2016 Archives

One Equity Partners Invests In The W.W. Williams Company


W.W. Williams Partners with One Equity Partners for Acquisition Capital and Expertise


NEW YORK (August 22, 2016) – One Equity Partners (OEP) has invested in The W.W. Williams Company, LLC (W.W. Williams), a provider of industrial power product sales, service, and repair. W.W. Williams has a 104-year history of providing industry leading customer service and technical capabilities to a broad set of customers. It represents the world’s leading manufacturers including Detroit, MTU, Allison Transmission, Carrier, Deutz, and many others. It offers its products and services through an extensive network of 39 facilities with more than 440 service technicians across 12 states and Mexico.

Matthew Hughes, a Director of OEP, said “W.W. Williams is a long-standing and highly regarded business in its industry. We are enthusiastic about the opportunity to invest alongside its founding family to continue its success. W.W. Williams is investing heavily in its sales and service network by adding technicians, expanding its mobile service and fleet maintenance offerings, and bolstering its customer support services in its existing territory. Through strategic acquisitions, we hope to extend those capabilities into new markets where the company can service its customers across a broader footprint with industry leading customer service and technical capabilities.” Jamie Koven, a Senior Managing Director of OEP, added “Williams extensive parts and service business provides a stable recurring source of revenue that we look to grow by improving service turn times for our customers’ assets and providing better integration with our customers’ fleet maintenance programs.“

”The competitive marketplace necessitates that we become a larger and a more relevant participant in our industry,” said Alan Gatlin, W.W. Williams’ CEO. “OEP provides us strategic guidance and financial flexibility to support our organic growth initiatives and pursue industry consolidation, without compromising the conservative financial approach that has been a staple at W.W. Williams.”

OEP also partnered with John Simmons as CEO of Power Acquisitions, the holding company of W.W. Williams and acquisition vehicle for industry consolidation. Mr. Simmons has joined Power Acquisitions’ Board of Directors and will continue working with OEP and W.W. Williams going forward. “Power Acquisition represents an opportunity to build a better business partner for customers and OEMs alike and W.W. Williams is the cornerstone of that strategy. We are excited about the prospect of additional acquisition opportunities that are present in the marketplace today and we expect to add to our platform in the coming months,” said John Simmons.
Bill Williams and Mark French, current directors of Tri-W Group, Inc. (f/k/a The W.W. Williams Company) and former executives and directors of W.W. Williams, will be joining the board of Power Acquisitions, bringing their many years of company and industry knowledge forward. Bill Williams stated "We are pleased to continue our ownership in W.W Williams with OEP and John under Alan's leadership. We feel that our new partners bring significant resources to the company and combined with their acquisition experience, W.W. Williams will grow faster and more successfully."
 

About W.W. Williams

Founded in Columbus, Ohio, in 1912, W.W. Williams is one of the nation’s largest sales and service networks of industrial power products. It offers service and repair, OEM product sales, and supply chain management solutions. Its products and service offerings include diesel engines, transmissions, bumper-to-bumper truck repair, transport refrigeration, power generation systems, and supply chain logistics services. The company serves on-highway truck fleets, off-highway equipment users, Department of Defense, vehicle and equipment OEMs, commercial facility owners, and marine equipment owners.
For more information, please visit: www.wwwilliams.com

About One Equity Partners


One Equity Partners (OEP) is a leading middle-market private equity firm with $4.2 billion under management. OEP focuses on investing in family, carve-out and platform companies with a mission of expanding those companies with growth capital and through add-on mergers. OEP invests in a variety of industries, including healthcare, technology, media, telecom, business services, consumer products, chemicals and manufacturing. Founded in 2001, OEP spun out of JPMorgan in 2015. Since inception, OEP has invested approximately $11 billion in 80 companies. OEP's investment professionals are located across North America, South America and Europe, with offices in New York and Chicago, and advisory offices in Frankfurt and São Paulo.

For more information, please visit: www.oneequity.com