Hilco Global, a privately held financial services company delivering valuation, monetization, advisory and capital solutions, entered into a definitive agreement to acquire New York-based Getzler Henrich & Associates.
Getzler Henrich & Associates is a 53-year-old turnaround and restructuring advisory firm that focuses on providing operational and financial solutions to middle-market businesses and their stakeholders.
The acquisition of Getzler Henrich & Associates will expand Hilco Global’s professional services platform. Getzler Henrich & Associates’ corporate turnaround and restructuring expertise and financial advisory and performance improvement capabilities will integrate with Hilco’s existing valuation, consulting and corporate finance advisory services and provide access to new sources of capital.
“Getzler Henrich has an impressive track record and an exceptional team of professionals that deliver a very specialized skill set which is complementary to Hilco’s current diverse platform of solutions,” Jeffery B. Hecktman, CEO of Hilco Global said. “This addition further strengthens our capabilities and enables us to provide fully integrated solutions from strategy through execution, enabling us to meet all of the most critical needs facing our clients today.
“As we continue to expand the Hilco Global financial services platform and deploy capital, we plan to continue to acquire and build out key strategic adjacencies that are best in class like Getzler Henrich. Hilco Global capabilities are more robust than ever. As we have evolved over the years, our increased access to capital has enabled us to regularly serve as the key capital partner to complete complex transactions in special situations. In the past 15 months during the global pandemic, Hilco operating companies deployed more than $500 million in unique transactions.”
The entire Getzler Henrich management team will remain in place while simultaneously collaborating with the more than 20 Hilco Global operating companies worldwide. Joel Getzler and Bill Henrich will continue to serve as partners and co-chairs of the firm, which provides turnaround, workout, crisis and interim management, corporate restructuring, bankruptcy, financial advisory, operational improvement and distressed M&A services.
“By joining the Hilco Global family, there is no question that we have strengthened our ability to deliver for all of our current and future clients,” Getzler said.
“The Hilco Global platform gives us unprecedented access to broad and robust resources, and we could not be more excited about what the future holds for us as a result of this new partnership,” Henrich said.