Generated by All in One SEO v4.9.9, this is an llms.txt file, used by LLMs to index the site. # The CMA Group A Leading Advisory Firm ## Sitemaps - [XML Sitemap](https://www.thecmagroup.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [CMA Advises Edge Right, a Tech-Enabled Outdoor Living Products Brand, on Its Sale to Super-Sod](https://www.thecmagroup.com/2026/08/13/cma-advises-edge-right-a-tech-enabled-outdoor-living-products-brand-on-its-sale-to-super-sod/) - CMA is pleased to announce that it served as exclusive financial advisor to Edge Right, a leading direct-to-consumer (DTC) provider of premium steel landscape edging and adjacent outdoor living products, in its sale to Super-Sod, a portfolio company of Kainos Capital. - [The High-Stakes Role of Healthcare CFOs](https://www.thecmagroup.com/2025/05/27/the-high-stakes-role-of-healthcare-cfos/) - While CFOs generally play a crucial role in stabilizing financial operations and implementing immediate solutions, those financial executives in the healthcare sector must navigate a uniquely complex financial landscape that requires deep industry expertise. - [How Interim CFOs Lead Through Crisis and Recovery](https://www.thecmagroup.com/2025/06/19/how-interim-cfos-lead-through-crisis-and-recovery/) - A Chief Financial Officer (CFO) plays a pivotal role in an organization, serving as the financial backbone and strategic advisor to executive leadership. - [Turmoil in the Liquor and Spirits Industry and What Comes Next](https://www.thecmagroup.com/2026/04/22/turmoil-in-the-liquor-and-spirits-industry-and-what-comes-next/) - The liquor and spirits industry is undergoing a structural shift driven by changing consumer behavior, excess supply, and mounting pressure across the value chain. - [CMA Recognized for Divestiture of the Year at M&A Advisors’ 20th Annual Turnaround Awards](https://www.thecmagroup.com/2026/03/26/cma-recognized-for-divestiture-of-the-year-at-ma-advisors-20th-annual-turnaround-awards/) - 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 - [Distress in the Specialty Chemicals Industry, Part Two: How Lenders and Sponsors Can Respond](https://www.thecmagroup.com/2026/04/02/distress-in-the-specialty-chemicals-industry-part-two-how-lenders-and-sponsors-can-respond/) - In this second part of a two-part series on the specialty chemicals industry, Ben Godbout, Managing Director and Head of Strategic and Transaction Advisory at CMA, looks at the implications of sector distress for lenders and investors, and addresses how they can maximize value amidst volatility. - [Distress in the Specialty Chemicals Industry, Part One: Structural Change](https://www.thecmagroup.com/2026/03/17/distress-in-the-specialty-chemicals-industry-part-one-structural-change/) - In this first part of a two-part series on the specialty chemicals industry, Ben Godbout, Managing Director and Head of Strategic and Transaction Advisory at CMA, looks at structural shifts that have put the sector under pressure. - [Why Legacy Matters: Navigating Family Business Exits](https://www.thecmagroup.com/2026/02/25/why-legacy-matters-navigating-family-business-exits/) - Selling your business is a defining moment, both financially and personally. Legacy considerations, family dynamics, and long-term continuity often shape the path forward just as much as valuation. - [CMA Announces Promotion of Stephen Funnell to Director](https://www.thecmagroup.com/2026/02/16/cma-announces-promotion-of-stephen-funnell-to-director/) - New York – February 19, 2026 – CMA, a leading provider of investment banking and turnaround & restructuring advisory services, today announced the promotion of Stephen Funnell to Director. “Stephen has been an integral member of our Turnaround & Restructuring team, delivering thoughtful financial and operational advisory services to lenders, senior management teams, and private equity firms,” - [2026 CMA Outlook: What Our Managing Partners are Watching](https://www.thecmagroup.com/2026/02/11/2026-cma-outlook-what-our-managing-partners-are-watching/) - CMA’s senior leaders recently convened to look back at 2025 and assess key trends that will drive the markets, affect businesses, and influence decision-making this year. - [Introducing CMA](https://www.thecmagroup.com/2026/01/21/introducing-cma/) - Carl Marks Advisors is now CMA. This rebrand is not a cosmetic change, but a reflection of how we operate today. Along with the new name, we refreshed our visual identity and redesigned the website. The result is a clearer, more intuitive platform. You’ll find the right experience, right team, and right context quickly. - [2025 CMA M&A Roundtable: An Outlook on 2026](https://www.thecmagroup.com/2026/01/28/2025-cma-ma-roundtable-an-outlook-on-2026/) - CMA recently assembled a roundtable of its senior leaders to look ahead to 2025 and discuss key trends that will drive the markets, affect businesses and influence decision-making over the next 12 months. - [How Private Equity Firms Can Engage Owners & Founders to Secure the Deal](https://www.thecmagroup.com/2024/05/30/how-private-equity-firms-can-engage-owners-founders-to-secure-the-deal/) - In this episode of the Private Equity Podcast, Chris Parisi and Alex Rawlings outline effective engagement strategies for PE firms with business owners during acquisitions, and what business owners seek in PE firms beyond financials. They also discuss the 2024 middle market M&A outlook, considering interest rates and earnings.Listen to the episode below: - [The State of Middle Market Restructuring in 2024 with Bobby Lau](https://www.thecmagroup.com/2024/06/14/the-state-of-middle-market-restructuring-in-2024/) - Q: How do you view the current middle market restructuring environment?A: Across the middle market, we have seen an uptick in restructuring activity since the beginning of the year, particularly among consumer-facing and healthcare businesses. COVID-related demand inflated some consumer companies’ earnings during the pandemic. Now, many of those businesses are experiencing a “hangover” or - [Carl Marks Advisors Rebrands to CMA and Unveils Refreshed Website Reflecting New Identity](https://www.thecmagroup.com/2026/01/15/carl-marks-advisors-rebrands-cmaand-unveils-refreshed-website-reflecting-new-identity/) - New York – January 15, 2026 – Carl Marks Advisors, a leading provider of investment banking and turnaround & restructuring services, announced today that it is rebranding as CMA. “This new identity brings clarity to who we are today and how we serve the market,” said Evan Tomaskovic, Managing Partner of CMA. “It unifies our - [How AI is Shaping the Future of Specialty Manufacturing M&A](https://www.thecmagroup.com/2025/05/09/how-ai-is-shaping-the-future-of-specialty-manufacturing-ma/) - The world of specialty manufacturing is on the cusp of a revolution — one that’s being accelerated by artificial intelligence and automation. - [How Middle Market Companies Can Turn Tariffs into Opportunity: Building Resilient Supply Chains](https://www.thecmagroup.com/2025/08/25/how-middle-market-companies-can-turn-tariffs-into-opportunity-building-resilient-supply-chains/) - By Peter Keogh & Lance Dowden, Managing Directors at CMA Tariffs, trade wars, and worldwide supply chain interruptions are putting companies of all sizes under increased pressure to become more resilient and rigorous with their procurement and logistics operations. While Fortune 500 companies are feeling pressure, they are also better positioned than smaller businesses to - [Career Profile: Brock Hudson](https://www.thecmagroup.com/2018/12/19/career-profile-brock-hudson-managing-director/) - What attracted you to Carl Marks Advisors when you joined? I found the size of the firm and the fact that it was family owned very appealing. My initial points of contact were Joe D’Angelo, Duff Meyercord and Jon Bushnell – and my respect for all of them has only increased since. I appreciate the - [Career Profile: Benjiman Godbout](https://www.thecmagroup.com/2021/05/05/career-profile-benjiman-godbout/) - You’ve had a different career path than many others at CMA, having started at the firm, then left and returned. Can you tell us about your journey and what drew you back to CMA? I was originally at CMA from 2015 until 2018. During that time, I built a network of buyside funds that invested - [Career Profile: Jeanine Krattiger](https://www.thecmagroup.com/2021/12/17/career-profile-jeanine-krattiger/) - What lessons has the pandemic taught you about how to communicate most effectively with clients and key contacts in the industry? When the pandemic first began, our main concern was how swiftly and seamlessly we could move from in-person work to virtual. We also wanted to make sure we could find ways to consistently stay - [Career Profile: Michael Gordon](https://www.thecmagroup.com/2022/03/29/career-profile-michael-gordon/) - Your career path at CMA is a bit unique—you joined the firm soon after college, went for your MBA, and returned after a time. What brought you back to CMA? I came back to CMA for the people and culture. During management presentations for an IT consulting firm last year, potential buyers asked our client - [Career Profile: Bobby Lau](https://www.thecmagroup.com/2022/07/13/career-profile-bobby-lau/) - Your background is in lending. How does that help in your day-to-day interactions with potential clients? Initially, the lending relationships I had across the country were a real benefit in building our client base across many markets. Heller Financial and CIT were big players in the middle market finance world, and I had former team - [Career Profile: Stephen Funnell](https://www.thecmagroup.com/2023/07/26/career-profile-stephen-funnell/) - Tell me a little bit about your background. Were you always focused on finance as a career? Initially, I intended to join my family in the rank of accountants, but, after taking managerial accounting classes, I knew it wasn’t in my DNA. I have always enjoyed working with numbers, but was drawn more toward the - [2025 Outlook Roundtable: CMA Senior Leaders Look to the Year Ahead](https://www.thecmagroup.com/2025/01/13/2025-outlook-roundtable-carl-marks-advisors-senior-leaders-look-to-the-year-ahead/) - CMA recently assembled a roundtable of its senior leaders to look ahead to 2025 and discuss key trends that will drive the markets, affect businesses and influence decision-making over the next 12 months. - [Inside the 2025 CMA Restructuring Roundtable](https://www.thecmagroup.com/2025/09/23/inside-the-2025-cma-restructuring-roundtable/) - CMA recently assembled a roundtable of its senior restructuring experts to reflect on the first half of 2025, discuss key trends impacting middle-market businesses, and assess restructuring activity. - [Carl Marks Advisors Guides HealthTronics Through Recapitalization & New Investment Partnership](https://www.thecmagroup.com/2025/09/15/carl-marks-advisors-guides-healthtronics-through-recapitalization-new-investment-partnership/) - New York – September 15, 2025 – CMA, a leading provider of restructuring and M&A services to the middle market, announced that it has advised HealthTronics (the “Company”), a premier provider of kidney stone management solutions for urologists, health systems, and patients, on the successful recapitalization of the Company and a new investment from Secretariat Capital. Founded - [Healthcare Industry Facing Disruption with Jonathan Killion](https://www.thecmagroup.com/2024/08/07/healthcare-industry-facing-disruption-with-jonathan-killion/) - Q: In the wake of the COVID-19 