A&M CAPITAL PARTNERS | 01.29.19

Bertram Capital Secures New Platform with Investment in Flow Control Group

San Mateo, CA | January 29, 2019 – Bertram Capital (“Bertram”) announced today it has partnered with the executive management team to acquire Flow Control Group (the “Company”) from AEA Investors SBF. Based in Charlotte, North Carolina, Flow Control Group is the largest independent specialty flow control and fluid handling distribution platform in North America, servicing more than 10,000 customers and 2,000 suppliers. Terms of the transaction were not disclosed.

“Flow Control Group serves a key role in providing mission-critical, complementary products enabling customers to operate their manufacturing facilities efficiently and effectively,” said Jeff Drazan, Managing Partner of Bertram Capital. “Flow Control Group has successfully executed a buy-and-build strategy to acquire the best regional distributors in the industry. In addition to partnering with our industrials team, led by Kevin Yamashita, Tim Heston and Ray Kataria, Flow Control Group will work closely with Bertram Lab’s IT services team to support its growth initiatives.”

Flow Control Group was founded in 2014 and has completed 18 acquisitions since its inception. With 47 locations across the U.S. and Canada, Flow Control Group is well-positioned to serve the evolving needs of a market driven by technical sales and service relationships between distributors and customers, both nationally and locally.

The Company’s senior leadership team, with the support of Bertram, will continue to pursue its buy-and-build strategy, targeting businesses with strong market reputations and entrenched customer and supplier relationships in complementary geographies. The team will also focus on organic growth initiatives, including further diversifying the Company’s product portfolio, expanding its geographic presence and increasing share-of-wallet with existing customers.

A&M Capital Opportunities also participated in the transaction as a direct investor in Flow Control Group.

About A&M Capital Opportunities:
A&M Capital Opportunities (“AMCO”), with total capital commitments of $500 million, is Alvarez & Marsal Capital’s (“AMC”) lower middle-market growth strategy, focused on shared control and structured minority equity investments in North America. AMCO partners with business owners and management teams to help recapitalize and grow businesses, leveraging deep operational capabilities and industry relationships to position them for accelerated long-term growth. AMCO has significant experience with all types of transactions, including growth equity, growth buyouts, recapitalizations, and consolidations of fragmented sectors.

About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

A&M CAPITAL PARTNERS | 01.04.19

A&M Capital Acquires Majority Interest in Brady Industries

Las Vegas, NV – Brady Industries (“Brady”), a leading cleaning solutions provider, announced that it has sold a majority interest to Alvarez & Marsal Capital (“A&M Capital”), a middle-market private equity firm with a strategic association with Alvarez & Marsal (“A&M”).

Founded in 1947 and led by CEO Travis Brady, Brady is a premier cleaning solutions provider with a large presence in the Western United States. Based in Las Vegas, the Company operates 15 locations throughout Nevada, Utah, Arizona, Idaho, New Mexico, Colorado, Maryland, California and Texas. Brady partners with its customer to provide unique and integrated services, expertise, and technical support across a wide-range of janitorial and food service supplies and equipment. Brady provides these specialized solutions to customers in hospitality, education, healthcare, government, facility services and various other end-markets.

“We are proud to partner with Travis and are excited as we look to the future at Brady Industries,” said Jack McCarthy Jr., Senior Managing Director and Co-Founder of A&M Capital. “Brady maintains a leading position in its core markets, and we look forward to working alongside the Brady management team to continue its track record of strong growth and customer satisfaction.”

“We have known Travis for several years and are excited to work with him to drive Brady’s next chapter of growth together,” said David Perskie, a Managing Director of A&M Capital. “We believe we will be able to provide Brady with the infrastructure and capital necessary to expand its geographic reach and product offering, both organically and through strategic acquisitions. Travis and senior members of the management team will own a meaningful equity stake in the Company, which reflects the aligned spirit of our partnership and enables us to all share in the future value creation of the Company together.”

