Harris Williams Advises the Armstrong Group on its Acquisition of the Ziegenfelder Company
07 Janeiro 2022 - 3:50PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised the Armstrong Group
on its acquisition of the Ziegenfelder Company (Ziegenfelder), a
private, family-owned frozen novelty manufacturer that focuses on
producing the highest quality frozen ice treats. The transaction
was led by the Harris Williams Consumer Group, including Ryan
Freeman, William Watkins, David Stead and John Cunningham.
“We are proud to have worked alongside the Armstrong Group
through the acquisition of Ziegenfelder,” said Ryan Freeman, a
managing director at Harris Williams. “The Budget Saver Twin Pops
brand is the second largest brand in its category, and Ziegenfelder
is well-positioned to drive continued growth within the frozen
novelty and water-ice segments.”
“The Armstrong Group is a great cultural fit for Ziegenfelder,”
added William Watkins, a managing director at Harris Williams. “The
two organizations share common values and goals, which provide the
foundations for long-term success.”
The Armstrong Group is a family-owned and -operated collection
of diverse companies. What began in 1946 as Armstrong County Line
Construction has now grown into an organization that encompasses
multiple industries and employs over 2,000 individuals nationwide.
The Armstrong Group is led by Dru Sedwick, grandson of the founder
of the company, Jud L. Sedwick. Mr. Sedwick has guided the
Armstrong Group through several acquisitions during his tenure as
President and CEO.
Based in Wheeling, West Virginia, Ziegenfelder is a private,
family-owned frozen novelty manufacturer that focuses on producing
the highest quality frozen ice treats. Ziegenfelder’s signature
item, Budget Saver Assorted Twin Pops, is commonly referred to as
the “Rainbow Array.” Ziegenfelder is a significant manufacturer of
twin pops with production facilities in Wheeling, West Virginia;
Chino, California; and Denver.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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