Harris Williams & Co. Advises Agdata in Its Sale to SFW Capital Partners, LLC

Harris Williams & Co. announces that Agdata, a division of AGDATA, L.P., owned by founder Verl Purdy and Carousel Capital (Carousel), has been purchased by SFW Capital Partners, LLC (SFW). Harris Williams & Co. acted as the exclusive advisor to Agdata. Both Mr. Purdy and Carousel have retained an interest in the company, and Mr. Purdy will continue to serve on the Agdata Board of Directors. The transaction was led by David Joncas, Garin Arevian and Rahul Swani from the firm’s Technology, Telecom & Digital Media (TTDM) Group, and Turner Bredrup and David Keys from the firm’s Richmond office. Terms of the transaction were not disclosed.

"Agdata is the leading provider of strategic data and analytical solutions to the world’s largest agricultural and animal health manufacturers and maintains direct connectivity to more than 9,500 industry retailers and distributors, representing more than 90% of the U.S. market. The Agdata team has done a remarkable job helping clients analyze, grow and optimize their operations by providing actionable strategic data and the highest levels of customer service,” said David Joncas, managing director and co-head of Harris Williams & Co.'s TTDM Group.

Agdata provides mission-critical strategic data solutions, including outsourced database management, marketing program administration, data collection and data analysis services to the agriculture, crop protection and animal health industries.

Carousel is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 28 companies in three targeted growth sectors: business services, consumer products and services, and healthcare services.

SFW is a private equity firm that invests with management in mid-sized companies providing analytical tools and services, including instruments, information and software. As a team, the partners at SFW have supported some of the most successful and well-regarded companies in its target markets.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier middle market advisor with a two decade legacy of sell side excellence serving clients worldwide. The firm is focused exclusively on the middle market providing sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

The firm’s TTDM Group focuses on software, IT services, communications and digital media. For more information, contact David Joncas or Jeff Bistrong in Boston at +1 617-482-7501, Jim Reinhart in San Francisco at +1 415-288-4260, or Thierry Monjauze in London at +44 203 170 8838.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, an Appointed Representative of Sturgeon Ventures LLP, which is authorised and regulated by the Financial Services Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business in the U.S. and Europe, respectively.

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