Transaction Overview
Janney Montgomery Scott (“Janney”) is pleased to announce that it has served as the exclusive financial advisor to Henry’s Wrecker Service (“Henry’s”), a premier provider of police towing services, large wrecker and heavy towing services, parking enforcement, and commercial towing services, on its recapitalization by Lancer Capital Management (“Lancer”), a Pennsylvania-based private investment firm. Lancer saw meaningful value in Henry’s leading market position, first-class staff and fleet and recognized an ideal opportunity to make a platform investment, which aligned with its government and municipal outsourced services focus.
About Henry’s Wrecker Service
Headquartered in Falls Church, VA, Henry’s is an established and reputable provider of towing services including police towing services, parking enforcement, and commercial towing services. The company began operations in 1968 and has served for more than 50 years as a trusted partner to states, counties, municipalities, property owners, and companies in Virginia, the District of Columbia and Maryland.
For more information on Henry’s, visit www.henryswrecker.com.
About Lancer Capital Management
Lancer Capital Management is a private investment firm focused on partnering with families, founders, and management teams to support acquisitions, recapitalizations, and growth financings of private companies. Backed by a network of family offices and high-net-worth individuals, the firm has experience and a particular interest in government and municipal outsourced services, industrial manufacturing, engineered parts and services, and niche business services. The partners of Lancer have significant experience as investors and operating executives, focusing on building relationships and providing patient and flexible capital to its partners.
For more information on Lancer, visit www.lancercm.com.
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