Harris Williams Advises TorcSill Foundations, LLC on its Sale to White Deer Energy
October 24 2019 - 7:38AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised TorcSill
Foundations, LLC (TorcSill), a portfolio company of Intervale
Capital, LLC (Intervale), on its sale to a newly-formed entity
owned primarily by White Deer Energy (White Deer). TorcSill is a
leading provider of deep-foundation solutions for energy,
industrial and power end markets. The transaction was led by Luke
Semple, Drew Spitzer, Ian Thomas and Marshall Wills of the Harris
Williams Energy, Power & Infrastructure (EPI) Group.
“In a short period of time, TorcSill has established itself as a
leading provider of engineered deep-foundation solutions for
energy, industrial and power infrastructure. Whether a
mission-critical downstream facility, midstream infrastructure, or
power transmission and distribution infrastructure, TorcSill
delivers best-in-class, innovative solutions that are displacing
traditional foundation systems,” said Luke Semple, a managing
director at Harris Williams.
“TorcSill has achieved impressive organic growth under
Intervale’s ownership and is well-positioned to further penetrate
existing and new markets. We look forward to following the
company’s next chapter under its new partnership with White Deer,”
added Semple.
TorcSill is a leading provider of engineered helical pile and
anchor foundation solutions to clients in a broad range of markets.
Helical piles, also known as helical piers and screw piles, are a
proven foundation solution for energy, industrial and commercial
applications. TorcSill’s turnkey product and service package
includes in-house research and development, design, manufacturing,
installation and installation consulting services. TorcSill’s
helical piles are rigorously tested and customizable to meet
specific project needs. TorcSill’s team is one of the most
experienced in the industry, and trusted to provide foundations for
some of the most demanding projects under construction today.
Intervale is a middle market private equity firm that invests in
and builds market leaders in the energy and infrastructure products
and services sector. The firm operates from offices in Houston and
Boston and has raised $1.3 billion of committed capital since its
inception in 2006. Intervale portfolio companies include Innovex
Downhole Solutions, Milestone Environmental Services, Enercorp Sand
Solutions, Entegra, Taurex Drill Bits, Aegis Chemical Solutions,
among others.
White Deer is a middle market private equity firm that invests
in energy and industrial services and equipment companies,
midstream infrastructure and exploration and production
opportunities. The firm, which is based in Houston and New York,
has raised in excess of $2.7 billion of committed capital since its
founding in 2008.
The Harris Williams EPI Group has experience across a broad
range of sectors, including industrial and infrastructure services;
oil and gas equipment and services; energy efficiency and clean
tech; power products and technology; engineering and construction;
and environmental services. For more information on the firm’s
energy, power, and infrastructure experience, please visit the EPI
Group’s section of the Harris Williams website.
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).
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 5th Floor, 6 St. Andrew Street, London EC4A 3AE, 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. awaited). 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.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20191024005524/en/
Katie Langemeier, associate brand manager +1 (804) 648-0072
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