Harris Williams Advises Suzo-Happ Group in its Sale
Harris Williams & Co. announced the sale of Suzo-Happ Group, a global supplier of components and accessories to the gaming, amusement and industrial markets.
Suzo-Happ was a portfolio company of Pfingsten Partners. Harris Williams & Co. acted as the exclusive advisor to Suzo-Happ. The transaction closed on July 17, 2012 and was led by Tim Alexander, Glenn Gurtcheff, Jeff Cleveland and Brant Cash from the firm’s Consumer Group in its Minneapolis office.
“Suzo-Happ, through its partnership with Pfingsten, has built a global powerhouse in the gaming and amusement sectors. The company’s international presence and broad portfolio of gaming licenses position Suzo-Happ as a unique asset with a highly scalable business model,” said Alexander, a managing director at Harris Williams & Co. “We look forward to the continued success of the Suzo-Happ management team,” added Gurtcheff, a managing director at Harris Williams & Co.
The Suzo-Happ Group was formed in 2004 with the merger of Suzo International, headquartered in The Netherlands, and Happ Controls, headquartered in Mount Prospect, IL. Major additions were made with Advanced Electronic Systems in 2005, Starpoint Electrics in 2006, and Dynamics Chinatec in 2007. The combined organization holds a global leadership position in the gaming and amusement components and accessories market. The company’s 500 employees serve more than 20,000 customers worldwide. Suzo-Happ has manufacturing, engineering, distribution and service capabilities in eight countries globally.
Pfingsten Partners is an operationally focused private equity firm formed in 1989.
Harris Williams & Co. is a middle-market investment bank focused on the advisory needs of clients worldwide.