PNC Financial Services Group Stock Price, News & Analysis

Harris Williams has successfully advised American Veterinary Group (AVG) on its sale to Oak Hill Capital. AVG operates a network of veterinary hospitals in the Southeastern U.S., serving over 500,000 pets annually. The deal, supported by Latticework Capital Management and Trive Capital, was facilitated by the expertise of Harris Williams' Healthcare & Life Sciences and Consumer Groups. The management team expressed gratitude for the partnership with Harris Williams and is optimistic about AVG's future growth with Oak Hill, leveraging its differentiated service offerings.

The PNC Financial Services Group, Inc. will announce its first quarter 2021 financial results on April 16, 2021, at approximately 6:45 a.m. (ET). A conference call for investors is scheduled for the same day at 9 a.m. (ET). Additionally, PNC will hold its 2021 Annual Meeting of Shareholders on April 27, 2021, which will be conducted virtually.

All relevant details, including dial-in numbers for the conference call and a link to the webcast, are accessible on PNC’s website.

Harris Williams has successfully advised GSL Solutions, Inc. on its sale to BD (Becton, Dickinson and Company), a global leader in medical technology. The transaction, led by key figures including Andy Dixon and Taylor Will, highlights a significant achievement in the pharmacy automation sector. With over 22 years of experience, GSL aims to expand its market presence post-acquisition. Harris Williams, a subsidiary of PNC Financial Services Group, continues to showcase its expertise in M&A advisory services.

Harris Williams announced its advisory role in the sale of TricorBraun, a leading packaging distributor, to funds managed by Ares Management and Ontario Teachers’ Pension Plan. AEA Investors will retain a minority stake in TricorBraun post-transaction. TricorBraun, with over $1.5 billion in annual sales, serves various sectors including personal care and food & beverage, operating from 50 locations worldwide. The transaction further highlights Ares Management's extensive asset management capabilities, which total approximately $197 billion.

The PNC Asset Management Group announced Amanda Agati as the new Chief Investment Officer (CIO), effective April 9, 2021, succeeding Mark McGlone, who will retire after 40 years. Carole Brown, head of the group, praised Agati's expertise and leadership in investment strategies. Agati will be responsible for developing investment policies and strategies, while also leading internal committees. Additionally, Dan Brady will take over as Chief Investment Strategist, and Nick Ashburn will head Responsible Investing on the same date.

Harris Williams, a global investment bank, announced the sale of International Sports Sciences Association (ISSA), a portfolio company of the BERKS Group, to Tailwind Capital. The deal reflects ISSA's strong position in the eLearning and certification market for fitness professionals, boasting over 300,000 trained students globally. The transaction highlights Harris Williams' expertise in the professional education sector and underscores ISSA's continued growth trajectory despite economic uncertainties. The leadership of ISSA under CEO Andrew Wyant is also noted for driving this success.

Harris Williams has announced its advisory role in the acquisition of 7days by Chequers Capital, a leading investor in mid-cap private equity. 7days, a prominent supplier of workwear for medical professionals, was previously backed by Silverfleet Capital. The acquisition reflects Chequers Capital's strategy to invest in companies with strong growth potential, capitalizing on the increasing demand for workwear in the healthcare sector. This deal signals a robust market opportunity as 7days shows resilience with a broad customer base across 12 countries.

On February 25, 2021, Early Warning Services, LLC and The Clearing House announced that Zelle transactions can now be cleared and settled over the RTP network. This integration enables Bank of America and PNC Bank to deliver real-time payments, improving efficiency and reducing costs for both consumers and businesses. The partnership provides a fully digital payment experience, allowing businesses to enhance customer satisfaction and streamline operations. Consumers will benefit from greater control over payment timing and immediate payment confirmations.