Harris Williams Advises AST LLC on Its Sale to Recognize Partners

Rhea-AI Summary

Harris Williams announced its advisory role in the sale of AST LLC, a cloud services provider, to Recognize Partners. AST, supported by Tailwind Capital, has been servicing public and commercial sectors for over 20 years, delivering systems integration and managed services. Recognize, a tech investment platform led by industry veterans, aims to drive growth in the technology services sector. This transaction underscores Harris Williams' commitment to facilitating significant deals in the technology and services space.

Positive

• Harris Williams successfully advised AST LLC on its sale to Recognize Partners.
• AST has a long-standing reputation, serving clients for over 20 years.
• Recognize Partners focuses on growth in the technology services sector.

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• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised AST LLC (AST), a portfolio company of Tailwind Capital (Tailwind), on its sale to Recognize Partners (Recognize). AST is an award-winning full-service cloud services solution provider, serving clients in the public and commercial sectors for more than two decades. Anthony Basmajian of the Harris Williams Business Services Group and Priyanka Naithani of the firm’s Technology Group advised on the transaction.

AST is an award-winning full-service enterprise systems integrator, serving clients in the public and commercial sectors for more than two decades. Clients look to AST for leadership and assistance in systems integration, business process redesign, project management, systems administration, and training. From on-premise applications to modern cloud technology, AST’s services encompass all aspects of enterprise resource planning, business intelligence, enterprise performance management, customer experience, and middleware. AST also offers flexible managed services, supporting the needs of over 200 public sector and commercial customers around the globe.

Tailwind is a leading private equity firm focused on services investments within select end markets. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has invested in 50 portfolio companies and over 150 add-on acquisitions.

Recognize is a technology investment platform focused on the technology services industry. The firm provides operational expertise, industry insights and strategic capital to innovative companies in this sector. Recognize is led by industry veterans Frank D’Souza, Charles Phillips, David Wasserman and Raj Mehta.

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 Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams website.

The Harris Williams Technology Group advises leading private and public companies, founders, and private equity, growth equity and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The Technology Group has deep domain expertise in software and technology-enabled services and dedicated focus areas across a variety of vertical software applications and end markets. For more information on the Technology Group and its recent transactions, visit the Technology 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, please contact Julia Moore at media@harriswilliams.com.

Source: Harris Williams,