PNC Financial Services Group Stock Price, News & Analysis

Harris Williams, a global investment bank, is advising Veson Nautical on a significant growth investment from Francisco Partners. Veson, a leader in commercial maritime software, continues to attract investor interest due to the increasing demand for integrated, cloud-based solutions to address global supply chain challenges. The investment aims to strengthen Veson's position in the maritime sector, which is experiencing a digital transformation. With past backing from Pamlico Capital, this new partnership is expected to enhance Veson's market leadership.

Harris Williams is advising Lifemark Health Group on its sale to Loblaw Companies Limited, as part of Shoppers Drug Mart. Lifemark is Canada’s largest physiotherapy provider, operating approximately 300 clinics and recording 3 million patient visits annually. The deal reflects growing investor interest in outpatient rehabilitation services due to demographic changes and potential for organic growth. Lifemark's quality care and geographic reach position it well for ongoing success with Loblaw, enhancing health services for a broader patient base.

Harris Williams announced its advisory role in the sale of Stonewall Kitchen, a specialty food brand, to TA Associates. Stonewall Kitchen, known for its quality artisan products, has successfully expanded into personal care and home goods over its 30-year history. The company, founded by Jonathan King and Jim Stott, offers a diverse range of premium brands, including Vermont Coffee Company and Village Candle. The transaction highlights the brand's growth and the potential for further expansion under TA's ownership.

Harris Williams has announced promotions across its U.S. and European offices, reflecting its strong growth and record transaction volume in the past year. Key promotions include Anthony Basmajian, Jeff Kidd, and others to managing director, along with multiple individuals elevated to director and vice president roles. The firm attributes these advancements to its commitment to developing talent through an organic model, with many promoted having over a decade of service. Harris Williams aims to continue its growth following a historic year in M&A activity.

Harris Williams advised Smart Care Equipment Solutions on its sale to Zone Climate Services, a Wind Point Partners portfolio company. Smart Care, headquartered in St. Paul, Minnesota, is a national provider of kitchen equipment repair and maintenance services, servicing over 40,000 locations across the U.S. The transaction underscores the demand for need-based service providers in the food service industry, which remains attractive to investors. Audax Private Equity, Smart Care's previous owner, has invested significantly, and Zone is positioned as a leader in commercial refrigeration services in the Midwest.

The PNC Financial Services Group will announce its Q1 2022 financial results on April 14 at 6:45 a.m. ET. A conference call for investors, led by CEO William S. Demchak and CFO Robert Q. Reilly, is scheduled for the same day at 11 a.m. ET. Additionally, PNC's 2022 Annual Shareholders Meeting will occur virtually on April 27. Shareholders can participate by accessing the meeting at www.virtualshareholdermeeting.com/PNC2022. Key voting and proxy materials will be provided beforehand.