Harris Williams Advises American Track on Its Recapitalization With DFW Capital Partners

Rhea-AI Summary

Harris Williams has successfully advised American Track, a company under Hilltop Private Capital and PNC Mezzanine Capital, on its recapitalization with DFW Capital Partners. American Track specializes in inspection, maintenance, repair, and construction services for the railroad sector in the U.S. This strategic move is expected to bolster American Track's growth trajectory and enhance its market position. With a solid management team and a commitment to superior customer service, American Track is poised for continued success in the industrial railroad infrastructure market.

Positive

• Successful recapitalization with DFW Capital Partners enhances growth potential.
• American Track's strong market position and experienced management team.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised American Track, a portfolio company of Hilltop Private Capital (Hilltop) and PNC Mezzanine Capital (PNC MC), on its recapitalization with DFW Capital Partners (DFW). American Track is a leading provider of inspection, maintenance, repair and specialized construction services for industrial railroad infrastructure in the United States. The transaction was led by the Harris Williams Transportation & Logistics (T&L) Group, including Joe Conner, Ty Denoncourt, Trey Balson, Justin Icardo and George Stephenson.

“The American Track transaction represents another superb outcome for the Harris Williams T&L Group,” said Joe Conner, a managing director at Harris Williams. “The sale adds to our rapidly growing transportation infrastructure practice and highlights the depth of our longstanding experience in the rail services sector.”

“We love working with great companies like American Track, with its market leading position, superior customer service and strong management team,” said Ty Denoncourt, a director at Harris Williams. “American Track CEO Tom Lucario and his entire team have built the company into an impressive platform, and DFW will be a great partner for the business as it continues to grow.”

Headquartered in Fort Worth, Texas, American Track provides railroad inspection engineering, repair and maintenance, and construction services for critical rail infrastructure at industrial, municipal and logistics sites from various locations across the U.S.

Hilltop is a private equity firm focused on providing flexible capital and operating resources to lower-middle market companies at a growth or ownership inflection point. The firm is operated by experienced investors with a successful track record of supporting management teams to reach their strategic, operational and financial goals.

PNC MC is a flexible junior capital provider with expertise supporting buyouts, recapitalizations and consolidation strategies. PNC MC invests in companies operating in a wide range of industries, but has particular interest in manufacturing, value-added distribution, business services and consumer services. Since 1989, PNC MC has been a stable, thoughtful junior capital partner for private equity firms, independent sponsors, entrepreneurs and management teams. PNC MC's approach is to underwrite the long-term business strategy of their portfolio companies, allowing them to respond constructively to the opportunities and challenges of the changing business environment. As a result, PNC MC has made 190 investments in 98 portfolio companies in support of 367 transactions. Investments are a combination of subordinated debt and equity between $10 million and $50 million in companies with strong management, proven business models, stable cash flows and a clear plan for growth.

DFW is a private equity investment firm focused on lower-middle market companies. The firm concentrates on service companies catering to complex and regulated end markets, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a more than 20 year track record of success in both building leading companies and recognizing attractive returns for its investors. DFW is headquartered in Teaneck, New Jersey, and maintains an office in Chevy Chase, Maryland.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC).

The Harris Williams Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy-duty vehicle, transportation equipment, and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

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For media inquiries

Julia Moore

media@harriswilliams.com

Source: Harris Williams LLC

FAQ

What recent transaction involving PNC was announced?

Harris Williams advised American Track on its recapitalization with DFW Capital Partners.

What services does American Track provide?

American Track offers inspection, maintenance, repair, and specialized construction services for railroad infrastructure.

Who is the investment partner for American Track's recapitalization?

DFW Capital Partners is the investment partner involved in American Track's recapitalization.

Who are the private equity firms involved with American Track?

Hilltop Private Capital and PNC Mezzanine Capital are the private equity firms involved with American Track.

What is the significance of this transaction for American Track?

The recapitalization is expected to facilitate growth and strengthen American Track's position in the market.