“Over the past 70 years, Brady has grown from a small local janitorial supply company to a respected industry leader across multiple regions,” said Travis Brady, CEO. “I first met A&M Capital over 5 years ago when we were looking for a partner to help with the growth and development of Brady Linen Services. A&M Capital proved to be great partners for the linen services business, and I am thrilled to partner with them again. A&M Capital shares the same culture, values and strategic vision that we have at Brady, and brings additional operational and financial resources that help will further our growth objectives while continuing to deliver the same best-in-class cleaning solutions to our customers. We have a tremendous opportunity and an exciting plan to accelerate our growth in partnership with A&M Capital.”

Ballard Rawson Jorgensen advised Brady Industries on the transaction. Winston & Strawn provided legal counsel to A&M Capital.

About Brady:
Brady has been pioneering the way products and solutions are delivered to facility and foodservice professionals for more than 70 years. At the heart of Brady’s operation is a community-minded culture driven by a workforce of more than 350 employees currently in 15 locations throughout Nevada, Utah, Arizona, Idaho, New Mexico, Colorado, Maryland, California and Texas including its Las Vegas, Nevada headquarters.

Brady’s approach to partnership is unique by providing integrated customer support, expertise, technical support, and service across a full spectrum of customer needs including extensive facility offerings, complete dish machine and laundry machine service, equipment sales, rentals and service and foodservice supplies. Brady provides these specialized solutions for customers in key commercial market segments including hospitality, education, healthcare, government, building service contractors and more. More information on Brady can be found on the Company’s website, www.bradyindustries.com.

A&M CAPITAL PARTNERS | 11.01.18

Sean Epps Joins A&M Capital Opportunities as a Partner

A&M Capital Opportunities Fund (“AMCO”), a growth focused middle-market private equity fund that is part of the Alvarez & Marsal Capital platform, today announced Sean Epps has joined the firm as a Partner.  Mr. Epps is a seasoned investment professional that brings more than 20 years of private equity experience to AMCO.  In his role, he will focus on sourcing and managing lower middle market investments in the light industrial and services segments where he has deep experience leading transactions.

Mr. Epps joins AMCO after holding senior positions with Snow Phipps and JPMorgan Partners, where he developed experience investing in light manufacturing, value-added distribution, industrial services and industrial processes businesses.  He has served on several boards in the past including the boards of Brand Energy & Infrastructure, Stauber Performance Ingredients, Electric Guard Dog, Kele and ArrMaz Custom Chemicals, amongst others.  Mr. Epps has also previously held positions at Donaldson, Lufkin & Jenrette and Paribas Principal Partners, where he was engaged in investment banking and private equity efforts, respectively.  Mr. Epps earned his MBA from the Wharton School of Business at the University of Pennsylvania after obtaining his BA in Economics with honors from Hamilton College.

About A&M Capital Opportunities:

A&M Capital Opportunities (“AMCO”), with total capital commitments of $500 million, is Alvarez & Marsal Capital’s lower middle market growth strategy, focused on shared control and structured minority equity investments in North America. AMCO partners with business owners and management teams to help recapitalize and grow businesses, leveraging deep operational capabilities and industry relationships to position them for accelerated long-term growth. AMCO has significant experience with all types of transactions, including growth equity, growth buyouts, recapitalizations, and consolidations of fragmented sectors.

About Alvarez & Marsal Capital:

Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $3 billion in total capital commitments across three investment strategies. The firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world. AMC uniquely combines a focus on middle-market private equity investing, with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams and business owners.

A&M CAPITAL PARTNERS | 10.01.18

A&M Capital Partners Acquires Majority Interest in Pritchard Industries

New York, NY – Pritchard Industries (“Pritchard”), a leading provider of facilities services, announced that it has sold a majority interest to A&M Capital Partners (“AMCP”), a middle-market private equity firm with a strategic association with Alvarez & Marsal and a strong track record in the facilities services industry. Founder Peter D. Pritchard will remain as an advisor to the Company and has assumed the position of Chairman Emeritus on the company’s Board of Directors.

