Harris Williams & Co. Advises A&R Logistics, Inc. in its Sale to Mason Wells
RICHMOND, Va. -- December 21, 2012
Harris Williams & Co., a preeminent middle market investment bank focused on
the advisory needs of clients worldwide, announces the sale of A&R Logistics,
Inc. (A&R) to Mason Wells and industry executives and investors Mark Holden
and Rich Mitchell (the Industry Executives). Joining Mason Wells and the
Industry Executives in the transaction were members of the existing A&R
management team and other investors. A&R is a leading provider of dry bulk
transportation, packaging, distribution, and logistics solutions serving the
chemical and plastic industries in North America. A&R was a portfolio company
of FdG Associates (FdG). Harris Williams & Co. acted as a financial advisor to
A&R. The transaction recently closed and was led by Jason Bass, Frank
Mountcastle, Joe Conner, Jeff Burkett and Jeff Kidd from the firm’s
Transportation and Logistics (T&L) Group.
“With a strong market leadership position, compelling industry fundamentals
and great prospects for continued growth, A&R represents a truly unique
platform in the transportation & logistics services sector,” said Jason Bass,
a managing director at Harris Williams & Co. and co-head of the firm's T&L
Group. “The management team, led by CEO Jeff O’Connor and CFO Brian Reichert,
has built a tremendous business that today sets the standard in the dry bulk
transportation industry for operating performance, safety and customer
A&R, headquartered in Morris, IL, provides a comprehensive suite of services
including over-the-road transportation, transloading, packaging, warehousing
and end-to-end outsourced transportation management through a nationwide
network of 25 facilities, a combination of company owned equipment and owner
operators and a non-asset based transportation management division.
FdG, headquartered in New York, NY, is a private investment firm providing
equity capital to North American-based middle market growth companies with
sound businesses and unrealized potential. By building a partnership with
management and offering creative problem solving and strategic, long-term
planning focused around key corporate initiatives, FdG empowers companies to
achieve their full growth potential and increase their equity value. FdG
pursues opportunities in business services, construction and industrial
services, consumer products and services, value-added distribution, light
manufacturing, retail and transportation and logistics.
Mason Wells, based in Milwaukee, WI, is a private equity firm that manages
more than $800 million of capital through the Mason Wells Buyout Funds. Since
1982, Mason Wells has closed more than 80 transactions through the Mason Wells
Buyout Funds and its predecessor funds. Mason Wells focuses its investments in
the Outsourced Business Services, Consumer Packaged Goods, Packaging Materials
& Converting, and the Engineered Products & Services industries.
Industry investors Mark Holden and Rich Mitchell bring significant
transportation industry resources and experience to A&R. Previously, Mark
Holden was President and CEO of Prime Distribution Services (PDS), a leading
provider of transportation management, warehousing and other value-added
logistics services. Prior to PDS, Mr. Holden was President of American
Commercial Lines (ACL), a $1 billion integrated marine transportation and
logistics company. Mark also held various executive management positions
including the Office of the CEO at Wabash National Corporation. Rich Mitchell
was Chief Financial Officer and Senior VP of Corporate Development at PDS.
Prior to PDS, Mr. Mitchell served as Senior VP of Corporate Strategy for ACL.
Mr. Mitchell also spent over 20 years in various capacities for United Parcel
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
Harris Williams & Co.'s T&L Group serves companies in a broad range of
attractive niches, including third-party logistics (3PL), surface
transportation, airport and aviation services, marine transportation,
transportation infrastructure, transportation equipment and the automotive and
heavy duty vehicle market. In addition to A&R, other recent clients include
marquee transportation and logistics industry names such as The Kenan
Advantage Group, Touchstone Wireless, LMS Intellibound and Charter Brokerage.
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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