pandemic, the healthcare industry continues to experience widespread disruption. What are some of the primary challenges facing middle-market healthcare businesses?A: We are seeing middle-market healthcare businesses, particularly in-patient businesses, struggle with a high degree of economic uncertainty, driven by a combination of factors, including lingering supply chain issues, - [The State of the Restaurant Industry with Jeffrey Pielusko](https://www.thecmagroup.com/2024/11/19/the-state-of-the-restaurant-industry-with-jeffrey-pielusko/) - Q: How do you view the current state of the restaurant industry?A: The industry still has not fully recovered from the COVID-19 pandemic. We are seeing restaurants, and particularly mid-tier restaurant chains like Applebee’s and Chili’s, struggle with high interest rates, persistent inflation, rising minimum wage, and high overhead costs. Conversely, high-end restaurants have maintained - [A Critical Dose for Drugstore Chains](https://www.thecmagroup.com/2025/03/18/a-critical-dose-for-drugstore-chains/) - CMA has decades of experience helping businesses navigate complex challenges across the healthcare, retail, consumer products, and food and grocery industries. Our deep cross-sector expertise enables us to support businesses – like drugstore chains – that operate at the intersection of industries. - [Cracking the Egg Crisis](https://www.thecmagroup.com/2025/03/26/cracking-the-egg-crisis/) - As a trusted partner to consumer packaged goods (CPG) manufacturers, grocery companies, and restaurants, Carl Marks Advisors has helped countless businesses navigate unforeseen changes. - [Inside the Shifting Energy Markets](https://www.thecmagroup.com/2025/04/22/inside-the-shifting-energy-markets/) - CMA has decades of experience helping businesses navigate complex challenges across the healthcare, retail, consumer products, and food and grocery industries. Our deep cross-sector expertise enables us to support businesses – like drugstore chains – that operate at the intersection of industries. - [The Art of Smarter Pricing During Tariff Uncertainty](https://www.thecmagroup.com/2025/07/07/the-art-of-smarter-pricing-during-tariff-uncertainty/) - As tariffs and trade negotiations continue to dominate headlines, middle-market businesses are among those most deeply impacted, given their narrower margins and limited pricing power. - [Tackling Tariffs as a Middle Market Business Owner](https://www.thecmagroup.com/2025/04/29/tackling-tariffs-as-a-middle-market-business-owner/) - The sweeping and rapidly shifting tariffs imposed in recent weeks have reignited the greatest fear for many businesses: uncertainty. - [The Human Factor in AI-Powered Specialty Manufacturing](https://www.thecmagroup.com/2025/09/09/the-human-factor-in-ai-powered-specialty-manufacturing/) - Culture, talent, and leadership call the plays that can turn AI’s potential into a champion. Let’s dive into the human grit that makes specialty manufacturing a winner. - [The AI Advantage for Specialty Manufacturers](https://www.thecmagroup.com/2025/06/09/the-ai-advantage-for-specialty-manufacturers/) - AI and automation are transforming manufacturing — but for many specialty manufacturers, the path forward hasn’t been clear. That’s starting to change. - [What It Takes to Lead an Organization Through a Natural Disaster](https://www.thecmagroup.com/2025/09/30/what-it-takes-to-lead-an-organization-through-a-natural-disaster/) - By Keith Daniels, Interim CEO and CFO at Avadim Holdings Inc., a North Carolina-based life sciences company that successfully navigated the aftermath of Hurricane Helene.In September 2024, Hurricane Helene carved a destructive path across the Southeastern United States, unleashing historic rainfall, flooding, landslides, powerful winds, and tornadoes, leaving a lasting mark on western North Carolina. - [Carl Marks Advisors Advises Pet Qwerks on Sale to Petmate](https://www.thecmagroup.com/2020/08/19/carl-marks-advisors-advises-pet-qwerks-on-sale-to-petmate/) - New York, August 19, 2020 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it served as the sell-side investment banker in the sale of Pet Qwerks, Inc., a designer and developer of innovative high-quality dog chews and interactive toys for dogs and - [Carl Marks Advisors Announces the Addition of Vice President Nick Baro](https://www.thecmagroup.com/2025/09/22/carl-marks-advisors-announces-the-addition-of-vice-president-nick-baro/) - New York – September 25, 2025 – CMA, a leading provider of restructuring and M&A services to the middle market, announced that Nick Baro has rejoined the firm as Vice President. Baro is a restructuring advisor with over five years of experience in financial services, specializing in financial and operational turnarounds. He has played a key role in - [Lender Patience Wearing Thin](https://www.thecmagroup.com/2021/11/23/lender-patience-wearing-thin/) - Q: What did you hope to learn from this survey? A: We work with a wide variety of banks and alternative lenders, financial sponsors, and advisors to middle market companies, and have noticed a shift in attitudes as the pandemic has progressed. Given a number of dynamics, including the end of the PPP loan program - [For Healthcare Organizations, Efficiency is Key to Navigating 2022 Challenges](https://www.thecmagroup.com/2022/02/03/for-healthcare-organizations-efficiency-is-key-to-navigating-2022-challenges/) - Q: As healthcare organizations approach budgeting and planning for the year ahead, what are the biggest challenges they are facing? A: First and foremost, there is a severe labor shortage across the industry, and we really see no immediate relief in sight as we head into 2022. This is not just an issue for healthcare - [Will 2023 See a Return of Optimism to the Oil Field Services Industry?](https://www.thecmagroup.com/2022/12/27/will-2023-see-a-return-of-optimism-to-the-oil-field-services-industry/) - Q: With oil prices in such radical flux over the past 24-plus months, how have U.S. oil field service companies fared? A: They have been severely tested by a number of trends throughout the pandemic, including demand reduction during lockdowns, dramatically lower rig counts, and severe swings in oil and natural gas prices. Many oil - [Supply Chain Challenges](https://www.thecmagroup.com/2022/04/05/supply-chain-challenges/) - Q: What can retailers do to alleviate supply chain pain points in 2022? A: Supply chains have historically been an underinvested part of the business. The impact of COVID-related disruptions has refocused attention toward the supply chain, and retailers are looking for opportunities to make them more reliable and agile. Two objectives they can hit - [4 Strategies for Avoiding Holiday Supply Chain Disruption](https://www.thecmagroup.com/2021/11/27/4-strategies-for-avoiding-holiday-supply-chain-disruption/) - There are several strategies that retailers can employ that may help to alleviate the immediate effects of supply chain disruptions and best position them for a strong holiday season. The Coronavirus disease (COVID-19) has resulted in a series of cascading consequences for global supply chains. Throughout 2020 and into 2021, pandemic shutdowns and a rapid - [Jeff Pielusko and Peter J. Keogh Discuss the Supply Chain on ABFJ Podcast](https://www.thecmagroup.com/2022/05/25/jeff-pielusko-and-peter-j-keogh-discuss-the-supply-chain-on-abfj-podcast/) - The Supply Chain Impact of the Conflict in Ukraine “In this week’s episode, we continue to look at the supply chain, particularly in the wake of the crisis in Ukraine. Jeff Pielusko and Peter J. Keogh of Carl Marks Advisors provided insight on this topic, explaining how the war is creating surging commodity prices and - [Howard Meitiner on Retail Focus Podcast](https://www.thecmagroup.com/2021/06/30/howard-meitiner-on-retail-focus-podcast/) - The Next Step for Malls and Gallerias; Big Lots Eyes 2021 Expansion “Our interview guest is Howard Meitiner, Managing Director at Carl Marks Advisors and former President and CEO of Sephora USA; he joins us to discuss the immediate future for shopping malls and mall-based retailers and the differences in leading growth-centric retailers versus those - [Supply Chains Unlikely to Stabilize Until First Half of 2024 or Beyond, According to New Survey by CMA and SupplyChainBrain](https://www.thecmagroup.com/2022/07/06/supply-chains-unlikely-to-stabilize-until-first-half-of-2024-or-beyond-according-to-new-survey-by-carl-marks-advisors-and-supplychainbrain/) - Banks and lenders have been flexible with middle market borrowers during the COVID-19 pandemic, but that is likely to change as we move into 2022. - [Carl Marks Advisors Serves as Exclusive Financial Advisor to MidCap Financial in §363 Sale of Paper Source](https://www.thecmagroup.com/2021/06/04/carl-marks-advisors-serves-as-exclusive-financial-advisor-to-midcap-financial-in-§363-sale-of-paper-source/) - New York, June 4, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has concluded its engagement as the exclusive financial advisor to MidCap Financial (“MidCap”) in the sale of the assets of Paper Source, Inc. to Elliott Investment Management L.P. ("Elliott"). The sale was completed on - [Carl Marks Advisors Guides Aztec/Shaffer Through Successful Restructuring and Sale](https://www.thecmagroup.com/2021/06/03/carl-marks-advisors-guides-aztec-shaffer-through-successful-restructuring-and-sale/) - New York, June 3, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced the completion of the restructuring and successful sale of Aztec Events & Tents and Shaffer Sports, collectively known as Aztec/Shaffer, LLC (“Aztec/Schaffer” or “the Company”). Carl Marks Advisors served as restructuring advisor - [Carl Marks Advisors Continues Growth Momentum With Staff Additions & Promotions](https://www.thecmagroup.com/2021/01/26/carl-marks-advisors-continues-growth-momentum-with-staff-additions-promotions/) - Firm Welcomes Peter Keough as Managing Director New York, January 26, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that Peter Keogh has joined the firm as a Managing Director, and promoted four current employees. Carl Marks Advisors is continuing to build - [Coworking with Howard Meitiner](https://www.thecmagroup.com/2022/08/17/coworking-with-howard-meitiner/) - By Erin Cabrey Howard Meitiner has quite the retail résumé. One highlight: He was previously president and CEO of Sephora Americas and Asia Pacific, introducing the beauty retailer to the US and Japan and debuting Sephora.com during his tenure in the late ’90s. Below, he shares more about his current role advising retail companies, and - [How Technology Can Help Retailers Navigate Uncertain Waters](https://www.thecmagroup.com/2023/07/14/how-technology-can-help-retailers-navigate-uncertain-waters/) - Q: How are retailers thinking about e-commerce vs. brick and mortar after the last few years of turmoil? A: It’s a mistake to think about it as either/or. People still talk about brick and mortar and e-commerce as though they are separate entities, but really, they are interlinked. Omnichannel is the only way for companies - [Friendly's Restaurants Enters into Sale Agreement](https://www.thecmagroup.com/2020/11/02/friendlys-restaurants-enters-into-sale-agreement/) - Nearly all locations to remain open; thousands of restaurant team member and franchisee jobs expected to be preserved Commences voluntary chapter 11 proceedings to facilitate transaction Wilbraham, MA – November 1, 2020 – FIC Restaurants, Inc., the restaurant company operating under the iconic