Founded in 1986, Pritchard is a leading provider of facilities services, delivering a wide-range of janitorial and specialty services. The Company operates in 19 states and services approximately 300 million square feet of commercial office buildings, education and government facilities, sports and entertainment venues, medical complexes and industrial facilities.

“We are excited to partner with the Pritchard family and management team to acquire a majority interest in Pritchard, a market leader with a strong reputation for providing best-in-class facilities services,” said Jack McCarthy Jr., Senior Managing Director and Co-Founder of Alvarez & Marsal Capital. “Pritchard has delivered an impressive 30+ year track record of strong organic growth and we look forward to working with the Pritchard management team to continue that success.”

“A core tenet of our strategy is to invest in established and successful businesses where we can partner with founders and their teams to optimize performance and accelerate growth together,” said David Perskie, a Managing Director of AMCP. “With Pritchard, we recognized the opportunity to provide operational and financial resources to assist management in expanding the Company’s geographic reach and service offering, both organically and through strategic acquisitions. We are especially proud that the Pritchard family and senior team will continue to own a meaningful equity stake in the Company, which reflects the spirit of our partnership and enables them to participate directly in the future value creation of the Company.”

As part of the transition, Jay Leyden will be joining the Pritchard team as Chief Executive Officer. Mr. Leyden is a long-time facilities services executive who most notably spent over 21 years at Aramark, including as President of its facilities services division.

“I am incredibly proud of the strong foundation we have built at Pritchard Industries,” said Peter D. Pritchard, the Company’s Founder. “By way of this investment from A&M Capital Partners, we will further our growth objectives while continuing to deliver the same best-in-class service to our clients. I am excited for the future of our company and will continue to contribute as an active board member of the Company. We look forward to the next chapter of growth under Mr. Leyden’s leadership.”

Moelis & Company’s Business Services Group and Kirkland & Ellis advised Pritchard Industries on the transaction. Winston & Strawn provided legal counsel to A&M Capital Partners.

A&M CAPITAL PARTNERS | 08.31.18

A&M Capital Europe Acquires Bollé Brands

A&M Capital Europe (“AMCE”), a London based middle-market private equity firm, has acquired Bollé Brands from Vista Outdoor Inc. (“Vista”) by way of a corporate carveout.

Founded in France in 1888, Bollé Brands is a global platform of leading eyewear, head protection and outdoor sports brands and consists of two divisions, Industrial Safety and Consumer Brands. Industrial Safety is a premium supplier of high-performance protective eyewear to industrial end markets, and Consumer Brands is a branded supplier of sunglasses, ski goggles and ski & bicycle helmets under the Bollé, Cébé, Serengeti and H2Optix brands.

AMCE will install a new management team headed by Peter Smith as President & CEO of Bollé Brands; Peter joins Bollé Brands as a highly experienced leader in global branded sports. Under AMCE ownership, Peter and his team will build new channels and develop new and innovative products across all Bollé Consumer brands, and through significant investment in Industrial Safety, Bollé will capitalise on the growing premium protective eyewear market.

About A&M Capital Europe

A&M Capital Europe, with total capital commitments of over €570 million, is AMC’s European middle-market investment strategy. AMCE leverages a highly experienced team of professionals, together with A&M Consulting’s 18 European offices to bring pan-European operating capabilities and industry relationships to bear in the sourcing, due diligence and post-acquisition monitoring and performance improvement of investment opportunities. AMCE’s professionals have a strong and referenceable track record of serving as trusted partners to founders and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $3 billion in total capital commitments across three investment strategies. The firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world. AMC uniquely combines a focus on middle-market private equity investing, with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams and business owners.

