PNC Financial Services Group Stock Price, News & Analysis

Harris Williams has advised Cold Jet, a leader in dry ice technologies, on a minority investment from Seidler Equity Partners and Stonehenge Partners. Cold Jet focuses on environmental cleaning and dry ice production, utilizing recycled CO₂ for sustainable solutions. The investment aims to support Cold Jet's growth, with CEO Gene Cooke remaining a majority shareholder. Seidler has over $3.5 billion in assets under management, while Stonehenge has raised more than $1 billion for investments. The transaction reflects strong investor interest in industrial assets.

Cold Jet, a leader in dry ice technologies, has announced a minority investment partnership with Seidler Equity Partners and Stonehenge Partners, facilitated by Harris Williams. The collaboration aims to enhance Cold Jet's growth trajectory, leveraging its environmentally sustainable solutions. Cold Jet focuses on innovative dry ice applications for cleaning and food transportation, contributing significantly to health safety in vaccine distribution during the COVID-19 pandemic. With operations in multiple regions, the company is well-positioned for long-term market growth.

Harris Williams, a global investment bank, is advising Coastal Forest Resources Company on the sale of its subsidiary, Coastal Plywood Company, to Boise Cascade Company (NYSE: BCC). Coastal, a prominent supplier of plywood and treated wood products in the U.S. Southeast, has approximately 750 employees. The transaction awaits customary closing conditions, including antitrust approval. Boise Cascade is a major North American producer of engineered wood products and plywood. Harris Williams is part of the PNC Financial Services Group (NYSE: PNC).

The PNC Financial Services Group will release its second-quarter financial results on July 15, 2022, at 6:30 a.m. (ET). A conference call with Chairman William S. Demchak and CFO Robert Q. Reilly will follow at 8 a.m. (ET). Investors can access the call by dialing (877) 885-9714 or (212) 231-2906 for international participants. Additional resources, including a live audio webcast and supplementary materials, will be available on www.pnc.com/investorevents.

PNC Bank has entered a multi-year agreement with AEG Presents, becoming the exclusive banking partner of Fiddler’s Green Amphitheatre. The amphitheater's two main plazas will be renamed to PNC Plaza North and PNC Plaza South. This partnership reflects PNC's commitment to community engagement and cultural initiatives, enhancing the guest experience through on-site activations and events. Effective immediately, the branding will feature prominently at the venue, which hosts over 200,000 visitors annually.

Harris Williams has advised Crete Mechanical Group (CMG) on its partnership with Ridgemont Equity Partners, which aims to enhance CMG's growth in HVAC, plumbing, and building automation services across North America. This partnership marks a significant step in CMG's strategy to expand its network of mechanical service providers, leveraging Ridgemont's investment capabilities. Ridgemont, a growth equity investor, focuses on companies needing up to $250 million in equity investments. The collaboration is expected to facilitate both organic and inorganic growth for CMG.

Harris Williams has advised Dermatologists of Central States (DOCS) on its partnership with SkyKnight Capital. DOCS is a leading dermatology practice with over 80 locations across several states, including Ohio and Michigan. The partnership aims to enhance DOCS' growth after its successful tenure under Sheridan Capital Partners, which saw significant expansion. The dermatology sector has attracted heightened investor interest, as noted by Harris Williams executives. DOCS is recognized for its clinical excellence and provider-focused culture, positioning it strongly for future growth.

PNC Financial Services Group (NYSE: PNC) will be represented by Executive Vice President and CFO Robert Q. Reilly at the Morgan Stanley US Financials Conference on June 14, 2022, at 11 a.m. ET in New York City. The discussion will focus on PNC's business performance and strategy in the banking sector. A live webcast and related materials will be available on PNC's investor events page, including cautionary statements regarding forward-looking information. A replay of the webcast will be accessible for 30 days.