brand name Friendly’s Restaurants (“Friendly’s” or the “Company”), announced an agreement to sell substantially - [M&A Activity Picking Up in the Grocery Industry](https://www.thecmagroup.com/2023/12/01/ma-activity-picking-up-in-the-grocery-industry/) - Q: The grocery industry has undergone many changes over the last few years due to the pandemic. What is the current state?A: Prior to COVID, grocery consolidation was active with brands like Amazon and Whole Foods partnering in new and innovative ways. Through COVID, there was a serious pause as the industry focused on meeting - [Carl Marks Advisors Guides Bar Louie Through Strategic Restructuring](https://www.thecmagroup.com/2020/10/06/carl-marks-advisors-guides-bar-louie-through-strategic-restructuring/) - New York, October 6, 2020 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced the completion of their assignment as out-of-court Chief Restructuring Advisor and in-court Chief Restructuring Officer to Bar Louie Restaurant Operations, LLC (“Bar Louie”), a national gastro-bar operator and franchisor. As - [Innovation in the Retail and CPG Sector Provides a Cause for Optimism as We Head into 2024](https://www.thecmagroup.com/2024/01/15/innovation-in-the-retail-and-cpg-sector-provides-a-cause-for-optimism-as-we-head-into-2024/) - A new survey sponsored by CMA reveals that middle market retail and consumer packaged goods executives have a high level of optimism as we approach 2024, with few anticipating a recession. Meanwhile, AI-powered logistics, forecasting, marketing and partnerships are among the strategic priorities driving the agenda for the year ahead. - [CMA Earns Two M&A Advisor Awards at 18th Annual Turnaround Awards](https://www.thecmagroup.com/2024/04/03/carl-marks-advisors-earns-two-ma-advisor-awards-at-18th-annual-turnaround-awards/) - NEW YORK – April 3, 2024 – CMA, a leading investment bank providing financial and operational advisory services to middle market companies, has been awarded Out-of-Court Restructuring Deal of the Year and Consumer Discretionary Deal of the Year at the 18th Annual Turnaround Awards, hosted by The M&A Advisor, following the 2024 Distressed Investing Summit. - [Creative Hairdressers, Inc. Announces Plan to Support Reopening of Salons](https://www.thecmagroup.com/2020/04/23/creative-hairdressers-inc-announces-plan-to-support-reopening-of-salons/) - Receives Debtor-in-Possession Loan Commitment to Support Operations Agreement Saves Thousands of Jobs VIENNA, Va. - April 23, 2020 – Creative Hairdressers, Inc., a leading operator of salon brands including Hair Cuttery, BUBBLES and Salon Cielo, today announced an agreement to sell its assets to HC Salon Holdings, Inc., an affiliate of Tacit Salon Holdings, LLC, - [With Consumers Over-Extended, the Middle Market May Pay the Price](https://www.thecmagroup.com/2024/04/23/with-consumers-over-extended-the-middle-market-may-pay-the-price/) - The New York Federal Reserve reported a 50 percent increase in credit card delinquencies in 2023, noting a 59 percent jump from the end of 2022 to the end of 2023. Holiday sales numbers demonstrate that consumers have not stopped spending but rather are delaying payment to a later date, gaming the system by utilizing - [Navigating Change in Retail: 6 Trends to Watch, for the Holiday Season... and Beyond](https://www.thecmagroup.com/2024/12/04/navigating-change-in-retail-6-trends-to-watch-for-the-holiday-season-and-beyond/) - An Expanded Holiday Shopping PeriodFor the most enlightened retailers, the holiday selling season began in October, kicking off with special online days/events from mega-retailers including Amazon, Target and Walmart. While once considered the most critical day on the retail calendar, Black Friday now falls in the middle of the holiday shopping season. Partly due to - [Hollander Sleep Products to Implement Financial Restructuring Through Voluntary Chapter 11 Filing](https://www.thecmagroup.com/2019/05/18/hollander-sleep-products-to-implement-financial-restructuring-through-voluntary-chapter-11-filing/) - BOCA RATON – May 18, 2019 – Hollander Sleep Products, LLC, its parent Dream II Holdings, LLC, and certain of their direct and indirect subsidiaries (collectively, “Hollander” or the “Company”), the leading North American supplier of pillows and mattress pads, today announced that it has filed voluntary petitions to restructure under Chapter 11 of the - [Embracing Change - Navigating AI & Ecommerce Shifts](https://www.thecmagroup.com/2025/02/06/embracing-change-navigating-ai-ecommerce-shifts/) - Retailers have coped with disruption and change for decades. - [Why Consolidation is Gripping the Grocery Industry](https://www.thecmagroup.com/2018/09/27/why-consolidation-is-gripping-the-grocery-industry/) - Keith Daniels, Partner, shared his insights with Middle Market Growth on how pressure on cost and logistics, increasing competition, and advances in technology are driving consolidation in the grocery industry. The last few years have been difficult for grocery store chains. The industry has been through a great deal of distress and consolidation, and industry - [Regional Grocery Stores Feel the Squeeze](https://www.thecmagroup.com/2017/08/17/regional-grocery-stores-feel-the-squeeze/) - [Carl Marks Advisors Serves as Exclusive Financial Advisor to WE Transport on Successful Sale to Beacon Mobility](https://www.thecmagroup.com/2021/08/11/carl-marks-advisors-serves-as-exclusive-financial-advisor-to-we-transport-on-successful-sale-to-beacon-mobility/) - NEW YORK, August 11, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility. WE Transport - [The Changing Nature of Exiting a Family Business](https://www.thecmagroup.com/2022/12/12/the-changing-nature-of-exiting-a-family-business/) - Even with all the uncertainties we have seen in recent years thanks to inflation, higher interest rates and the COVID pandemic, the decision to sell or merge a family business remains at heart a microeconomic one—it’s mostly a function of the family’s circumstances, tends to be less cyclical in nature, and often has more to - [DESHAZO Crane Company Launches Growth Initiative and Seeks Acquisitions to Meet Increasing Customer Demand](https://www.thecmagroup.com/2021/05/12/deshazo-crane-company-launches-growth-initiative-and-seeks-acquisitions-to-meet-increasing-customer-demand/) - Bessemer, AL – May 12, 2021 – DeSHAZO LLC, one of the US’s leading manufacturers and servicers of custom-built overhead cranes with the capability to engineer turnkey automation solutions for construction, infrastructure, manufacturing, and distribution projects, today announced it is seeking strategic acquisitions to continue its successful growth trajectory and expand its business operations. The - [Carl Marks Advisors Guides Family-Owned Jet Line Products To Successful Sale](https://www.thecmagroup.com/2020/10/14/carl-marks-advisors-guides-family-owned-jet-line-products-to-successful-sale/) - New York, October 14, 2020 – Carl Marks Advisors, a leading investment bank providing financial advisory services to middle market companies, today announced that it advised Jet Line Products, a leading swimming pool equipment and supplies business, in its sale to Pool Corporation. Founded in 1971 by the Epstein family, Jet Line is a third-generation - [2023 Consumer M&A Outlook - Five Questions with Chris Parisi](https://www.thecmagroup.com/2023/03/07/2023-consumer-ma-outlook/) - Q: What was last year like in M&A? In what sector did you see the most M&A activity during 2022? A: Last year was a bit of a challenge. We entered 2022 when the economy was going strong and ended the year with our biggest pipeline of M&A deals across a variety of industries, including - [Carl Marks Advisors Guides Sherwood Lumber Through Strategic East Coast Expansion with Acquisition of Mid Atlantic Wholesale Lumber](https://www.thecmagroup.com/2023/05/24/carl-marks-advisors-guides-sherwood-lumber-through-strategic-east-coast-expansion-with-acquisition-of-mid-atlantic-wholesale-lumber/) - New York – May 24, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it has successfully advised Sherwood Lumber (the “Company”), a leading distributor of lumber and building materials, on its acquisition of Mid Atlantic Wholesale Lumber (“MAWL”), a key regional - [Q&A: Rise in Pandemic-Driven Dog and Cat Adoptions Attracts Petmate and Other M&A Buyers](https://www.thecmagroup.com/2020/09/01/qa-rise-in-pandemic-driven-dog-and-cat-adoptions-attracts-petmate-and-other-ma-buyers/) - By Demitri Diakantonis The pet supply sector is soaring during the pandemic, as demand for companion animals, particularly dogs and cats, is rising with people turning to comfort while quarantined. Consumers continue to spend more money on their pets even while cutting back in other areas, and are treating pets as family members. Earlier in - [Carl Marks Securities Completes Sale of Colonial Distributing, Inc. to National Convenience Distributors](https://www.thecmagroup.com/2023/07/13/carl-marks-securities-completes-sale-of-colonial-distributing-inc-to-national-convenience-distributors/) - Premiere Florida C-Store Distributor to Bring Cash-and-Carry Model to Atlantic Seaboard NEW YORK – July 13, 2023 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it has successfully guided Colonial Distributing, Inc., a leading distributor supplying convenience stores across Florida, on its - [Driving Successful M&A Transactions for Family Owned Businesses](https://www.thecmagroup.com/2024/05/30/family-owned-businesses/) - CMA Partner Chris Parisi recently spoke with “The Exit Plan Podcast” host Dana Robinson about his experience in driving successful M&A transactions for family-owned businesses, including insights on structuring buyouts and the role of advisors in complex exit transactions.The conversation included advice for family-owned businesses and why strong financial reporting and efficient business operations should be - [Carl Marks Advisors Completes Sale of Royal Products to Heartwood Partners](https://www.thecmagroup.com/2024/09/16/carl-marks-advisors-completes-sale-of-royal-products-to-heartwood-partners/) - Transaction Enables Industry-Leading Manufacturer and Supplier of Machine Tool Accessories to Extend 78-Year Legacy NEW YORK –September 16, 2024 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced that it has successfully advised Curran Manufacturing Corporation d/b/a Royal Products (“Royal” or the “Company”), a premier - [With banks applying more scrutiny to borrowers, alternative lenders play a bigger role in the middle market](https://www.thecmagroup.com/2023/06/13/with-banks-applying-more-scrutiny-to-borrowers-alternative-lenders-play-a-bigger-role-in-the-middle-market/) - A new survey of the middle marketing lending environment sponsored by CMA highlights the changing nature of the relationships between banks and middle market borrowers. - [Pandemic Recovery Presents Challenges and Opportunities for Alternative Lenders](https://www.thecmagroup.com/2022/03/07/pandemic-recovery-presents-challenges-and-opportunities-for-alternative-lenders/) - As we continue to emerge from the pandemic, albeit in fits and starts, several new studies have shown that though middle market companies have demonstrated some resilience in riding out the unprecedented economic challenges of the last few years, many are continuing to struggle to navigate the economic impacts and disruptions of COVID-19. Research from the World Bank Group and - [It’s a Great Time to Break Into Restructuring: Here are the Skills You’ll