Harris Williams & Co. Sells Harvey Industries to Dunes Point Capital

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Harvey Industries Inc., doing business as Harvey Building Products (Harvey), to Dunes Point Capital (DPC). Harvey is a manufacturer and distributor of premium windows, as well as a wholesale distributor of a broad range of high-quality exterior building products. Management as well as members of the Bigony and Morrison families will continue to be meaningful investors in the business. The transaction was led by Mike Hogan, Ryan Nelson and Trey Packard of Harris Williams & Co.’s Building Products Group and Jay Hernandez and Brandt Carr of the firm’s Industrials Group.

“Since its founding by the Bigony and Morrison families, Harvey has become an independent building products distributor and manufacturer in the Northeast with a well-recognized and valuable brand name,” says Mike Hogan, a managing director in Harris Williams & Co.’s Building Products Group. “The sale of Harvey is indicative of the continued strong interest from private equity groups and strategic buyers in the building products sector.”

“It has been a pleasure working with both families and the company’s management team,” adds Jay Hernandez, a director at Harris Williams & Co. “We are excited to see the company, with the support of its new partner, build on its market position and continue its strong track record of growth.”

Founded in 1961 and headquartered in Waltham, Mass., Harvey is a vertically-integrated manufacturer of windows, doors and porch enclosures and a full-line distributor of wholesale exterior building products. Serving customers directly in the Northeast, the company has approximately 1,500 employees and operates two manufacturing facilities, 33 warehouse locations and 13 product showrooms.

Founded in 2013, DPC is a family office and private investment firm pursuing control investments in companies operating in the general industrial and energy sectors. Headquartered in Rye, N.Y., DPC targets companies with enterprise values of up to $500 million.

Harris Williams & Co., a member of The PNC Financial Services Group Inc., is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Building Products & Materials Group has closed more than 75 transactions across a broad range of sectors, including production, distribution and services related to building materials, commercial and residential construction; infrastructure and public facilities; repair and remodeling; cabinetry, windows, and doors; flooring and tiles; roofing and siding; HVAC, electrical and plumbing; aggregates; asphalt; ready-mix concrete; cement; and engineering and construction services. For more information on the firm’s Building Products & Materials Group, visit the Building Products & Materials Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.