A&M CAPITAL PARTNERS | 04.09.18

WHC Energy Service Appoints Kevin Fox as CEO

Greenwich, CT – WHC Energy Services (“WHC” or “the Company”), a leading pipeline and facilities construction company, announced that its Board of Directors unanimously elected Kevin Fox to the position of CEO effective today. Mr. Fox will be relocating to the Company’s headquarters in Broussard, Louisiana. In regard to Mr. Fox’s appointment, the Board issued a statement; “The Board is delighted that Kevin will lead WHC into its next stage of growth. Kevin is a proven leader with an exceptional track record and long-standing customer relationships. His skill set is well-suited for WHC’s strategic objectives and we are confident that he will position the Company for future success and deliver the highest quality product for our customers.”

Fox has decades of experience in the engineering, procurement and pipeline construction industry. Most recently, he was President of QPS Professional Services for Quanta Pipeline Services and his career also includes executive positions with Laney Directional Drilling and Willbros Group. As CEO of Laney Directional Drilling, Mr. Fox executed numerous operational initiatives that resulted in significant profitability improvements and a successful outcome for its stakeholders. At Quanta, his focus was integrating several professional services businesses and combining them with construction https://www.a-mcapital.com/wp-admin/upload.phpbusinesses to pursue and execute engineer, procure, construct (EPC) contracts.

“WHC has a rich history in the pipeline construction industry and has a track record of delivering exceptional results for its impressive roster of blue chip clients,” said Mr. Fox. “I am excited for the opportunity to work with a very talented group of industry veterans and lead the Company into its next chapter of growth and development. As it has been throughout my career, my focus will be on delivering the reliable and consistently high-quality results that our customers expect and deserve.”

About WHC Energy Services:
Founded in 1957, WHC is a leading construction contractor that specializes in managing mid-to-long range pipeline projects and related facilities construction for development and infrastructure in over 25 states, with a particular focus in Texas and Louisiana. The Company provides a variety of services including oil and gas pipeline construction, pipeline rehab and recoating, compressor and pump station construction, metering station construction, facility upgrades, plant and station abandonments, flowline and gathering system installation, in-house fabrication, and sandblasting and painting. WHC’s focus on quality, safety and timeliness underpins its strong, long-term relationships with many of the most well-established energy companies in the US as well as many of the most experienced and well-regarded senior professionals in the field.

Source: https://www.prnewswire.com/news-releases/whc-energy-services-appoints-kevin-fox-as-ceo-300626773.html

A&M CAPITAL PARTNERS | 04.06.18

Paramedics Plus Acquired by A&M Capital Partners

Paramedics Plus, LLC, a ground-based ambulance provider, has been acquired by A&M Capital Partners, LP, a middle-market private equity fund that is part of the A&M Capital Platform, to form Paramedics Logistics Operating Company, LLC. Paramedics Logistics was acquired from former owner East Texas Medical Center Regional Healthcare System.

Headquartered in Tyler, Texas, Paramedics Logistics is a provider of ground-based 911 emergency ambulance and other critical healthcare transportation services. Paramedics Logistics currently manages a portfolio of exclusive, long-term contracts in Pinellas County, Florida; Alameda County, California; Fort Wayne, Indiana; Sioux Falls, South Dakota and Tyler, Texas.

“I’m extremely pleased about our new partnership with A&M Capital Partners and the potential to grow together,” said Ron Schwartz, President of Paramedics Logistics. “This is an incredible milestone for all of us and a testament to our collective hard work to build this successful business.”

The transition of Paramedics Logistics to the new ownership is expected to create new growth opportunities for its employees while continuing to deliver service and innovation for the patients and communities where they live and work.

“We are proud and excited to partner with Paramedics Logistics,” said Mike Odrich, Senior Managing Director and Co-Founder of A&M Capital. “This group of senior leaders, EMTs, paramedics and the rest of the team at Paramedics Logistics have built an impeccable reputation centered on patient care, saving lives every day in the communities they serve. We look forward to supporting their continued success and providing additional resources to accelerate the next period of organic and acquisition-led growth.”

