Harris Williams & Co. Advises Garretson Resolution Group in its Recapitalization by Harvest Partners

Fri Dec 21, 2012 12:06pm EST

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RICHMOND, Va.--(Business Wire)--
Harris Williams & Co., a preeminent middle market investment bank focused on the
advisory needs of clients worldwide, announces the recapitalization of Garretson
Resolution Group (GRG), a rapidly growing provider of party-neutral outsourced
medical lien resolution and complex settlement administration services, by
Harvest Partners (Harvest) and the GRG management team. GRG was a portfolio
investment of Pfingsten Partners, L.L.C. (Pfingsten Partners). Harris Williams &
Co. served as the exclusive financial advisor to GRG and Pfingsten Partners. The
transaction closed on December 20, 2012 and was led by Derek Lewis, Brent
Spiller, Corey Benjamin and Jason Klinghoffer from the firm`s Richmond office. 

"We are excited to have helped the Garretson management team find a new partner
that shares its vision for the company`s future. GRG is truly a pioneer and an
innovator in healthcare lien resolution and complex settlement administration
services. We look forward to following the continued growth and success of the
company," said Derek Lewis, managing director and co-head of the Business
Services Group at Harris Williams & Co. 

Founded in 1998, GRG serves law firms, corporations, insurance companies,
plaintiffs and defendants in mass tort, class action and single event
litigations. GRG is headquartered in Cincinnati, OH, and has additional
facilities in Charlotte, NC, New Orleans, LA and Chattanooga, TN. GRG`s
management team, including Founder & CEO Matt Garretson and President Jason
Wolf, will continue to lead the company. 

Pfingsten Partners (www.pfingstenpartners.com) is an operationally focused
private equity firm formed in 1989. From its headquarters in Chicago and
representative offices in ChangAn, China, and New Delhi, India, the firm builds
better businesses through operational improvements, professional management
practices, global capabilities and profitable business growth rather than
financial engineering. Since completing its first investment in 1991, Pfingsten
Partners has raised four funds with total commitments of approximately $1.0
billion, and has made portfolio investments in 86 manufacturing, distribution
and business services companies. 

Founded in 1981, Harvest (www.harvpart.com) is a leading New York-based private
equity investment firm. Harvest focuses on investing in leading companies in the
business and industrial services, manufacturing and distribution, midstream
energy and consumer products and retail sectors. This strategy leverages
Harvest`s experience over more than 30 years in financing organic and
acquisition-oriented growth companies. 

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial
Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank
focused on the advisory needs of clients worldwide. The firm has deep industry
knowledge, global transaction expertise and an unwavering commitment to
excellence. Harris Williams & Co. provides sell-side and acquisition advisory,
restructuring advisory, board advisory, private placements and capital markets
advisory services. 

The firm`s Business Services Group is dedicated to serving the needs of middle
market companies within the rapidly evolving service-based economy. For more
information, contact Derek Lewis at +1 (804) 648-0072. 

Investment banking services are provided by Harris Williams LLC, a registered
broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which
is authorized and regulated by the Financial Services Authority. Harris Williams
& Co. is a trade name under which Harris Williams LLC and Harris Williams & Co.
Ltd conduct business. 

For general release inquiries, please contact Kimberly Baker, marketing
director, at +1 (804) 648-0072.

Harris Williams & Co.
Kimberly Baker, +1 804-648-0072 

Copyright Business Wire 2012
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