News

Bengur Bryan & Co., Inc. advised Accscient, LLC in the purchase of PDS, LLC (PDS). PDS, established in 1987 and headquartered in Denver, CO, has offices in Phoenix, AZ and Salt Lake City, UT and is one of the leading Information Technology (IT) & Engineering consulting firms in the Western United States. Given their presence in the southwest and strong engineering competencies, the acquisition will create significant benefits to both companies and especially PDS’s customer base.

Based in Atlanta, GA, Accscient was founded in 2005 with a goal of building a leading national provider of IT services. Accscient operates through three divisions (Norwin Technologies, Premier IT Solutions and Appridat) and provides IT consulting and IT staffing services on client projects including ERP planning/implementation, business intelligence, and infrastructure/data center management. Accscient serves Fortune 1000 customers in a wide variety of industries with over 350 consultants while leveraging offshore capabilities when appropriate.

Bengur Bryan is pleased to announce that it acted as the exclusive financial advisor to Dunbar Armored, Inc. (“Dunbar” or “the Company”) in its sale to The Brink’s Company for $520 million.

The transaction combines two of the largest U.S. cash and valuable management solutions companies, Brink’s (2nd largest) and Dunbar (4th largest). Dunbar’s focus on small to medium sized retail and financial institutions, with 78 branches and a fleet of more than 1,600 armored cars, will expand and complement Brink’s customer base.
Dunbar focuses on the retail, financial, government, education and healthcare sectors. Since its inception in 1923, the Company has remained a leader in providing innovative solutions to its customer base, including bar code scanning, smart safes and routing software.

Bengur Bryan is proud of its 20+ year relationship with the Dunbar family which began in 1995 by providing a valuation of common stock for estate planning purposes and is capped by this significant transaction combining two prominent brands to become the world’s largest provider of cash and valuable management solutions. Over the years, Bengur Bryan has been a trusted, thoughtful advisor and partner to Dunbar’s management and shareholders by providing consistent capital markets and financial advisory services including:

Arrangement of multiple credit and financing facilities;

Financial advisory and valuation services in completing a corporate reorganization of its related subsidiaries;

Sale of Dunbar Global Logistics to Loomis AB; and

Financial advisory services related to the capitalization of Dunbar Cybersecurity Solutions.

“Bengur Bryan has been a trusted advisor to the Dunbar company and the Dunbar family, starting with their work over 20 years ago. As we’ve grown, our relationship with Bengur Bryan has been there, with Chris, Charles and their colleagues providing financing solutions, divestiture services and sound, dependable advice. Their understanding of our needs as a family business and the value of Dunbar were why we wanted them as advisors on this momentous sale.” Kevin Dunbar, President and CEO of Dunbar Armored, Inc.

Bengur Bryan advised South/Win, Ltd. (“South/Win”) on its sale to Highline Aftermarket (“Highline”).  Headquartered in Greensboro, NC, South/Win is a leading supplier of windshield washer fluid and antifreeze for the RV & marine markets. South/Win produces a variety of brands including Rain-X, Windex, Blue Coral, and Krystal Kleer for major retailers throughout the United States. South/Win operates manufacturing plants in Greensboro, NC; Leominster, MA; Livonia, MI; Arlington, TX; and Sparks, NV. These facilities join Highline’s existing plants in Wilmington, DE and Milwaukee, WI to form a seamless national supply chain for Highline and South/Win customers.

Will DuBose, President of South/Win, and Blaine DuBose, Vice President of South/Win stated, “Our team is excited to continue South/Win’s growth as part of the Highline family. We are thrilled for the opportunities that this transaction presents for South/Win’s employees, customers, suppliers and other partners.”

Highline is a leading national distributor of consumable products, with strategic manufacturing capabilities, serving multiple channels across the automotive aftermarket. The company was formed in April 2016, by The Sterling Group, a Houston-based middle market private equity firm. Highline has more than doubled in size under Sterling’s ownership and the acquisition of South/Win is the third add-on acquisition completed by Highline. The earlier add-ons were Service Champ, a Chalfont, PA-based distributor of branded and private label automotive aftermarket maintenance parts and accessories, in April 2016; and Levin’s, a Sacramento, CA-based distributor of branded and private label automotive aftermarket maintenance parts and accessories, in January 2018. The addition of South/Win provides Highline with a highly efficient nationwide automotive fluid manufacturing footprint to serve its end markets.

Bengur Bryan & Co., Inc. advised Accscient, LLC on the acquisition of Emergys, LLC.  Headquartered in Raleigh, NC, Emergys is a leader in SAP enterprise solutions, IBM business process management, business intelligence and analytics and digital transformation solutions and services.

Based in Atlanta, Georgia, Accscient was founded in 2005 with a goal of building a leading national provider of IT services.  Accscient operates through three divisions (Norwin Technologies, Premier IT Solutions and Appridat) and provides IT consulting and IT staffing services on client projects including ERP planning/implementation, business intelligence, and infrastructure/data center management.  Accscient serves Fortune 1000 customers in a wide variety of industries with over 350 consultants, while leveraging offshore capabilities when appropriate.

Bengur Bryan advised Andalou Naturals (“Andalou” or the “Company”) in its sale to BWX Brands USA, Inc., a subsidiary of BWX Limited (“BWX”). Andalou represents the addition of a complementary brand to BWX’s existing brand portfolio, which includes Sukin and Mineral Fusion.

Continue Reading »

Bengur Bryan advised Sequel Youth and Family Services (“Sequel”), a leading behavioral healthcare provider, on a majority equity investment from Altamont Capital Partners (“Altamont”), a private investment firm based in the San Francisco Bay Area with $2 billion of capital under management.

Continue Reading »

Bengur Bryan & Co., Inc. served as placement agent in the private placement of $20 million of preferred equity securities and redeemable preferred securities to support the recapitalization and growth strategy of Accscient, LLC.

Continue Reading »