Harris Williams & Co. Advises Garretson Resolution Group in its
Recapitalization by Harvest Partners
RICHMOND, Va. -- December 21, 2012
Harris Williams & Co., a preeminent middle market investment bank focused on
the advisory needs of clients worldwide, announces the recapitalization of
Garretson Resolution Group (GRG), a rapidly growing provider of party-neutral
outsourced medical lien resolution and complex settlement administration
services, by Harvest Partners (Harvest) and the GRG management team. GRG was a
portfolio investment of Pfingsten Partners, L.L.C. (Pfingsten Partners).
Harris Williams & Co. served as the exclusive financial advisor to GRG and
Pfingsten Partners. The transaction closed on December 20, 2012 and was led by
Derek Lewis, Brent Spiller, Corey Benjamin and Jason Klinghoffer from the
firm’s Richmond office.
“We are excited to have helped the Garretson management team find a new
partner that shares its vision for the company’s future. GRG is truly a
pioneer and an innovator in healthcare lien resolution and complex settlement
administration services. We look forward to following the continued growth and
success of the company,” said Derek Lewis, managing director and co-head of
the Business Services Group at Harris Williams & Co.
Founded in 1998, GRG serves law firms, corporations, insurance companies,
plaintiffs and defendants in mass tort, class action and single event
litigations. GRG is headquartered in Cincinnati, OH, and has additional
facilities in Charlotte, NC, New Orleans, LA and Chattanooga, TN. GRG’s
management team, including Founder & CEO Matt Garretson and President Jason
Wolf, will continue to lead the company.
Pfingsten Partners (www.pfingstenpartners.com) is an operationally focused
private equity firm formed in 1989. From its headquarters in Chicago and
representative offices in ChangAn, China, and New Delhi, India, the firm
builds better businesses through operational improvements, professional
management practices, global capabilities and profitable business growth
rather than financial engineering. Since completing its first investment in
1991, Pfingsten Partners has raised four funds with total commitments of
approximately $1.0 billion, and has made portfolio investments in 86
manufacturing, distribution and business services companies.
Founded in 1981, Harvest (www.harvpart.com) is a leading New York-based
private equity investment firm. Harvest focuses on investing in leading
companies in the business and industrial services, manufacturing and
distribution, midstream energy and consumer products and retail sectors. This
strategy leverages Harvest’s experience over more than 30 years in financing
organic and acquisition-oriented growth companies.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial
Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank
focused on the advisory needs of clients worldwide. The firm has deep industry
knowledge, global transaction expertise and an unwavering commitment to
excellence. Harris Williams & Co. provides sell-side and acquisition advisory,
restructuring advisory, board advisory, private placements and capital markets
The firm’s Business Services Group is dedicated to serving the needs of middle
market companies within the rapidly evolving service-based economy. For more
information, contact Derek Lewis at +1 (804) 648-0072.
Investment banking services are provided by Harris Williams LLC, a registered
broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd,
which is authorized and regulated by the Financial Services Authority. Harris
Williams & Co. is a trade name under which Harris Williams LLC and Harris
Williams & Co. Ltd conduct business.
For general release inquiries, please contact Kimberly Baker, marketing
director, at +1 (804) 648-0072.
Harris Williams & Co.
Kimberly Baker, +1 804-648-0072
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