BB&T Capital Markets Serves as the Exclusive Financial Advisor to Tranzonic Intermediate Holdings, Inc. in its Sale to PNC Riverarch Capital
On March 27, 2018, Tranzonic Intermediate Holdings, Inc. (“Tranzonic” or the “Company”), a portfolio company of Silver Oak Services Partners, was acquired by PNC Riverarch Capital. BB&T Capital Markets served as the exclusive financial advisor to Tranzonic.
About the Companies
Headquartered in Cleveland, OH, Tranzonic is a value-added supplier of consumable maintenance, cleaning, safety, and hygiene products to commercial and industrial end markets. The Company offers a comprehensive suite of disposable / consumable, single-use products that focus on cleanliness, safety, and hygiene.
Founded in 2005, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, healthcare and consumer services companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. The team brings extensive services industry expertise and relationships to the firm’s investments and works closely with management to drive long-term value creation. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue and $4 million to $20 million in EBITDA.
PNC Riverarch Capital is a leading middle-market private equity firm. Based out of Pittsburgh, PA, PNC Riverarch Capital is an affiliate of the PNC Financial Services Group, and has been serving as a partner to middle-market businesses since 1982. PNC seeks to invest across a diverse array of industries, targeting well-positioned companies where PNC’s experience and resources will allow it to serve as a value-added partner to management in order to support and accelerate company growth. Since inception, PNC has provided over $1.3 billion of equity capital to over 100 companies.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.