Need](https://www.thecmagroup.com/2022/12/12/its-a-great-time-to-break-into-restructuring-here-are-the-skills-youll-need/) - Do you enjoy solving complex puzzles, learning about diverse businesses, helping turn companies around and improving peoples’ lives? If so, you may have the combination of skills and curiosity necessary to be a restructuring specialist. Based on decades of working with companies needing assistance, there are essential skills that will help you lead to outstanding - [Alternative Investors Penetrate the Middle Market](https://www.thecmagroup.com/2023/04/04/alternative-investors-penetrate-the-middle-market/) - With the first quarter of 2023 drawing to a close, and interest rates and inflation continuing to pose challenges for middle market businesses working their way back from the pandemic, now’s the time to look back at the dynamic shifts we have seen in the debt capital markets. Many retail lenders, looking to choppy seas - [Why M&A Isn’t About the Numbers](https://www.thecmagroup.com/2022/09/06/why-ma-isnt-about-the-numbers/) - Chris Parisi discusses the ins and outs of the mergers and acquisitions market with Patrick Stroth, host of the M&A Masters Podcast. The discussion focuses on the changing industry dynamics and how CMA collaborates with clients to maximize mid-market business outcomes. As the past few years have shown, M&A is never just about chasing numbers; rather, it - [Chris Parisi on ABF Journal Podcast](https://www.thecmagroup.com/2021/06/30/chris-parisi-on-abf-journal-podcast/) - Will 2021 Be the Year of the Add-On Acquisition? “In the 38th episode of the ABF Journal Podcast, Chris Parisi, managing director of CMA, discussed some of the trends in the M&A market during the first quarter and the catalysts for the rest of the year, including dry powder in private equity, better credit conditions - [2024 Outlook Roundtable: CMA Senior Leaders Look to the Year Ahead](https://www.thecmagroup.com/2024/01/15/2024-outlook-roundtable-carl-marks-advisors-senior-leaders-look-to-the-year-ahead/) - As 2023 came to a close, CMA assembled a roundtable of senior leaders – Managing Partners Keith Daniels, Evan Tomaskovic and Brian Williams – to look ahead to 2024 and give us their predictions of trends to watch. The wide-ranging conversation covered the state of middle market businesses, the continued evolution of the lending environment, - [Increasing Number of Middle Market Companies Turning to Alternative Financing](https://www.thecmagroup.com/2023/10/27/increasing-number-of-middle-market-companies-turning-to-alternative-financing/) - According to a CMA survey of business leaders, banking professionals, alternative lenders and business advisors, an increasing number of middle market companies are turning to alternative financing to address the issues facing their businesses amidst continued economic uncertainty.Robert Lau, Partner at CMA, recently sat down with ABF Journal to discuss this shift and the dynamics - [Trade Tensions, Tariffs and the U.S. Steel Industry](https://www.thecmagroup.com/2022/10/10/trade-tensions-tariffs-and-the-u-s-steel-industry/) - Q: What are the biggest challenges the steel industry is currently facing? A: The leading two I would cite are decarbonization and fair trade. Both of which impact global pricing, investment and capacity utilization which is critical for any mill. We are coming out of a period of significant price increases, which are now levelling - [US Oilfield Services Sector – Five Questions with Brian Williams](https://www.thecmagroup.com/2023/08/10/five-questions-with-brian-williams/) - Q: What impact have OPEC production cuts had on the US oilfield services sector?A: In June, OPEC extended its recent production cuts through 2024, signaling continued commitment to support oil prices in the face of a weaker global macroeconomic outlook. From a US oilfield services perspective, the cuts have helped reverse oil price declines but - [The Benefits of Selling to a Private Equity Firm](https://www.thecmagroup.com/2020/05/29/the-benefits-of-selling-to-a-private-equity-firm/) - The Situation Bob Smith is the owner and CEO of a successful family business and his children have decided to pursue other career paths and will not be joining him in the business Bob enjoys his work and sees excellent growth opportunities, but most of his net worth is tied up in the business - [Carl Marks Securities Guides Gulf Coast Scientific Through Sale to SSI Diagnostica](https://www.thecmagroup.com/2025/04/29/carl-marks-securities-guides-gulf-coast-scientific-through-sale-to-ssi-diagnostica/) - New York – April 29, 2025 – Carl Marks Securities, an affiliate of middle market investment bank CMA, announced that it has successfully advised Gulf Coast Scientific (“Gulf Coast” or the “Company”), an industry-leading developer, manufacturer, and distributor of cost effective, non-invasive diagnostic medical tests, on its sale to SSI Diagnostica Group (“SSID”), a global - [Peter Keogh on Debtwired!](https://www.thecmagroup.com/2021/12/01/peter-keogh-on-debtwired/) - Talking supply chain and commodity disruption with Carl Marks Advisors MD Peter Keogh “On the latest episode of Debtwire North America’s Debtwired!! series, Deputy Editor Reshmi Basu speaks to Peter Keogh, managing director at Carl Marks Advisors. Headlines of rising commodity prices and empty shelves has been dominated the press of late. On this - [Chris Parisi on Private Equity Fast Pitch Podcast](https://www.thecmagroup.com/2021/11/11/chris-parisi-on-private-equity-fast-pitch-podcast/) - Carl Marks Advisors Managing Director Chris Parisi spoke with Private Equity Fast Pitch podcast host Jeff Henningsen to discuss the environment for middle market mergers and acquisitions, financing, and recapitalization. The conversation included a discussion of maximizing value for clients and insights on carrying transactions through to a successful close. - [Oil Field Services Companies Survived the Pandemic. Now What?](https://www.thecmagroup.com/2022/11/21/oil-field-services-companies-survived-the-pandemic-now-what/) - Over the course of the pandemic, the U.S. oil field services industry experienced an existential threat as E&P companies dramatically cut spending in response to the COVID-19 shutdown and reduction in demand for oil and natural gas. Every dollar of revenue an OFS company makes comes from an E&P company and in 2020 US E&P - [How Specialty Manufacturers Are Staying Competitive With AI](https://www.thecmagroup.com/2025/07/18/how-specialty-manufacturers-are-staying-competitive-with-ai/) - This third article in our series examines how these technologies are actively reshaping the specialty manufacturing landscape today. - [Carl Marks Advisors Adds Two Executives to Growing M&A Team](https://www.thecmagroup.com/2020/02/04/carl-marks-advisors-adds-two-executives-to-growing-ma-team/) - New York, February 4, 2020 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced further expansion of its mergers & acquisitions group with the appointment of Christopher Parisi as Managing Director and Michael Gordon as Vice President. Christopher Parisi brings more than 20 years - [DeSHAZO Acquires Integrated Machinery Solutions](https://www.thecmagroup.com/2022/03/07/deshazo-acquires-integrated-machinery-solutions/) - [vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”20″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]Strategic Addition Expands DeSHAZO’s Manufacturing & Service Capabilities in the US Bessemer, AL – February 28, 2022. DeSHAZO (www.deshazo.com), an - [Carl Marks Securities Announces Appointment of Chief Compliance Officer](https://www.thecmagroup.com/2024/03/19/carl-marks-securities-announces-appointment-of-chief-compliance-officer/) - NEW YORK – March 19, 2024 – Carl Marks Securities, the broker-dealer affiliate of Carl Marks Advisors, a leading investment bank offering financial and operational advisory services to middle-market companies, announced today the appointment of Jon Roberts as Chief Compliance Officer. Roberts will lead CMS's compliance arm as it evolves to meet increasing regulatory expectations. - [Carl Marks Securities Successfully Advises Kewaunee Scientific Corporation on $55 Million Acquisition of Nu Aire](https://www.thecmagroup.com/2024/11/05/carl-marks-securities-successfully-advises-kewaunee-scientific-corporation-on-55-million-acquisition-of-nu-aire/) - Complementary Acquisition Expands Kewaunee’s Product Offerings and Market Reach NEW YORK – November 1, 2024 – Carl Marks Securities, an affiliate of middle market investment bank Carl Marks Advisors, today announced that it has successfully advised Kewaunee Scientific Corporation ("Kewaunee"), a global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products, - [Carl Marks Advisors Announces Two Promotions in Restructuring Practice](https://www.thecmagroup.com/2025/02/24/carl-marks-advisors-announces-two-promotions-in-restructuring-practice/) - Firm Promotes Matthew Dowell to Director and David Mintz to Vice President NEW YORK, New York – February 14, 2025 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced today the promotions of Matthew Dowell to Director and David Mintz to Vice President. “Matthew and - [Carl Marks Securities Wins M&A Advisor Award for Utilities Deal of the Year](https://www.thecmagroup.com/2024/12/12/carl-marks-securities-wins-ma-advisor-award-for-utilities-deal-of-the-year/) - Firm recognized for $190 million recapitalization of JDC Power Systems NEW YORK – December 12, 2024 – Carl Marks Securities, an affiliate of middle market investment bank Carl Marks Advisors, today announced its receipt of Utilities Deal of the Year at the 23rd Annual M&A Advisor Awards, hosted by the M&A Advisor during the 2024 - [Carl Marks Advisors’ Jeanine Krattiger Appointed to 2025 Turnaround Management Association Executive Board](https://www.thecmagroup.com/2024/12/01/carl-marks-advisors-jeanine-krattiger-appointed-to-2025-turnaround-management-association-executive-board/) - Krattiger to serve as Vice President of Conferences NEW YORK – December 2, 2024 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that Jeanine Krattiger, a Managing Director at the firm, has been named to the Executive Board of the Turnaround Management Association(TMA), - [Carl Marks Advisors Continues to Expand Team, Strengthen M&A Efforts](https://www.thecmagroup.com/2024/09/05/carl-marks-advisors-continues-to-expand-team-strengthen-ma-efforts/) - Firm Announces Addition of Jeffrey Pielusko, Promotes Aadil Khan to Vice President NEW YORK, New York – September 5, 2024 – Carl Marks Advisors, a leading investment bank offering financial and operational advisory services to middle-market companies, today announced that Jeffrey Pielusko has rejoined the firm as Managing Director, focusing on operational and financial restructurings. - [New Challenges for Healthcare Providers](https://www.thecmagroup.com/2022/07/15/new-challenges-for-healthcare-providers/) - [vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”none” equal_height=”yes” content_placement=”middle” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#696a6d” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”padding-5-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”left” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” el_class=”photo-bg” enable_gradient=”true” color_overlay=”#696a6d” color_overlay_2=”#bababa” gradient_direction=”left_to_right” overlay_strength=”1″ width=”1/2″ tablet_width_inherit=”small_desktop” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-7″][vc_custom_heading