NEW YORK – March 26, 2026 – CMA, a leading provider of investment banking and turnaround & restructuring advisory services to the middle market, today announced that it has been named recipient of the Divestiture of the Year award at the 20th Annual Turnaround Awards, hosted by the M&A Advisor during the 2026 Distressed Investing Summit in Palm Beach, Florida.
The M&A Advisor recognized CMA’s Strategic & Transaction Advisory team for its exceptional work guiding HealthTronics, a premier provider of kidney stone management solutions for urologists, health systems, and patients, through a successful recapitalization and new investment from Secretariat Capital.
“It’s an honor to be recognized by the M&A Advisor at the 20th Annual Turnaround Awards, and a privilege to work with HealthTronics on a number of initiatives that will continue to unlock value and support its long-term success,” said Ben Godbout, Head of Strategic & Transaction Advisory.
“This milestone represents an exciting step forward for the HealthTronics team and reflects the Strategic & Transaction Advisory team’s strong commitment to helping clients navigate complex, multi-faceted processes with thoughtful, results-driven solutions,” added Brian Williams, Managing Partner of CMA.
The M&A Advisor Turnaround Awards recognize excellence in distressed transactions, restructurings, refinancings, and corporate turnarounds, honoring leading firms, professionals, and deals globally.
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About CMA
CMA is a New York–based advisory firm serving middle-market companies, providing integrated Investment Banking and Turnaround & Restructuring services. Formerly known as Carl Marks Advisors, CMA brings decades of transaction, financial, and operational experience to complex and transformative situations. CMA’s Investment Banking group advises clients on mergers and acquisitions, capital advisory, and other strategic transactions, while its Turnaround & Restructuring team works closely with management and stakeholders to address operational and financial challenges, preserve value, and support long-term outcomes.
About The M&A Advisor
The M&A Advisor was founded in 1998 to publish insights and intelligence on mergers and acquisitions. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisitions, restructuring and corporate finance professionals, delivering a range of integrated services from offices in New York and London.
