PNC Financial Services Group Stock Price, News & Analysis

Harris Williams has successfully advised Hunt Valve Company on its sale to Fairbanks Morse Defense. This strategic acquisition positions Fairbanks Morse to better serve the U.S. Navy, enhancing its capabilities in the defense maritime sector. Hunt Valve specializes in manufacturing critical valves and electromechanical actuators for military applications. The partnership aims to leverage market demand for defense contractors as the U.S. Navy expands its fleet. May River Capital, Hunt Valve's owner, focuses on lower-middle market industrial growth investments.

PNC Financial Services Group has appointed Amanda Rosseter as its new chief communications officer. Rosseter brings nearly thirty years of experience in communications, having previously led strategic communications at Equifax and The Coca-Cola Company. Her role at PNC will involve enhancing internal and external communications during the company's national expansion as the fifth largest commercial banking organization in the U.S. She succeeds Kristen Baird Adams, who will return to a strategic role in PNC's regional operations.

PNC Financial Services Group will release its third-quarter financial results on October 15, 2021, at approximately 6:45 a.m. (ET). Following this, a conference call for investors will be held at 9 a.m. (ET), featuring PNC's Chairman and CEO William S. Demchak and CFO Robert Q. Reilly. Investors can access details, including a live audio webcast and supplementary financial information, at www.pnc.com/investorevents. A replay of the call will be available for one week.

Harris Williams announced it advised Deacom, Inc. on its sale to ECI Software Solutions, a portfolio company of Leonard Green & Partners and Apax Partners. Deacom specializes in cloud-based ERP software for process manufacturers and distributors. The acquisition aims to enhance production workflows and drive automation in the manufacturing sector. Deacom's solutions are designed for operational efficiency, product quality, and cost reductions. The deal highlights Harris Williams' expertise in the industrial software sector and its commitment to deliver value in M&A transactions.

Harris Williams advised Tecta America Corporation, a leading U.S. commercial roofing firm, on its minority investment from Leonard Green & Partners while Altas Partners retains majority ownership. The transaction, led by Harris Williams' Business Services and Industrials Groups, highlights Tecta America's industry leadership, commitment to quality, and expansive reach with over 85 locations. The partnership with LGP is expected to enhance Tecta America's leadership team and foster growth, leveraging LGP's experience in supporting market-leading companies.

Harris Williams, a global investment bank, is advising SavATree on its pending sale to Apax Funds. SavATree, a leader in tree, shrub, and lawn care, operates in 27 states with a 40-year history and a commitment to environmental care. CI Capital Partners, SavATree's current owner, has successfully partnered in this transaction, marking a positive outcome for the residential and commercial services sector. Apax Funds aims to strengthen SavATree's market position with long-term equity financing. Harris Williams, a subsidiary of PNC, specializes in M&A advisory services.

PNC Financial Services Group announced that its Chairman, President, and CEO William S. Demchak, along with CFO Robert Q. Reilly, will participate in a virtual discussion on business performance and strategy. This event is scheduled for September 14, 2021, at 11:15 a.m. ET during the Barclays Global Financial Services Conference. A live webcast and related materials will be available on www.pnc.com/investorevents. PNC continues to deliver comprehensive financial services across retail and business banking.

Harris Williams, an investment bank specializing in M&A advisory, has advised ResMan on its sale to Inhabit IQ. ResMan is a leading SaaS solution provider for property management companies across various markets in the U.S. The transaction enhances Inhabit IQ's service offerings and strengthens its strategic partnerships. ResMan's technology platform is designed to improve operations and tenant experiences for property management firms. Mainsail Partners, the majority stakeholder, is recognized for investing in high-growth software companies, emphasizing a collaborative approach to business growth.