text=”Five Questions with Jonathan Killion” font_container=”tag:h3|text_align:left|color:%23ffffff” use_theme_fonts=”yes”][vc_custom_heading text=”Managing Director, Carl Marks Advisors” - [Carl Marks Securities Advises on Successful $190 Million Recapitalization of JDC Power Systems with Madison River Capital](https://www.thecmagroup.com/2024/07/10/carl-marks-securities-advises-on-successful-190-million-recapitalization-of-jdc-power-systems-with-madison-river-capital/) - Transaction Positions Leading Provider of Power Systems to the Data Center Market for Continued Growth NEW YORK – July 10, 2024 – Carl Marks Securities, an affiliate of middle market investment bank Carl Marks Advisors, today announced that it has successfully guided JDC Power Systems (“JDC” or “the Company”), an industry-leading provider of mission critical - [Keith Daniels and Jonathan Killion of Carl Marks Advisors Named to Top 100 Restructuring Professionals List](https://www.thecmagroup.com/2022/09/16/keith-daniels-and-jonathan-killion-of-carl-marks-advisors-named-to-top-100-restructuring-professionals-list/) - NEW YORK – September 16, 2022 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced today that Keith Daniels, Partner, and Jonathan Killion, Managing Director, have been named to Global M&A Network’s 9th annual list of Top 100 Restructuring Professionals. The list honors highly respected - [Carl Marks Awarded Multiple Global M&A Atlas Awards; Director Michael Gordon Recognized as Rising Star](https://www.thecmagroup.com/2024/02/27/carl-marks-awarded-multiple-global-ma-atlas-awards-director-michael-gordon-recognized-as-rising-star/) - NEW YORK – February 27, 2024 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has been awarded Distressed Deal of the Year at the 15th Annual Americas M&A Atlas Awards, hosted by Global M&A Network, LLC. In addition, Carl Marks Securities LLC won Metals Deal - [Carl Marks Advisors Announces Strategic Leadership Team Expansion, Promotes Jonathan Killion to Partner](https://www.thecmagroup.com/2024/02/21/carl-marks-advisors-announces-strategic-leadership-team-expansion-promotes-jonathan-killion-to-partner/) - NEW YORK – February 21, 2024 – Carl Marks Advisors, a leading investment bank offering financial and operational advisory services to middle-market companies, today announced the promotion of Jonathan Killion to Partner. "Jonathan has been a critical member of our team, and his contributions have enabled us to build on our reputation as a trusted - [Retailers Optimistic About 2024 with Plans to Evolve Supply Chain and Invest in AI According to Carl Marks Advisors Survey of Middle Market Companies](https://www.thecmagroup.com/2024/01/15/retailers-optimistic-about-2024-with-plans-to-evolve-supply-chain-and-invest-in-ai-according-to-carl-marks-advisors-survey-of-middle-market-companies/) - NEW YORK – January 15, 2024 – Executives and C-suite professionals at mid-market retail and consumer packaged goods (CPG) companies are nearly universally optimistic about 2024, with few anticipating a recession. According to a new survey sponsored by Carl Marks Advisors, a leading investment bank, almost 90% of survey respondents expect their sales to remain - [Companies Turning to Alternative Financing Sources as Banks Apply Increased Pressure, According to Carl Marks Advisors Survey](https://www.thecmagroup.com/2023/06/14/companies-turning-to-alternative-financing-sources-as-banks-apply-increased-pressure-according-to-carl-marks-advisors-survey/) - NEW YORK – June 14, 2023 – Traditional bank lenders are applying more pressure to borrowers and now showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors, a leading investment bank. The survey found that rising inflation, - [Carl Marks Advisors Wins M&A Advisor Award for Professional Services Deal of the Year](https://www.thecmagroup.com/2023/12/06/carl-marks-advisors-wins-ma-advisor-award-for-professional-services-deal-of-the-year/) - Firm recognized for integration of design firms Page and EYP NEW YORK – December 6, 2023 – Carl Marks Advisors, a leading investment bank offering financial and operational advisory services to middle-market companies, announces its receipt of the Professional Services Deal Of The Year award for the mid-market category at the 22nd Annual M&A Advisor - [Carl Marks Advisors’ Jeanine Krattiger Appointed to Turnaround Management Association Board of Trustees](https://www.thecmagroup.com/2023/10/26/carl-marks-advisors-jeanine-krattiger-appointed-to-turnaround-management-association-board-of-trustees/) - NEW YORK – October 26, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that Jeanine Krattiger, a Managing Director at the firm, has been named to the Board of Trustees of the Turnaround Management Association (TMA), the premier nonprofit serving corporate renewal - [Carl Marks Advisors Continues to Strengthen Restructuring Team, Expand M&A Efforts](https://www.thecmagroup.com/2023/08/23/carl-marks-advisors-continues-to-strengthen-restructuring-team-expand-ma-efforts/) - Firm Promotes Stephen Funnell to Vice President, Announces Addition of Matthew Dowell New York, New York – August 23, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that Stephen Funnell has been promoted to Vice President, while Matthew Dowell has joined the - [Carl Marks Advisors Facilitates Successful Refinancing for Florida Marine Transporters](https://www.thecmagroup.com/2023/03/30/carl-marks-advisors-facilitates-successful-refinancing-for-florida-marine-transporters/) - New York – March 30, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it has successfully facilitated a refinancing for Florida Marine Transporters LLC Holdings (“Florida Marine” or the “Company”) with a unit of TCW Asset Management Company LLC (“TCW”). Founded - [Carl Marks Securities Guides Roane Metals Group Through Sale to Commercial Metals Company](https://www.thecmagroup.com/2023/03/07/carl-marks-securities-guides-roane-metals-group-through-sale-to-commercial-metals-company/) - New York – March 7, 2023 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it advised Roane Metals Group (“Roane Metals” or the “Company”), a scrap metal recycling facility, on the sale of the business to Commercial Metals Company (NYSE: CMC). Financial - [Carl Marks Advisors Appoints Lau and Parisi to Partner](https://www.thecmagroup.com/2022/05/09/carl-marks-advisors-appoints-lau-and-parisi-to-partner/) - [vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]NEW YORK – May 6, 2022 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle - [Carl Marks Advisors Announces Three Senior Team Member Promotions](https://www.thecmagroup.com/2023/01/31/carl-marks-advisors-announces-three-senior-team-member-promotions/) - [vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]NEW YORK – January 31, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle - [Carl Marks Securities Advises on Sale of Cornerstone Treatment Facilities Network to Aurora Health](https://www.thecmagroup.com/2022/12/19/carl-marks-securities-advises-on-sale-of-cornerstone-treatment-facilities-network-to-aurora-health/) - [vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]Sale benefits employee-owners across two New York locations NEW YORK – December 19, 2022 – Carl Marks Securities LLC, an affiliate of - [Carl Marks Advisors Wins Multiple Global M&A Awards; Two Executives Receive Top Recognition](https://www.thecmagroup.com/2023/02/14/carl-marks-advisors-wins-multiple-global-ma-awards-two-executives-receive-top-recognition/) - NEW YORK – February 14, 2023 – Global M&A Network, LLC presented the 14th Annual Americas M&A Atlas Awards at a gala held this year in New York City on January 19. Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies was awarded Distressed Deal of the - [Carl Marks Advisors Guides Mount Vernon Mills Throughout the Pandemic as the Company Emerges with a New $58.1 Million Credit Facility](https://www.thecmagroup.com/2021/08/03/carl-marks-advisors-guides-mount-vernon-mills-throughout-the-pandemic-as-the-company-emerges-with-a-new-58-1-million-credit-facility/) - NEW YORK, August 3, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it had advised Mount Vernon Mills, Inc. (“the Company”) throughout the difficult business environment created by the COVID-19 pandemic. During its engagement with the Company, Carl Marks Advisors primarily - [Carl Marks Securities Advises Life Sciences Consultancy Hawkins Point on Sale to Verista](https://www.thecmagroup.com/2021/02/10/carl-marks-securities-advises-life-sciences-consultancy-hawkins-point-on-sale-to-verista/) - First Sale to be Conducted Completely Virtually by Carl Marks Securities New York and Boston, February 10, 2021 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors, served as financial advisor to Hawkins Point in the sale of the leading life sciences consultancy to Verista, a transformative compliance and automation solutions organization for the life sciences industry. Financial - [A Year of Growth at Carl Marks Advisors](https://www.thecmagroup.com/2020/12/17/a-year-of-growth-at-carl-marks-advisors/) - 2020 has been a year of challenges and disruptions for so many; however, we’re proud to have continued to grow our firm this year, adding several new members to our M&A team and to our advisory practice. We’ve also promoted from within, recognizing the talents and accomplishments of our staff. Get to know the newest - [American Addiction Centers Completes Financial Restructuring; Emerges with New Capital Structure and Positioned for Long-Term Growth](https://www.thecmagroup.com/2020/12/14/american-addiction-centers-completes-financial-restructuring-emerges-with-new-capital-structure-and-positioned-for-long-term-growth/) - BRENTWOOD, Tenn., Dec. 14, 2020 (GLOBE NEWSWIRE) -- American Addiction Centers (AAC) announced today that it has successfully completed a financial restructuring process and emerged as a stronger company with limited debt, a robust balance sheet, and plans for long-term growth. Having reduced debt by approximately $[500] million, AAC emerges with a capital structure that - [Inside Bar Louie’s Emergence from Bankruptcy and $82.5M Sale](https://www.thecmagroup.com/2020/10/30/inside-bar-louies-emergence-from-bankruptcy-and-82-5m-sale/) - The gastropub has closed 60 locations since January. October 2020 Danny Klein Howard Meitiner, managing director at Carl Marks Advisors, was in the midst of a lively meeting with Bar Louie’s management. He asked them to leave the room and brainstorm how many restaurants they could envision closing. Afterward, the parties would compare lists. But - [Carl Marks Advisors Earns Three Turnaround Atlas Awards](https://www.thecmagroup.com/2021/07/14/carl-marks-advisors-earns-three-turnaround-atlas-awards/) - NEW YORK – July 14, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced today that they have been recognized with three 2021 Turnaround Atlas Awards. The awards, which are given out each year by the Global M&A Network to honor significant achievements in - [Avadim Health Exits Chapter 11 Following Successful Asset Sale](https://www.thecmagroup.com/2021/08/17/avadim-health-exits-chapter-11-following-successful-asset-sale/) - - Avadim Health sells assets to a newly-created company owned by funds advised by Hayfin Capital Management - Transaction secures future of the business - Operations were unaffected during the Chapter 11 process and will continue under new management ASHEVILLE, N.C., Aug. 17, 2021 /PRNewswire/ -- Avadim Health, Inc., a healthcare and wellness provider, today - [Carl Marks