Since inception, Tailwind
has invested in 50 portfolio companies and over 150 add-on
acquisitions.
Recognize is a technology investment platform focused on the
technology services industry. The firm provides operational
expertise, industry insights and strategic capital to innovative
companies in this sector. Recognize is led by industry veterans
Frank D’Souza, Charles Phillips, David Wasserman and Raj Mehta.
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 Business Services Group has experience
advising companies that provide a range of commercial, industrial
and professional services. For more information on the firm’s
Business Services Group and other recent transactions, visit the
Business Services Group’s section of the Harris Williams
website.
The Harris Williams Technology Group advises leading private and
public companies, founders, and private equity, growth equity and
venture capital firms on mergers and acquisitions and
capital-raising transactions worldwide. The Technology Group has
deep domain expertise in software and technology-enabled services
and dedicated focus areas across a variety of vertical software
applications and end markets. For more information on the
Technology Group and its recent transactions, visit the Technology
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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