RICHMOND, Virginia – (COMMERCIAL THREAD) – Harris Williams, a global investment bank specializing in M&A advisory services, announces it has advised American Track, a holding company of Hilltop Private Capital (Hilltop) and PNC Mezzanine Capital (PNC MC), in as part of its recapitalization with DFW Capital Partners (DFW). American Track is a leading provider of inspection, maintenance, repair and specialty construction services for industrial rail infrastructure in the United States. The transaction was led by the Harris Williams Transportation & Logistics (T&L) group, comprising Joe Conner, Ty Denoncourt, Trey Balson, Justin Icardo and George Stephenson.
“The American Track transaction represents another superb result for the Harris Williams T&L group,” said Joe Conner, Managing Director of Harris Williams. “The sale adds to our rapidly growing transportation infrastructure practice and demonstrates the depth of our long-standing experience in the rail service industry. ”
“We enjoy working with great companies like American Track, with their market leadership, superior customer service and strong leadership team,” said Ty Denoncourt, principal at Harris Williams. “American Track CEO Tom Lucario and his entire team have made the company an impressive platform, and DFW will be a great partner for the company as it grows. ”
Based in Fort Worth, Texas, American Track provides engineering, repair, maintenance, and construction rail inspection services for critical rail infrastructure at industrial, municipal and logistics sites from various locations across the United States. United.
Hilltop is a private equity firm focused on providing flexible capital and operating resources to lower mid-market companies at an inflection point of growth or ownership. The company is managed by experienced investors who have a proven track record of supporting management teams to achieve their strategic, operational and financial goals.
PNC MC is a flexible junior capital provider with expertise in buyout, recapitalization and consolidation strategies. PNC MC invests in companies operating in a wide range of industries, but is particularly interested in manufacturing, value-added distribution, business services and consumer services. Since 1989, PNC MC has been a stable and thoughtful junior capital partner for private equity firms, independent sponsors, entrepreneurs and management teams. PNC MC’s approach is to embrace the long-term business strategy of the companies in their portfolio, enabling them to respond constructively to the opportunities and challenges of the changing business environment. As a result, PNC MC made 190 investments in 98 holding companies in support of 367 transactions. The investments are a combination of subordinated debt and equity between $ 10 million and $ 50 million in companies with strong leadership, proven business models, stable cash flow and a clear growth plan.
DFW is a private equity investment firm focused on lower middle market companies. The company focuses on service companies that cater to complex and regulated end markets, with a focus on healthcare and outsourced business and industry support services. DFW has a track record of over 20 years of success in both building leading companies and recognizing attractive returns for its investors. DFW is headquartered in Teaneck, New Jersey, and has an office in Chevy Chase, Maryland.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of businesses around the world through critical milestones and provides expert advice throughout the lifespan of their clients. companies. By collaborating as a single company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valued relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams Transportation & Logistics Group serves businesses in a wide range of attractive niches, including Third Party Logistics (3PL), Automotive & Heavy Duty, Transportation Equipment, and Truck, Rail, Ocean & Air . For more information on the company’s T&L group and other recent transactions, visit the T&L Group section of the Harris Williams website.
Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited liability company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (number d ‘registration 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 in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main -le-Main, Germany (email address: [email protected]). Geschäftsführer / Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd. and Harris Williams & Co. Corporate Finance Advisors GmbH carry on business.