Advisors Recognized in Three Categories at The M&A Advisor Turnaround Awards](https://www.thecmagroup.com/2021/09/30/carl-marks-advisors-recognized-in-three-categories-at-the-ma-advisor-turnaround-awards/) - NEW YORK – September 30, 2021 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it has been recognized with three awards at The M&A Advisor’s 15th Annual Turnaround Awards, one of the restructuring and distressed investing industry’s benchmarks for excellence. Carl Marks - [Carl Marks Advisors Welcomes Back Benjiman Godbout](https://www.thecmagroup.com/2020/07/21/carl-marks-advisors-welcomes-back-benjiman-godbout/) - New York, July 21 2020 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle-market companies, today announced that Benjiman B. Godbout has rejoined the firm as a Director to focus on investment banking and distressed transactions. Godbout previously worked at Carl Marks Advisors from 2015 to 2018 providing - [AAC Holdings Gains Support From Lenders, Proceeds With Recapitalization Plan to Support Patient Care & Long-Term Growth](https://www.thecmagroup.com/2020/06/20/aac-holdings-gains-support-from-lenders-proceeds-with-recapitalization-plan-to-support-patient-care-long-term-growth/) - June 20, 2020 20:00 ET | Source: American Addiction Centers, Inc. With Treatment Operations Unaffected, AAC Will Continue Providing High-Quality Patient Care Company Recapitalizes with Initial $62.5M in Incremental Financing & Lower Debt Cost to Better Position the Company and Its Treatment Facilities for Long-Term Growth AAC & Its Treatment Facilities Positioned for Long-Term Growth - [Visionary Leadership in Healthcare: Leveraging Board Expertise](https://www.thecmagroup.com/2020/02/20/visionary-leadership-in-healthcare-leveraging-board-expertise/) - By Mark Claster, Partner, Carl Marks Advisors The waves of change that are rolling onto the shores in healthcare are both constant and unpredictable. When coupled with the magnifying glass put over the industry – because it so greatly impacts every individual -- the work of healthcare businesses and their leadership is constantly on stage. - [Carl Marks Securities Advises PowerTown Line Construction on Sale](https://www.thecmagroup.com/2019/02/04/carl-marks-securities-advises-powertown-line-construction-on-sale/) - New York, February 4, 2019 – Carl Marks Securities LLC, a mid-market investment bank focused on family and entrepreneurial businesses, announced today that it served as the financial advisor to PowerTown Line Construction, LLC. in its sale to Entregado Group Inc., a portfolio company of AEA Investors. PowerTown is a growing, profitable entrepreneur driven company - [Carl Marks Advisors Counsels People Care on Strategic Alternatives](https://www.thecmagroup.com/2019/05/22/carl-marks-advisors-counsels-people-care-on-strategic-alternatives/) - New York, May 22, 2019 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced today that it served as the strategic advisor to home healthcare company People Care in its review of options leading to its recent sale. “The healthcare landscape is undergoing radical change,” - [Carl Marks Advisors Promotes Jeanine Krattiger to Managing Director](https://www.thecmagroup.com/2019/05/02/carl-marks-advisors-promotes-jeanine-krattiger-to-managing-director/) - New York, May 2, 2019 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced the promotion of Jeanine Krattiger to Managing Director. As Managing Director, Krattiger leads the firm’s strategic marketing and business development initiatives including events, brand awareness, content marketing, and digital and ## Pages - [Homepage](https://www.thecmagroup.com/) - Senior-led investment banking, turnaround management, and restructuring services for middle-market transactions and transformations. - [Our Impact](https://www.thecmagroup.com/about-cma/our-impact/) - We’ve earned our reputation by setting a standard others are still measured against. - [Investment Banking Team](https://www.thecmagroup.com/investment-banking/team/) - Guided by integrity and an owner’s mindset, our senior restructuring advisors deliver clarity and results in the most challenging situations. - [Success](https://www.thecmagroup.com/success/) - Integrated Advisory Firm See Around the Corners That Others Miss Critical financial decisions require multiple stakeholders to act under compressed timelines, often before all the information is available. As former owners, operators, and investors, our senior advisors anticipate where value is heading and get ahead of the issues that complicate transactions and restructurings. We improve the - [Financial & Operational Advisory](https://www.thecmagroup.com/turnaround-restructuring/services/financial-operational-advisory/) - Engaged to uncover root causes and restore financial discipline and operational control. - [Restructuring](https://www.thecmagroup.com/restructuring/) - Selling a family-owned or closely held business is one of the most important financial and personal decisions you’ll ever make. With CMA’s decades of experience and Wall Street rigor behind you, we help you secure the most favorable terms that reflect the true value of what you’ve built. - [Turnaround & Restructuring Experience](https://www.thecmagroup.com/turnaround-restructuring/experience/) - Our case studies reveal how our creative solutions, refined client by client, generate enterprise value. - [Investment Banking Experience](https://www.thecmagroup.com/investment-banking/experience/) - Our case studies reveal how our creative solutions, refined client by client, generate enterprise value. - [Investment Banking Industries](https://www.thecmagroup.com/investment-banking/industries/) - Our industry acumen runs deep, earned through decades of direct involvement across multiple downturns and market cycles. - [Turnaround & Restructuring Industries](https://www.thecmagroup.com/turnaround-restructuring/industries/) - Our industry acumen runs deep, through decades of direct involvement across downturns and market cycles. - [Our Team](https://www.thecmagroup.com/our-team/) - Experienced advisory professionals with real-world tenure across ownership, operations, and finance, bringing senior-level judgment to every engagement. - [Turnaround & Restructuring Team](https://www.thecmagroup.com/turnaround-restructuring/team/) - Guided by integrity and an owner’s mindset, our senior restructuring advisors deliver clarity and results in the most challenging situations. - [Careers](https://www.thecmagroup.com/about-cma/careers/) - CMA offers a unique opportunity for you to broaden your experience across a variety of industries and to gain both transactional and operational proficiency. - [M&A](https://www.thecmagroup.com/mergers-acquisitions/) - Selling your business? Our mergers and acquisitions team helps you find and close the right deal—protecting what you’ve built and your peace of mind. - [Turnaround & Restructuring Services](https://www.thecmagroup.com/turnaround-restructuring/services/) - Our restructuring services are designed to stabilize businesses under stress and guide stakeholders through critical decision points. - [Creditor Support](https://www.thecmagroup.com/turnaround-restructuring/services/creditor-support/) - Recoveries are maximized through disciplined liquidity analysis, creditor negotiations, and restructuring execution. - [Turnaround & Restructuring](https://www.thecmagroup.com/turnaround-restructuring/) - Senior-led restructuring team providing turnaround management, creditor support, financial & operational advisory, & strategic & transaction advisory. - [Privacy Policy](https://www.thecmagroup.com/privacy-policy/) - We are proud of our privacy practices and want our current and prospective customers to understand what information we collect and how we use it. - [Strategic Outlooks](https://www.thecmagroup.com/strategic-outlooks/) - Middle-market outlooks with practical takeaways for owners, lenders, & boards. - [Business Continuity Plan](https://www.thecmagroup.com/business-continuity-plan/) - Carl Marks Securities LLC has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you - [Healthcare](https://www.thecmagroup.com/turnaround-restructuring/industries/healthcare/) - As labor and supply costs outpace reimbursement, margins are tightening, forcing healthcare providers to rework care delivery models. - [Investment Banking](https://www.thecmagroup.com/investment-banking/) - Informed by decades of middle-market transactions, our mergers and acquisitions team specializes in family-owned and closely held businesses. - [Investment Banking Services](https://www.thecmagroup.com/investment-banking/services/) - Informed by decades of middle-market transactions, our investment banking team specializes in M&A, debt & equity capital advisory, & acquisition financing. - [About CMA](https://www.thecmagroup.com/about-cma/) - A New York-based integrated advisory firm with cross-sector experience, serving middle-market companies through high-stakes financial & operational challenges. - [Energy Services](https://www.thecmagroup.com/turnaround-restructuring/industries/energy-services/) - Volatile inputs and rising capital strain push energy operators to recalibrate field-to-pipeline strategies for cash flow control. - [Turnaround & Restructuring Outlooks](https://www.thecmagroup.com/turnaround-restructuring/outlooks/) - We understand the middle market because we’ve navigated every turn. - [Investment Banking Outlooks](https://www.thecmagroup.com/investment-banking/outlooks/) - We’ve honed our read on value and timing one deal at a time. - [Food & Beverage](https://www.thecmagroup.com/turnaround-restructuring/industries/food-and-beverage/) - Evolving consumer preferences are accelerating the shift toward direct-to-consumer delivery systems. - [Transportation & Logistics](https://www.thecmagroup.com/turnaround-restructuring/industries/transportation-and-logistics/) - Cycle delays and fragmented demand force freight operators to revamp distribution for control and responsiveness. - [Consumer & Retail Products](https://www.thecmagroup.com/turnaround-restructuring/industries/consumer-and-retail-products/) - Brands competing in omnichannel markets are moving fast, tightening supply chains, and cutting time to shelf. - [Restaurant](https://www.thecmagroup.com/turnaround-restructuring/industries/restaurant/) - Labor and food inflation are reshaping the industry, with restaurant operators leaning into delivery and automation. - [Manufacturing & Industrials](https://www.thecmagroup.com/turnaround-restructuring/industries/manufacturing-and-industrials/) - Tighter production timelines and fragmented supply chains are driving digital reinvestment in maintenance and control systems. - [Business Services](https://www.thecmagroup.com/turnaround-restructuring/industries/business-services/) - Professional service firms are recalibrating operations for sustained profitability amid price pressures and shifts in labor and tech. - [Turnaround Management](https://www.thecmagroup.com/turnaround-restructuring/services/turnaround-management/) - Acting as CEO, CFO, or CRO, we provide hands-on interim management to steady operations, rebuild credibility, and position the business for renewed growth. - [Strategic & Transaction Advisory](https://www.thecmagroup.com/turnaround-restructuring/services/strategic-transaction-advisory/) - As pressure builds and capital structures tighten, outcomes are determined by decisive execution and clear judgment. - [Our Story & Value](https://www.thecmagroup.com/about-cma/our-story/) - Carl