Harris Williams & Co. Named Middle Market Investment Bank of the Year
M&A Market Update: Middle market activity remains strong. Harris Williams & Co. takes top honors as Investment Bank of the Year.
Richmond, VA (PRWEB) January 24, 2008 -- Harris Williams & Co. is pleased to announce that it has been named Middle Market Investment Bank of the Year by Investment Dealer's Digest (IDD). This award follows on the heels of the firm's 2005 selection as Buyouts magazine's Investment Bank of the Year and builds on a longstanding pattern of recognition that continues to validate the success of Harris Williams & Co.'s platform.
Harris Williams & Co.'s recognition is based on a variety of quantitative and qualitative factors including the firm's performance throughout the year, its strong reputation in the market for quality, and its ability to deliver results for its clients.
In 2007, Harris Williams & Co. had another record year. The firm closed almost $9 billion in aggregate transaction volume, up more than 30% from 2006. 50% of the firm's 2007 transactions were sold to strategic buyers and 20% were cross-border transactions. Furthermore, since difficulties in the credit market began in July, Harris Williams & Co. has closed 28 sellside transactions.
"The recognition by IDD is extremely exciting for us, and we thank our clients and employees for their contribution to our success," said Hiter Harris, Managing Director and co-founder of Harris Williams & Co. "Over our 17-year history, we have strived for excellence in everything that we do and this award supports our success."
"We are honored by this award, particularly in light of the challenges occurring in today's market," said Chris Williams, Managing Director and co-founder of Harris Williams & Co. "Despite the credit crunch, we closed a record number of transactions in 2007 and 2008 is off to a very strong start. We appreciate the hard work of our people for making this happen and the support from our clients."
In December, Harris Williams & Co.'s sale of Cushcraft Corporation to Laird Technologies was named Deal of the Year by the Association for Corporate Growth and Mass High Tech and the firm had its third professional ranked among the nation's Top 40 Under 40.
The article can be found in the January 21, 2008 edition of IDD and on www.iddmagazine.com.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (www.pnc.com; NYSE:PNC), is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market. Harris Williams & Co. represents private equity groups as well as publicly and privately held companies worldwide.
Merger and acquisition services are provided by Harris Williams LLC, a registered broker-dealer and member FINR and SIPC. Harris Williams & Co. is the trade name under which Harris Williams LLC conducts its business.
For general release inquiries, contact Marketing Director, Kimberly Baker at 804-648-0072.
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