Winston & Strawn LLP served as legal advisor to A&M Capital. Provident Healthcare Partners acted as the exclusive sell-side advisor to UT Health East Texas and Paramedics Plus.

Source: https://www.emsworld.com/press-release/220221/paramedics-plus-acquired-am-capital-partners?page=2

A&M CAPITAL PARTNERS | 04.04.18

A&M Capital Acquires Majority Interest in CNSI

Rockville, MD –CNSI, a leading business solutions provider with vast experience developing and delivering innovative healthcare management technology, announced today that it has sold a majority interest to Alvarez & Marsal Capital (“A&M Capital”), a middle-market private equity firm that has a strategic association with Alvarez & Marsal (“A&M”).

“CNSI was an attractive proposition from the onset,” said Jack McCarthy Jr., Senior Managing Director and Co-Founder of A&M Capital. “The company’s strong technical leadership and proven results position CNSI well for future growth. CNSI has achieved significant success to date and is poised to continue that success in both Federal and State markets. We are excited to work with CNSI’s management team to continue to grow the business.”

Founded by four partners in 1994, CNSI has established strong domain expertise in the federal and state health IT industries. CNSI develops, implements, operates, and maintains solutions that provide claims processing, provider enrollment, data visualization, predictive analytics and other tools to state and federal customers. In January of 2018, CNSI launched the nation’s first cloud-based modular Medicaid Management System in the State of Michigan the company looks to extend these modernization efforts across the State and Federal marketplace.

“Our strategy is to invest in established and successful businesses where we can assist founders in transitioning to institutional ownership,” said Alex Nivelle, a Principal of A&M Capital. “We look for companies that have established themselves independently; CNSI embodies our ideal investment. Its solutions have up-ended a firmly entrenched industry and they continue to innovate and thrive.”

A recent string of project wins, including an $166 million contract with the Department of Labor’s Office of Workers’ Compensation Programs, a $44 million contract with the Department of Veterans Affairs’ Financial Services Center, and a $35 million contract with the Centers for Medicare & Medicaid Services, have solidified the company’s presence in the federal market and have it poised for continued success.

“I am incredibly proud of what we’ve built here at CNSI,” said Adnan Ahmed, Co-founder and Co-president of CNSI. “What started as four friends and a dream has grown into a company of more than 1,000 employees. We’ve touched the lives of millions through our health IT solutions and we’ve made a difference in our communities with our Corporate Social Responsibility efforts. Now, we take the next step with A&M Capital so we can expand our reach even further.”

Baird’s Government Services Group and Houlihan Lokey’s Healthcare Group advised CNSI on the transaction. Kirkland & Ellis provided legal counsel to A&M Capital.

About CNSI
CNSI delivers a broad range of health information technology (IT) enterprise solutions and customizable products to a diverse base of federal and state agencies. We align, build and manage innovative, high-quality, cost-effective solutions that help clients achieve their mission, enhance business performance and improve the health for over 30 million Americans. Formed in 1994, CNSI is headquartered in Rockville, Maryland, with locations throughout the U.S. and India. CNSI employs a world-class team of technologists, program managers, and subject matter experts, all of whom have experience with large scale mission-critical IT implementations. CNSI’s website is: http://www.cns-inc.com.

About A&M Capital
A&M Capital is a private equity firm which invests in established and profitable companies within the middle-market. A&M Capital currently manages $1.1 billion of private equity capital. A&M Capital has a strategic association with Alvarez & Marsal, an industry-leading corporate advisory firm focused on consulting services which gives it the distinctive capability to bring operational resources and support to the companies with which they partner. The firm is focused on investments where the investment team can help to deliver significant value to companies across a wide range of industries. The principals of A&M Capital have a combined 135 years of experience executing private equity transactions in the middle-market.

