Harris Williams announced the recapitalization of Garretson Resolution Group (GRG) by Harvest Partners and the GRG management team. GRG was a portfolio investment of Pfingsten Partners.
Harris Williams served as the exclusive financial advisor to GRG and Pfingsten Partners. The transaction closed on December 20, 2012 and was led by Derek Lewis, Brent Spiller, Corey Benjamin and Jason Klinghoffer from the firm’s Richmond office.
“We are excited to have helped the Garretson management team find a new partner that shares its vision for the company’s future. GRG is truly a pioneer and an innovator in healthcare lien resolution and complex settlement administration services. We look forward to following the continued growth and success of the company,” said Lewis, managing director and co-head of Harris Williams’ Business Services Group.
GRG serves law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations.
Pfingsten Partners is a Chicago-based operationally focused private equity firm.
Harvest is a New York-based private equity investment firm, focusing on investing in leading companies in the business and industrial services, manufacturing and distribution, midstream energy and consumer products and retail sectors.
Harris Williams, a member of The PNC Financial Services Group, is a middle-market investment bank focused on the advisory needs of clients worldwide.