Category: Turnaround Management News

Carl Marks Advisory Group Advises Industrial Color Brands

Industrial Color Brands (ICB), a family of integrated creative production companies, has completed a recapitalization of its balance sheet through its partnership with Webster Capital. The investment banking group of Carl Marks Advisory Group served as exclusive financial advisor to ICB.

ESBA, Katz Receive Turnaround Atlas Awards

Executive Sounding Board Associates received two awards, including the Turnaround Consultant of the Year-Boutique Award, presented to managing director Robert D. Katz, at the 2012 Global M&A Network’s Turnaround Atlas Awards Gala. In addition, the firm received the Turnaround Deal of the Year Award-Small Markets.

Phoenix Completes the Sale of Conshohocken Rail

Phoenix Management Services, acting as receiver, through its affiliate PMCM, successfully marketed and sold the assets of Conshohocken Rail on June 1, 2012 to Conshohocken Recycling & Rail Transfer, a subsidiary of Regional Rail, a holding of FirstCity Crestone.

Wipfli Launches Turnaround, Restructuring Services Practice

CPA and consulting firm Wipfli has enlisted the services of recognized leaders in the turnaround and restructuring industry to launch the firm’s newest practice providing turnaround and restructuring services to companies that are experiencing or recovering from operational and financial distress.