A&M Capital Partners, the flagship fund with $600 million under management, principally makes control investments in the range of $30 to $100 million in businesses with enterprise values between $75 and $750 million and EBITDA between $10 and $75 million. A&M Capital Partners focuses on middle-market companies that are undergoing a management or ownership transition, seeking capital for growth or can benefit from access to world class operational expertise in the areas of corporate carve-outs, consolidation strategies, special situations or businesses seeking to address specific operational issues or management needs.

About A&M
Alvarez & Marsal was founded in 1983 and is a privately-owned global professional services firm that helps businesses improve performance, solve problems, and unlock value for stakeholders. With more than 3,000 full-time professionals in 53 offices across North America, Europe, the Middle East, Asia and Latin America, A&M is the largest firm of its kind and has expertise across all major industry sectors and functional areas.

For more information, visit www.a-mcapital.com

A&M CAPITAL PARTNERS | 08.19.15

Wellspring Capital Management Forms Leading Flexible Packaging Company Announces Acquisition of Ampac Holdings, LLC and Simultaneous Merger with Portfolio Company Prolamina Corporation

New York –Wellspring Capital Management LLC, a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC. Financial terms were not disclosed.

The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical footprint and enhanced product offering unparalleled in the industry. Ampac’s range of adhesive lamination, rotogravure printing capabilities and innovative packaging solutions is highly complementary to Prolamina’s cost advantageous extrusion lamination and flexographic printing technology.

John E. Morningstar, a Managing Partner of Wellspring who leads the firm’s activities in the packaging sector, said, “We are excited about the acquisition of Ampac and the combination with Prolamina to form a clear industry leader. The merger brings together two flexible packing industry leaders both known for innovation, customer service and quality. Both companies, along with their respective management teams, have a proven track record of performance and will pursue a variety of new initiatives to further enhance their product offerings — adding value to their customers’ bottom line and increasing market opportunities.”

Matthew Harrison, a Principal of Wellspring, commented, “The acquisition of Ampac and its combination with Prolamina reflects the attractiveness of the global packaging industry. We believe there is increasing growth potential in the sector given the shift towards flexible packaging solutions driven by shifting consumer demands. We’ve been pleased to invest in this industry over the past several years and are excited to increase our participation through this expanded platform, which will serve broad and diverse markets.”

Greg Tucker, Chief Executive Officer of Prolamina, will assume the role of Chief Executive Officer for the merged company. Mr. Tucker said, “The combination of Prolamina and Ampac’s complementary capabilities and assets will enable the combined company to reach new levels of success, establishing it as a leader in the global packaging industry. I’m honored to lead a company with over 2,000 dedicated team members and 16 facilities worldwide with exceptional manufacturing scale to meet the growing needs of our valued customers. We are committed to providing creative packaging solutions, industry-leading customer commitment and award-winning innovation in a diverse global marketplace.”

Alvarez & Marsal Capital Partners participated in the transaction as a direct investor in the combined business. Certain members of the management team have also invested additional capital in the transaction alongside Wellspring.

William Blair acted as the lead financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Jones Day acted as legal counsel to Wellspring.

Lincoln International acted as the lead financial advisor to Ampac Holdings, LLC.

About Prolamina
Prolamina is a full-service supplier of technology-driven, innovative, flexible packaging. With multiple manufacturing facilities in North America, Prolamina is dedicated to providing solutions to your specific packaging needs.

Visit: www.prolamina.com

About Ampac
Ampac drives packaging transformation and performance by creating packages that are more innovative, progressive and dynamic than those used by competitive brands. Ampac’s comprehensive approach to packaging is a balance of rigorous, technology-driven thinking and exceptional creativity. It is a diversified global packaging company with 13 manufacturing centers in North America, Europe and Asia. For more information, visit Ampac’s website at: www.ampaconline.com

About Wellspring Capital Management
Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. The firm’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources.

