Harris Williams Advises Two Sigma Impact and Avance Investment Management on Their Investment in Wholesale Supplies Plus
May 06 2021 - 2:00PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Two Sigma Impact
and Avance Investment Management (Avance) on their investment in
Wholesale Supplies Plus (WSP). WSP is a leading e-commerce provider
of ingredients and supplies to commercial artisans who create
personal care, beauty and home fragrance products. The transaction
was led by Kelly McPhilliamy and Beau Pierce of the Harris Williams
Consumer Group.
“Commercial artisans rely on WSP for the high-quality
ingredients and supplies they need to create skincare, candles and
soap. It is a leader in a vibrant and growing sector within beauty
and personal care,” said Kelly McPhilliamy, a managing director at
Harris Williams. “It was a pleasure working with the teams at Two
Sigma Impact, Avance and WSP on this transaction, and we are
excited to see WSP continue to thrive under its new ownership.”
“We look forward to partnering with Avance and the WSP
management team as the company continues its mission of empowering
artisans and small businesses to find success in their trade,” said
Amar Doshi, senior principal at Two Sigma Impact.
“We enjoyed the collaboration with Harris Williams in making our
fund’s inaugural investment, and we are excited to support the
pursuit of our shared vision for WSP with the management team and
Two Sigma Impact,” said Luis Zaldivar, co-founder and managing
partner of Avance.
Two Sigma Impact is a business of Two Sigma. Its mission is to
combine active, principled ownership and data science with the goal
of achieving superior returns and positive social outcomes. The Two
Sigma Impact team is focused on workforce impact – where they
anticipate innovative and thoughtful investments in humans will
lead to an enhanced employee experience, productivity and long-term
financial returns. As part of Two Sigma, Two Sigma Impact has
access to expertise in data science, technology, and a range of
corporate specialties, and seeks to support its portfolio companies
with those resources.
Avance is a private equity firm with a passion for building
great businesses in partnership with talented management teams.
Avance focuses primarily on thematic investments within the
services and consumer areas in the U.S., seeking attractive
opportunities with catalysts for growth and fragmented spaces with
consolidation opportunities. Avance's team has a long history of
partnering with founder-owned businesses, industry executives, and
management teams and aims to add value to each investment through
the application of its STAGE value creation framework. Avance has
offices in New York and Miami.
WSP is an industry-leading provider of high-quality raw
materials, supplies and packaging for soap, skincare and candle
artisans. The company's broad product assortment and complementary
support enable an expanding artisan community to meet growing
consumer demand for authentic, local and clean label personal
products.
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 Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer 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
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