RICHMOND, Va.–(BUSINESS WIRE). Partner. The transaction was led by Eric Logue and Jenson Dunn of Harris Williams Industrials Group.
“The KCF team has built a unique Internet of Things platform that provides real-time machine health insights and analytics to industrial companies focused on deploying digital solutions. With the capital injection led by Graham Partners Growth, we are pleased to watch KCF as it continues to set new standards in technologies aimed at digitally transforming industrial manufacturing operations,” said Eric Logue, Managing Director at Harris Williams.
“Despite innovations in artificial intelligence, machine learning, and enterprise-wide big data analytics, finding companies that leverage these technologies to deliver clear, measurable value in industrial applications is a challenge. KCF is one of them, with over 200,000 years of machine data collected, 60 billion machine condition measurements and $2.7 billion in customer savings. We are truly honored to have worked with them and wish them continued success as they embark on this next chapter of growth with their new partners,” said Jenson Dunn, Director at Harris Williams.
Headquartered in State College, Pennsylvania, KCF is a machine condition optimization provider. KCF is dedicated to permanently solving the complex wealth problems that have plagued the industry. The KCF team develops technologies and services that enable industrial companies to eliminate unplanned downtime, optimize their operations and outperform their competition.
Graham Partners Growth is the growth equity strategy of Graham Partners, a private investment firm focused on investing in technology-driven companies that are driving innovation in advanced manufacturing, resulting in product substitution, raw material shifts and disruption of traditional end markets. Graham Partners can offer control or minority capital solutions and typically targets companies with up to $50 million in EBITDA. Since Steven Graham founded the company in 1988, Graham Partners has completed over 140 acquisitions, joint ventures, financings and divestitures. Total committed capital raised by the Graham Partners funds along with Graham-led co-investments since inception is approximately $3.7 billion, which differs from regulatory assets under management. Investors include high net worth individuals, college and university endowments, endowments, public and private pension plans, funds of funds, and other institutional investors. Based in suburban Philadelphia, the company has access to extensive operational resources and industry expertise and is a member of The Graham Group, an alliance of independent operating companies, investment firms and philanthropic institutions, all sharing the common heritage of entrepreneur Donald Graham.
Harris Williams, an investment bank specializing in M&A advisory services, serves sellers and buyers of businesses worldwide at critical milestones, providing thoughtful advice throughout the life of their business. By working together as one company across industry groups and geographies, the company helps its clients achieve outcomes that support their goals and strategically create value. Harris Williams is committed to excellence in execution and building lasting, valued relationships built on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams Industrials Group has experience across a variety of sectors including advanced manufacturing; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the Company’s Industrials Group and other recent transactions, please visit the Industrials Group section of Harris Williams’ website.
Harris Williams LLC is a Registered Broker Dealer and a member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited company incorporated under the laws of England with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Companies Register for England and Wales (registered number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is entered in the commercial register of the District Court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstraße 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Managing Directors/Directors: Jeffery H. Perkins, Paul Poggi. (VAT ID No. DE321666994). Harris Williams is a trading name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH do business.