Harris Williams & Co. Advises A&R Logistics, Inc. in its Sale to Mason Wells

Fri Dec 21, 2012 3:32pm 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 sale of A&R Logistics, Inc.
(A&R) to Mason Wells and industry executives and investors Mark Holden and Rich
Mitchell (the Industry Executives). Joining Mason Wells and the Industry
Executives in the transaction were members of the existing A&R management team
and other investors. A&R is a leading provider of dry bulk transportation,
packaging, distribution, and logistics solutions serving the chemical and
plastic industries in North America. A&R was a portfolio company of FdG
Associates (FdG). Harris Williams & Co. acted as a financial advisor to A&R. The
transaction recently closed and was led by Jason Bass, Frank Mountcastle, Joe
Conner, Jeff Burkett and Jeff Kidd from the firm`s Transportation and Logistics
(T&L) Group. 

"With a strong market leadership position, compelling industry fundamentals and
great prospects for continued growth, A&R represents a truly unique platform in
the transportation & logistics services sector," said Jason Bass, a managing
director at Harris Williams & Co. and co-head of the firm's T&L Group. "The
management team, led by CEO Jeff O`Connor and CFO Brian Reichert, has built a
tremendous business that today sets the standard in the dry bulk transportation
industry for operating performance, safety and customer service." 

A&R, headquartered in Morris, IL, provides a comprehensive suite of services
including over-the-road transportation, transloading, packaging, warehousing and
end-to-end outsourced transportation management through a nationwide network of
25 facilities, a combination of company owned equipment and owner operators and
a non-asset based transportation management division. 

FdG, headquartered in New York, NY, is a private investment firm providing
equity capital to North American-based middle market growth companies with sound
businesses and unrealized potential. By building a partnership with management
and offering creative problem solving and strategic, long-term planning focused
around key corporate initiatives, FdG empowers companies to achieve their full
growth potential and increase their equity value. FdG pursues opportunities in
business services, construction and industrial services, consumer products and
services, value-added distribution, light manufacturing, retail and
transportation and logistics. 

Mason Wells, based in Milwaukee, WI, is a private equity firm that manages more
than $800 million of capital through the Mason Wells Buyout Funds. Since 1982,
Mason Wells has closed more than 80 transactions through the Mason Wells Buyout
Funds and its predecessor funds. Mason Wells focuses its investments in the
Outsourced Business Services, Consumer Packaged Goods, Packaging Materials &
Converting, and the Engineered Products & Services industries. 

Industry investors Mark Holden and Rich Mitchell bring significant
transportation industry resources and experience to A&R. Previously, Mark Holden
was President and CEO of Prime Distribution Services (PDS), a leading provider
of transportation management, warehousing and other value-added logistics
services. Prior to PDS, Mr. Holden was President of American Commercial Lines
(ACL), a $1 billion integrated marine transportation and logistics company. Mark
also held various executive management positions including the Office of the CEO
at Wabash National Corporation. Rich Mitchell was Chief Financial Officer and
Senior VP of Corporate Development at PDS. Prior to PDS, Mr. Mitchell served as
Senior VP of Corporate Strategy for ACL. Mr. Mitchell also spent over 20 years
in various capacities for United Parcel Service, Inc. 

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. 

Harris Williams & Co.'s T&L Group serves companies in a broad range of
attractive niches, including third-party logistics (3PL), surface
transportation, airport and aviation services, marine transportation,
transportation infrastructure, transportation equipment and the automotive and
heavy duty vehicle market. In addition to A&R, other recent clients include
marquee transportation and logistics industry names such as The Kenan Advantage
Group, Touchstone Wireless, LMS Intellibound and Charter Brokerage. 

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