RICHMOND, Va.--(BUSINESS WIRE)--Cobblestone | Harris Williams is pleased to announce that E-Mon, LLC, a portfolio company of Branford Castle, Inc., has been acquired by strategic buyer Honeywell (NYSE:HON), a $33 billion diversified technology and manufacturing leader. The transaction closed on July 21, 2010. Cobblestone | Harris Williams acted as exclusive advisor to E-Mon, and the transaction was led from the firm’s Richmond office by Harold Williams and Karl Kirkeby, along with Drew Spitzer and Tiff Armstrong of Harris Williams & Co.’s Energy & Power Group.
E-Mon, headquartered in Langhorne, Pennsylvania, is the leading designer and manufacturer of smart energy submeter systems and integrated energy intelligence software. With a nearly 30-year history, the E-Mon D-Mon® brand is the most widely recognized suite of hardware, software and services in the market. The company’s solutions are used by commercial and industrial (C&I), multi-tenant office and residential, government, and institutional end-users for tenant billing, load profiling analysis, demand-side management, energy conservation, cost allocation, and green building initiatives, among other uses.
Branford Castle is a New York-based investment company that joins with management teams to help grow small to medium-sized private companies, often over an indefinite holding period. Founded in 1986 by John K. Castle, the current CEO and Chairman of the multi-billion dollar private equity firm Castle Harlan, Branford Castle aims to augment strong companies that are leaders in their respective industry niches. During its partnership with Branford Castle, E-Mon was able to further solidify its industry-leading capabilities and best position itself for the rapidly expanding energy efficiency and green energy markets.
Honeywell is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, New Jersey, Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges.
Cobblestone | Harris Williams (www.cobblestonehw.com) is a specialty group of Harris Williams & Co. Cobblestone provides trustworthy advice and superior execution on private company sales, corporate divestitures, acquisitions, recapitalizations, restructurings, and complex valuations for lower-middle market transactions. Cobblestone’s professionals have advised on M&A and financing transactions representing more than $5 billion in value since 1998, making it one of the nation's most experienced and successful advisors dedicated solely to the lower middle market.
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, management buyouts, fairness opinions, private placements, capital markets advisory, and restructuring advisory services.
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 authorized and regulated by the Financial Services Authority. Cobblestone | Harris Williams and Harris Williams & Co. are trade names under which Harris Williams LLC conduct business in the U.S.