PNC Financial Services Group Stock Price, News & Analysis

Harris Williams has announced that it advised D&H United Fueling Solutions on its sale to Wind Point Partners. D&H United specializes in testing, inspection, repair, and installation services for fueling stations and EV charging infrastructure in the U.S. The transaction highlights the strong investor interest in companies providing essential services within fragmented industries. D&H United operates 16 branches with over 570 employees and is an authorized distributor for major equipment brands. Wind Point Partners, a Chicago-based private equity firm, manages approximately $5 billion in assets.

Harris Williams, a prominent investment bank, is advising Authority Brands on its pending sale to British Columbia Investment Management Corporation (BCI) and Apax Funds, which will retain majority ownership. Authority Brands is the leading home service franchisor in North America, boasting a portfolio of 12 franchisors and approximately 860 franchise owners. Under Apax's ownership, the company has seen significant growth, tripling in size. This transaction signals continued investor interest in residential services and franchising, driven by strong demand for home improvement solutions.

Harris Williams has advised Cority, a global leader in environmental, health, and safety (EHS) software, on its acquisition of Reporting 21, a Paris-based sustainability-focused SaaS platform. This transaction strengthens Cority's position in the compliance software market, enhancing its offerings with Reporting 21's expertise. Cority serves over 1,400 clients globally, utilizing its software to facilitate safer work environments. The acquisition is part of Thoma Bravo's strategic initiatives, which manages over $114 billion in assets and focuses on growth-oriented tech companies.

Harris Williams announces its advisory role in the pending sale of PharmaLex Group to AmerisourceBergen. PharmaLex is recognized for its specialized services in the pharma, biotech, and medtech sectors, with over 2,000 employees and 65 offices in 30 countries. The transaction, praised by Harris Williams managing directors, highlights PharmaLex's strong positioning for growth amidst increasing outsourcing demands in the industry. AmerisourceBergen ranks 10th on the Fortune 500 with over $200 billion in annual revenue, enhancing PharmaLex's prospects.

Harris Williams has successfully advised People, Pets & Vets (PPV) in its acquisition by VetCor, a move expected to enhance the veterinary services sector. PPV is recognized for its extensive network of animal hospitals across the United States and has been noted for its community impact and high-quality services. The joining of forces with VetCor, which operates 549 locations, will create a stronger entity in the veterinary market. Both companies are backed by established private equity firms, Cressey & Company and Harvest Partners, underlining the strategic nature of this transaction.

PNC Financial Services Group, Inc. will release its third-quarter earnings on October 14, 2022, at 6:45 a.m. ET. Following this, a conference call for investors will be held at 11 a.m. ET with PNC Chairman and CEO William S. Demchak and CFO Robert Q. Reilly. Investors can access the call at www.pnc.com/investorevents. A replay of the call will be available for one week. PNC is a leading diversified financial services institution in the U.S.

Harris Williams advised Jordi Labs on its sale to RQM+, a subsidiary of Linden Capital Partners. Jordi Labs offers comprehensive analytical chemistry testing services, primarily for medical device manufacturers. The transition is expected to create significant synergies and accelerate growth. RQM+ is a leading MedTech service provider with extensive regulatory and clinical expertise, serving major medical device firms. Linden Capital focuses on healthcare investments and has raised over $6.5 billion since its inception.