Marks established its reputation as the first U.S. market-maker for foreign securities, and CMA has carried that legacy forward. - [Consumer Products](https://www.thecmagroup.com/investment-banking/industries/consumer-products/) - Consumer products companies create the foods, beverages, and everyday goods that define how we live and work. From specialty and packaged foods to pet care, frozen products, and private label manufacturing, this sector is dynamic, competitive, and constantly evolving with consumer tastes. - [Business Services](https://www.thecmagroup.com/investment-banking/industries/business-services/) - Business services are the backbone of the economy, keeping industries running smoothly and efficiently. From distribution and facility services to environmental solutions and IT support, these companies deliver essential capabilities that customers depend on every day. - [Industrial Technology & Manufacturing](https://www.thecmagroup.com/investment-banking/industries/industrial-technology-manufacturing/) - Industrial technology businesses face constant pressure—from global competition and rising costs to the demands of trade policy and automation. Whether in components, machining, or advanced systems, these companies power critical industries and drive competitiveness. - [Mergers & Acquisitions](https://www.thecmagroup.com/investment-banking/services/mergers-acquisitions/) - Selling your business is a defining moment, both financially and personally. - [Debt & Equity Capital Advisory](https://www.thecmagroup.com/investment-banking/services/debt-equity-capital-advisory/) - Capital raises test the limits of a company’s balance sheet. We work with owners to shape a structure suited to the planned transaction. - [Acquisition Financing](https://www.thecmagroup.com/investment-banking/services/acquisition-financing/) - To make a credible bid, a buyer must show that the financing can support the terms under consideration. We size the capital need, establish an appropriate structure, and prepare materials for underwriting. - [Operational Advisory](https://www.thecmagroup.com/turnaround-restructuring/services/operational/) - Our team of seasoned professionals with real world experience in corporate management and operations will quickly get to the core issues, provide guidance, and implement effective solutions. - [Contact Us](https://www.thecmagroup.com/contact-us/) - Excerpts are optional hand-crafted summaries of your content that can be used in your theme. Learn more about manual excerpts. ## Landing Pages - [Elementor Landing Page #8171](https://www.thecmagroup.com/elementor-landing-page-8171/) - Elementor Landing Page #8171 ## Careers - [Investment Banking Director](https://www.thecmagroup.com/careers/investment-banking-director/) - [Vice President - Director 01.2026](https://www.thecmagroup.com/careers/vice-president-director-01-2026/) ## Testimonials - [Tom Sheridan, CEO of Royal](https://www.thecmagroup.com/testimonials/tom-sheridan-ceo-of-royal/) - We couldn’t have asked for a better advisor and partner than we had with the [CMA] team. They understood what was important to our founder and to the management team and guided us every step of the way through dozens of interested buyers to a tremendous result. - [Bill Duncan, CEO of Mount Vernon Mills](https://www.thecmagroup.com/testimonials/bill-duncan-ceo-of-mount-vernon-mills/) - We are grateful to the CMA team for their support and thoughtful guidance. The past 14 months were filled with challenges, and they helped us navigate our way through to the right solutions. We are looking forward to our next chapter of growth and to many more years as one of the country’s longest continually-operating - [Evan Tomaskovic, Managing Partner](https://www.thecmagroup.com/testimonials/evan-tomaskovic-managing-partner/) - For decades, CMA has proven that principles matter. We’ve earned trust by being honest, staying hands-on, and fighting for our clients at every turn. These aren’t just words—they’re the way we show up every day. That commitment is what makes us a partner people can count on, no matter the environment or the challenges ahead. - [Jeanine Krattiger, Managing Director](https://www.thecmagroup.com/testimonials/jeanine-krattiger-managing-director/) - While the world around us continues to shift, our values remain constant. We lead with accountability, empathy, and a deep respect for the people behind every business. It’s our legacy — this balance, honoring where we have come from while adapting to what’s next, that keeps us relevant, grounded, and proud to be part of - [Jonathan Killion, Partner](https://www.thecmagroup.com/testimonials/jonathan-killion-partner/) - Restructuring is more than financial work — it’s a responsibility to guide companies, their people, and their financial partners through uncertainty toward a better place. Our team takes pride in solving complex problems with creativity, urgency, and focus. - [Thomas D. Hull III, President and CEO of Kewaunee Scientific](https://www.thecmagroup.com/testimonials/thomas-d-hull-iii-president-and-ceo-of-kewaunee-scientific/) - We are extremely appreciative of CMA's leadership and guidance throughout the transaction process. Their team played an important role in formalizing our preexisting partnership with Nu Aire, providing us with insights we might not have considered and effective ways to align our businesses to meet the diverse needs of end-users. - [Tom Fricke, CEO of Bar Louie](https://www.thecmagroup.com/testimonials/test-testimonial/) - The team from CMA provided support and thoughtful guidance before, during, and after the bankruptcy process, and played an important role in keeping the various constituents aligned around our goals. Their experience with restructuring and the restaurant sector was invaluable, especially as we managed through the COVID-19 pandemic as well as the Chapter 11 process. - [Christopher Parisi, Partner](https://www.thecmagroup.com/testimonials/christopher-parisi-partner/) - Selling a business is like playing a championship game. Years of preparation culminate in one defining moment where you leave it all on the field. We help owners make every play count, balancing the numbers with the people behind them to protect their legacy and capture the value of a lifetime’s work. - [Keith Daniels, Managing Partner](https://www.thecmagroup.com/testimonials/keith-daniels-managing-partner/) - The real strength of CMA is our people, professionals who understand the weight of every decision because they have made those decisions themselves. It’s a team grounded in accountability, shaped by experience, and driven by empathy for the leaders and companies we serve. - [James Gick, Founder of Pet Qwerks](https://www.thecmagroup.com/testimonials/james-gick-founder-of-pet-qwerks/) - I am grateful to CMA and to Chris Parisi for their strategic advice, diligence, and persistence in helping achieve the desired result for Pet Qwerks. We very much appreciate their hard work and partnership in finding the right buyer and effectively negotiating the sale during the pandemic. - [Tom Puzo, CEO of Cornerstone](https://www.thecmagroup.com/testimonials/tom-puzo-ceo-of-cornerstone/) - This successful sale transaction was a long time coming, but the CMA team never once left our side. They gave us their full attention and support when the sale process was disrupted by the pandemic, and then restarted, and kept the best interests of our employee owners in the ESOP at heart. Thanks to their - [Morris Kyer, CEO & Co-Founder of Hawkins Point](https://www.thecmagroup.com/testimonials/morris-kyer-ceo-co-founder-of-hawkins-point/) - CMA brought an intimate understanding of the needs of our founder-owned business as well as a true sense of partnership, which was even more important given the virtual nature of the transaction. We are so grateful to Chris and his team for their extraordinary guidance during this process, and for helping us find a great ## Team Members - [Michael Finer, CPA](https://www.thecmagroup.com/team-members/michael-finer/) - Michael Finer has over six years of financial services experience in restructuring and public accounting, with a focus on financial analysis, financial modeling, and advisory support for both lender- and debtor-side engagements. - [Brian Kranzler](https://www.thecmagroup.com/team-members/brian-kranzler/) - Brian works diligently with company owners and management teams on mergers and acquisitions across various industries. - [Brian Williams](https://www.thecmagroup.com/team-members/brian-williams/) - Brian has 30 years of experience in investment banking, strategic advisory, and operation - [Jeanine Krattiger](https://www.thecmagroup.com/team-members/jeanine-krattiger/) - Jeanine has more than 20 years of marketing and strategic public relations experience, specializing in developing and implementing firm-wide strategic marketing. - [Peter Keogh](https://www.thecmagroup.com/team-members/peter-keogh/) - Peter is an accomplished senior executive with over 30 years of successful leadership experience. He serves on the turnaround and restructuring team. - [Julian Sherr](https://www.thecmagroup.com/team-members/julian-sherr/) - Julian provides financial advisory services focused on corporate and operational restructuring, M&A, valuation, and strategic alternatives across a broad range of industries. - [Mel Henson](https://www.thecmagroup.com/team-members/mel-henson/) - Mel Henson has over 25 years of experience providing financial and operational advisory services for middle market companies. - [Jeffrey Pielusko](https://www.thecmagroup.com/team-members/jeffrey-pielusko/) - Jeff has over 15 years of experience helping companies address capital structure and operational issues. - [Nick Baro](https://www.thecmagroup.com/team-members/nick-baro/) - Nick is a restructuring advisor with more than five years of experience in financial services, specializing in financial and operational turnarounds and advising clients on business planning, interim management, and strategic alternatives in distressed and special situations. - [J. Jette Campbell](https://www.thecmagroup.com/team-members/j-jette-campbell/) - A CPA with more than 40 years of experience, Jette advises business owners and lenders through complex restructuring and crisis situations. - [Duff Meyercord](https://www.thecmagroup.com/team-members/duff-meyercord/) - With decades of experience, Duff Meyercord advises clients through complex transactions and transformations, bringing deep operational, financial, and restructuring expertise. - [Jonathan Killion](https://www.thecmagroup.com/team-members/jonathan-killion/) - Jonathan has over 15 years of experience specializing in liquidity management, profit improvement strategies, debt restructurings and M&A transactions. - [Joshua Noble, CFA](https://www.thecmagroup.com/team-members/joshua-noble/) - Josh brings more than ten years of experience advising underperforming companies on financial and operational restructuring, liquidity management, and corporate valuation. - [Keith Daniels](https://www.thecmagroup.com/team-members/keith-daniels/) - Keith advises companies and stakeholders across industries, combining operational leadership experience with transaction expertise. - [Marc Pfefferle](https://www.thecmagroup.com/team-members/marc-pfefferle/) - Marc Pfefferle serves as a Senior Advisor and interim executive to companies in transition, bringing more than 30 years of restructuring experience across over 200 engagements. - [Ben