Headwaters SC offered specialized financial services for business owning family offices, family business holding companies and larger scale private companies. HWSC operated as a subsidiary of Headwaters MB. The firm helped the clients in the areas of business growth, company capitalization, generational transition and shareholder liquidity. HWSC was founded in 1982 and was based in Sewickley, Pennsylvania. The company, a subsidiary of Headwaters MB was acquired by Ernst & Young for an undisclosed amount on July 13, 2017.