About A&M Capital
A&M Capital is a middle-market private equity firm with $600 million under management which invests in established and profitable companies that can benefit from the firm’s access to significant operating resources. The firm has a strategic association with Alvarez & Marsal (“A&M”), which gives it the distinctive capability to bring the exact management or operational talent to the companies with which they partner, whether interim, part-time or permanent resources are required. As such, their experience with various kinds of businesses and ownership profiles allows them to meet sellers’ objectives with mutually beneficial transactions that specifically address the goals of existing shareholders. The principals of A&M Capital have a combined 70 years of experience executing private equity transactions in the middle-market with this profile.

About A&M 
Alvarez & Marsal was founded in 1983 and is a privately-owned global professional services firm that helps businesses improve performance, solve problems, and unlock value for stakeholders. With more than 2,500 full-time professionals in 40 + offices across North America, Europe, the Middle East, Asia and Latin America, A&M is the largest firm of its kind and has expertise across all major industry sectors and functional areas.

For more information, visit www.a-mcapital.com

A&M CAPITAL PARTNERS | 12.08.14

Alvarez & Marsal Capital Acquires WHC Incorporated in Partnership with Management

December 8, 2014, GREENWICH, CT – Alvarez & Marsal Capital (“A&M Capital”), a middle-market private equity firm that has a strategic association with Alvarez & Marsal (“A&M”), announced today that it has acquired a majority interest in WHC Energy Services (“WHC” or the “Company”), a rapidly-growing energy construction services company. Senior management, led by Randy Warner (CEO), has rolled a meaningful stake into the newly capitalized entity. WHC was previously owned by the co-founder’s son and daughter, George Crain, Jr. and Azalie Holland, respectively. George Crain, Jr. will remain as a member of the WHC board.

Based in Broussard, LA, the Company is a leading construction contractor that specializes in managing mid-to-long range pipeline projects and related facilities construction for natural gas, oil and industrial gas transmission with significant experience in Texas, Louisiana and throughout the Southeast. In the past five years, WHC has completed 218 projects across 12 states. The Company enjoys a leading competitive position in each of its core markets, and has recently expanded its capabilities in the West Texas market.

“As the CEO and President of WHC Energy Services, I am extremely pleased about our new partnership with A&M Capital and the potential future we will forge together for the company” said Mr. Warner. “After 10 years of talking to potential buyers of our company, I am proud to say that we found the right partner to help us take the company to its next level of success.”

“We are proud and excited to partner with Randy and the team at WHC” said Mike Odrich, a Founding Partner of A&M Capital. “This group of senior leaders has built a solid platform in recent years and has positioned the Company well for the future. We look forward to supporting their continued success and providing additional resources for the next period of growth.”

A&M Capital was advised by Simpson Thacher & Barlett LLP. WHC was advised by Porter Hedges LLP.

About WHC
Founded in 1957, WHC is a leading construction contractor that specializes in managing mid-to-long range pipeline projects and related facilities construction, for development and infrastructure in Texas, Louisiana and throughout the Southeast. The Company provides a variety of services including oil and gas pipeline construction, pipeline rehab and recoating, compressor & pump station construction, metering station construction, facility upgrades, plant and station abandonments, flowline and gathering system installation, in-house fabrication, and sandblasting and painting. WHC’s focus on quality, safety and timeliness underpins its strong, long-term relationships with many of the most well-established energy companies in the US as well as many of the most experienced and well regard senior professionals in its field.

About A&M Capital
A&M Capital is a private equity firm which invests in middle market businesses that can benefit from the firm’s access to significant operating resources and expertise. The firm has a strategic association with Alvarez & Marsal (“A&M”), which gives it the distinctive capability to bring the exact management or operational talent and support to the companies with which they partner. The firm is focused on investments where the investment team can help to deliver significant value to companies across a wide range of industries

About A&M
Alvarez & Marsal was founded in 1983 and is a privately-owned global professional services firm that helps businesses improve performance, solve problems, and unlock value for stakeholders. With more than 2,500 full-time professionals in 40 + offices across North America, Europe, the Middle East, Asia and Latin America, A&M is the largest firm of its kind and has expertise across all major industry sectors and functional areas.