Harris Williams & Co. Advises AAMCO Transmissions, Inc. in Its Sale to American Capital Strategies
RICHMOND, Va.--March 8, 2006--Harris Williams & Co. is pleased to announce the sale of AAMCO Transmissions, Inc. ("AAMCO" or the "Company") to American Capital Strategies ("American Capital"). The transaction closed on March 7, 2006 and was executed by Harris Williams & Co.'s Transportation & Logistics Group. Harris Williams & Co. acted as the exclusive advisor to AAMCO.Bram Hall, head of Harris Williams & Co.'s Transportation & Logistics Group, said, "The Morgan family has built a tremendous business and one of the best brands in the automotive aftermarket, with over 95% brand awareness. We believe American Capital is a terrific partner that will continue the Company's strong legacy of success."
AAMCO Transmissions, Inc. (www.aamcotransmissions.com) is one of the most venerable and recognizable brand names in the automotive repair and service industry. Founded by franchising pioneer Robert Morgan in 1963, AAMCO is the nation's leading transmission repair specialist, with over 740 independently owned and operated AAMCO centers across 47 states, Puerto Rico, and Canada. The Company's national footprint, strong brand, and reputation for quality have enabled AAMCO to attract over 25 million retail customers and blue-chip fleet accounts, as well as one of the strongest franchisee bases in the industry.
American Capital (www.americancapital.com) is a publicly traded buyout and mezzanine fund with capital resources of approximately $7 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to early stage and mature private and small public companies, and through its asset management business, is a manager of debt and equity investments in private companies and commercial loan obligations. American Capital provides senior debt, mezzanine debt, and equity to fund growth, acquisitions, recapitalizations, and securitizations. American Capital invests up to $300 million per transaction.
Harris Williams & Co., a subsidiary of The PNC Financial Services Group, Inc. , is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market. With offices in Richmond, San Francisco, Boston, Philadelphia, and Minneapolis, Harris Williams & Co. represents private equity groups as well as publicly and privately held companies worldwide. The firm's Transportation & Logistics Group serves manufacturing, distribution, and service companies in the automotive, transportation, and logistics industries. It has been one of the most active advisors to the automotive and heavy-duty aftermarket over the past two years. For more information about Harris Williams & Co., please visit www.harriswilliams.com.
Harris Williams & Co. is the trade name under which Harris Williams LLC conducts its business. Member NASD/SIPC.
Bram Hall, John Neuner, and Chris Williams led the deal team out of Harris Williams & Co.'s Richmond office. For more information regarding this transaction, contact 804-648-0072.
For general release inquiries, contact Marketing Director, Kimberly Baker at 804-648-0072.