Godbout](https://www.thecmagroup.com/team-members/benjiman-b-godbout/) - As Managing Director and Head of Strategic & Transaction Advisory, Ben brings over fifteen years of experience advising clients on M&A, financial restructurings, and debt and equity capital raises. - [Mark Claster](https://www.thecmagroup.com/team-members/mark-claster/) - A Partner of CMA and Immediate Past President of Carl Marks & Co., Mark L. Claster brings more than 40 years of executive leadership and transactional experience. - [Noah Barr](https://www.thecmagroup.com/team-members/noah-barr/) - Noah works with company owners and management teams on M&A and complex restructuring and special situation engagements. - [Jon Roberts](https://www.thecmagroup.com/team-members/jon-roberts/) - Jon is Chief Compliance Officer of Carl Marks Securities, overseeing firm-wide compliance and supporting business administration, including contracts, legal documentation, engagement tracking, and independent contractor staffing. - [Derek Marble](https://www.thecmagroup.com/team-members/derek-marble/) - Derek Marble provides financial advisory services with a focus on corporate and operational restructuring, strategic alternatives, mergers and acquisitions, and valuation. - [Joel Soderling](https://www.thecmagroup.com/team-members/joel-soderling/) - Joel Soderling provides financial advisory services with a focus on corporate and operational restructuring, strategic alternatives, mergers and acquisitions, and valuation. - [Robert C. Lau III](https://www.thecmagroup.com/team-members/robert-c-lau-iii/) - With more than 30 years of financial markets experience, Bobby leads CMA’s nationwide business development and relationship strategy. - [Evan Tomaskovic](https://www.thecmagroup.com/team-members/evan-tomaskovic/) - As Managing Partner of CMA and Chief Executive Officer of Carl Marks Securities LLC, Evan brings more than 30 years of investment banking experience across mergers and acquisitions, financings, and complex situations. - [Stephen Funnell, CFA](https://www.thecmagroup.com/team-members/stephen-funnell/) - With a decade of experience, Stephen advises lenders, management teams, and private equity firms on financial analysis, valuation, and working capital management. - [Scott Pasquith](https://www.thecmagroup.com/team-members/scott-pasquith/) - Scott advises middle-market companies on liquidity management, operational improvement, and complex financial situations. - [Carl J. Landeck](https://www.thecmagroup.com/team-members/carl-j-landeck/) - Carl has more than 35 years of experience as a financial and operational advisor, specializing in acquisitions, divestitures, turnarounds, capital raises, interim executive roles. - [Lance Dowden](https://www.thecmagroup.com/team-members/lance-dowden/) - Lance has 25+ years of leadership experience in strategic sourcing, business performance, and end-to-end supply chain operations. - [Tyler C. Montague](https://www.thecmagroup.com/team-members/tyler-c-montague/) - Tyler brings senior operational, restructuring, and technology expertise to middle-market companies navigating complex change. - [David Mintz, CPA](https://www.thecmagroup.com/team-members/david-mintz-cpa/) - David brings a combination of investment banking and operational restructuring experience to advisory engagements across restructurings, M&A, and capital raises. - [Jaclyn R. Shifren](https://www.thecmagroup.com/team-members/jaclyn-r-shifren/) - Jaclyn has more than 15 years of accounting and financial reporting experience. She specializes in guiding corporate financial decision-making. - [Nicholas Pizzulli](https://www.thecmagroup.com/team-members/nicholas-pizzulli/) - Nick works with company owners and management teams on mergers and acquisitions across a variety of industries. - [Alan Gutman](https://www.thecmagroup.com/team-members/alan-gutman/) - Alan works diligently with company owners and management teams on mergers and acquisitions across various industries. - [Michael Gordon](https://www.thecmagroup.com/team-members/michael-gordon/) - Michael has over 10 years of experience in corporate mergers, acquisitions, leveraged buyouts and capital raises across a broad range of industries. - [Rod Peckham](https://www.thecmagroup.com/team-members/rod-peckham/) - With more than 35 years of experience, Rod advises companies through complex restructuring and operational improvement situations worldwide. - [Steven Agran](https://www.thecmagroup.com/team-members/steven-agran/) - Steven has over 25 years of experience specializing in providing turnaround and interim management services to financially distressed companies. - [Brian M. Barefoot](https://www.thecmagroup.com/team-members/brian-m-barefoot/) - Brian brings more than 40 years of senior leadership experience across investment banking, corporate governance, and higher education. - [Chris Parisi](https://www.thecmagroup.com/team-members/christopher-parisi/) - Chris has over 25 years of experience in M&A, majority recapitalizations, capital raising, and strategic advisory throughout North America and internationally. - [Van Parker](https://www.thecmagroup.com/team-members/van-parker/) - Van Parker advises clients on restructuring, M&A, valuation, and strategic alternatives across diverse industries. - [Brock Hudson](https://www.thecmagroup.com/team-members/brock-hudson/) - Brock Hudson brings deep oil and gas industry knowledge and transactional expertise to M&A, divestitures, and capital-raising engagements, combining hands-on operating experience with capital markets insight. - [Warren H. Feder](https://www.thecmagroup.com/team-members/warren-h-feder/) - Having owned, operated, and sold his own businesses, Warren Feder brings an owner’s mindset and investor discipline to middle-market transactions, delivering value-maximizing outcomes across a wide range of industries. - [Howard Meitiner](https://www.thecmagroup.com/team-members/howard-meitiner/) - Howard P. Meitiner brings more than 40 years of global experience providing strategic planning, interim management, and turnaround leadership, with a proven track record of driving growth through business development, cash-flow discipline, crisis leadership, and business model transformation. ## Categories - [Uncategorized](https://www.thecmagroup.com/category/uncategorized/) - [In the News](https://www.thecmagroup.com/category/in-the-news/) - [Insight](https://www.thecmagroup.com/category/insight/) - [Podcast & Radio](https://www.thecmagroup.com/category/podcast-radio/) - [Surveys](https://www.thecmagroup.com/category/surveys/) - [Career Profile](https://www.thecmagroup.com/category/career-profile/) ## Tags - [Investment Banking](https://www.thecmagroup.com/tag/investment-banking/) - [Turnaround & Restructuring](https://www.thecmagroup.com/tag/turnaround-restructuring/) ## Role - [Chief Restructuring Officer](https://www.thecmagroup.com/role/chief-restructuring-officer/) - [Company Advisor](https://www.thecmagroup.com/role/company-advisor/) - [Interim Management](https://www.thecmagroup.com/role/interim-management/) - [Investment Banker](https://www.thecmagroup.com/role/investment-banker/) - [Lender Advisor](https://www.thecmagroup.com/role/lender-advisor/) - [Sell-Side Advisor](https://www.thecmagroup.com/role/sell-side-advisor/) ## Services - [Buy-Side](https://www.thecmagroup.com/services/buy-side/) - [Financial Advisory](https://www.thecmagroup.com/services/financial-advisory/) - [Sell-Side](https://www.thecmagroup.com/services/sell-side/) - [Strategic & Transaction Advisory](https://www.thecmagroup.com/services/strategic-transaction-advisory/) - [Turnaround Management](https://www.thecmagroup.com/services/turnaround-management/) - [Investment Banking](https://www.thecmagroup.com/services/investment-banking/) - [Creditor Support](https://www.thecmagroup.com/services/creditor-support/) - [Mergers & Acquisitions](https://www.thecmagroup.com/services/mergers-acquisitions/) - [Acquisitions Financing](https://www.thecmagroup.com/services/acquisitions-financing/) - [Debt & Equity Capital Advisory](https://www.thecmagroup.com/services/debt-equity-capital-advisory/) ## Publications - [Carl Marks Advisors](https://www.thecmagroup.com/publications/carl-marks-advisors/) - [Middle Market Growth](https://www.thecmagroup.com/publications/middle-market-growth/) - Middle Market Growth, is the official publication of the Association for Corporate Growth, and includes a print magazine, website, weekly e-newsletter and daily newsfeed. MMG keeps more than 90,000 middle-market dealmaking professionals up to date on news, trends, best practices and thought leadership. - [WSJ Pro Bankrupcy](https://www.thecmagroup.com/publications/wsj-pro-bankrupcy/) - [SupplyChainBrain](https://www.thecmagroup.com/publications/supplychainbrain/) - SupplyChainBrain, today’s most comprehensive supply chain management information resource, is accessed year round through a wide range of ever evolving multi-media formats by hundreds of thousands of the world’s most influential supply chain executives. In addition to addressing the fundamental principles of supply-chain management, SupplyChainBrain identifies the latest news, emerging trends, technologies and best practices, forward thinking ideas and cutting-edge solutions – and continues to write and report about these as they evolve and mature. - [Oilman Magazine](https://www.thecmagroup.com/publications/oilman-magazine/) - The Magazine for Leaders in American Energy ## Specializations - [Addiction Care](https://www.thecmagroup.com/specializations/addiction-care/) - [Higher Education](https://www.thecmagroup.com/specializations/higher-education/) - [Oil and Gas](https://www.thecmagroup.com/specializations/oil-and-gas/) - [Healthcare](https://www.thecmagroup.com/specializations/healthcare/) - [Coronavirus](https://www.thecmagroup.com/specializations/coronavirus/) - [Hibernation](https://www.thecmagroup.com/specializations/hibernation/) - [Liquidity](https://www.thecmagroup.com/specializations/liquidity/) - [Survey](https://www.thecmagroup.com/specializations/survey/) - [M&A](https://www.thecmagroup.com/specializations/ma/) - [Restaurant](https://www.thecmagroup.com/specializations/restaurant/) - [Retail](https://www.thecmagroup.com/specializations/retail/) - [Supply Chain](https://www.thecmagroup.com/specializations/supply-chain/) - [Home Health](https://www.thecmagroup.com/specializations/home-health/) - [Long Term Care](https://www.thecmagroup.com/specializations/long-term-care/) - [Navigator](https://www.thecmagroup.com/specializations/navigator/) - [Success](https://www.thecmagroup.com/specializations/success/) ## Industries - [Business Services](https://www.thecmagroup.com/industry/business-services/) - [Consumer & Retail Products](https://www.thecmagroup.com/industry/consumer-retail-products/) - [Consumer Products](https://www.thecmagroup.com/industry/consumer-products/) - [Energy Services](https://www.thecmagroup.com/industry/energy-services/) - [Food & Beverage](https://www.thecmagroup.com/industry/food-beverage/) - [Healthcare](https://www.thecmagroup.com/industry/healthcare/) - [Industrial Technology & Manufacturing](https://www.thecmagroup.com/industry/industrial-technology-manufacturing/) - [Manufacturing & Industrials](https://www.thecmagroup.com/industry/manufacturing-industrials/) - [Restaurant](https://www.thecmagroup.com/industry/restaurant/) - [Transportation & Logistics](https://www.thecmagroup.com/industry/transportation-logistics/) - [M&A Business Services](https://www.thecmagroup.com/industry/ma-business-services/)