RICHMOND, VA –(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it has advised KCF Technologies (KCF), a provider of machine uptime optimization, on its minority equity investment led by Graham Partners Growth, the growth strategy of Graham Partners. The transaction was led by Harris Williams Industrials Group’s Eric Logue and Jensen Dunn.
“The KCF team has built a unique IoT platform that provides real-time machine health information and analytics to industrial companies focused on implementing digital solutions. With the equity infusion led by Graham Partners Growth, we are excited to watch KCF continue to expand the reach of technologies aimed at digitally transforming industrial manufacturing operations,” said Eric Logue, Managing Director at Harris Williams.
“Despite innovations in artificial intelligence, machine learning and enterprise big data analytics, finding companies that use these technologies to deliver definitive, measurable value in industrial applications is a challenge. KCF is one of them with over 200,000 collective years of machine data, 60 billion machine health measurements and $2.7 billion in customer savings. We are truly honored to work with them and wish them continued success as they embark on this next chapter of growth with their new partners,” said Jensen Dunn, Principal at Harris Williams.
KCF, headquartered in State College, Pennsylvania, is a provider of machine health optimization. KCF is on a mission to permanently solve the complex asset problems plaguing the industry. The KCF team develops technologies and services that enable industrial enterprises to eliminate unplanned downtime, optimize their operations and stay ahead of their competition.
Graham Partners Growth is the equity growth strategy of Graham Partners, a private equity firm focused on investing in technology-driven companies that drive innovation in advanced manufacturing that leads to product substitution, raw material transformation and disruption to traditional end markets. Graham Partners can offer control or minority equity solutions and typically targets companies with EBITDA up to $50 million. Since the firm’s founding in 1988 by Stephen Graham, Graham Partners has completed more than 140 acquisitions, joint ventures, financings and divestitures. Committed capital raised since inception through Graham Partners’ funds, together with Graham-led co-investments, totaled approximately $3.7 billion, as distinguished from regulatory assets under management. Investors include high net worth individuals, college and university endowments, foundations, public and private pension plans, funds of funds and other institutional investors. Based in the suburbs of Philadelphia, the firm has access to extensive operational resources and industry expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms and philanthropic organizations that all share the common legacy of entrepreneur Donald Graham.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through milestones and provides thoughtful advice throughout the life of their business. By collaborating as one firm across industry groups and geographies, the firm helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in performance and building lasting, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams Industrials Group has expertise in a variety of sectors including advanced manufacturing; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and a member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 20 Farringdon Street, 8th Floor, London EC4A 4AB, United Kingdom, registered in the Companies Register 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: [email protected]). Geschäftsführer/Directors: Jeffrey 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 operate.