Daily News: August 13, 2012

Mackinac Partners Receives Two Deal of the Year Awards

Mackinac Partners announced it was the recipient of two industry awards for its role in the successful turnaround and financial restructuring of PlayPower, Inc.

PlayPower, headquartered in Charlotte, NC, is a manufacturer and marketer of commercial playground equipment and floating marine dock systems. PlayPower operates manufacturing plants in North America, the United Kingdom and Sweden and sales offices throughout the world.

Keith Maib, senior managing director with Mackinac Partners served PlayPower in various capacities, including interim CFO, interim CEO and Director from August 2010 to July 2012. Maib continues as a member of the company’s Board of Directors. Miller Buckfire & Co. served as financial advisors to PlayPower and Willkie Farr and Gallagher served as legal counsel to PlayPower. In spite of continued challenges in global market dynamics, the turnaround and financial restructuring has positioned PlayPower for future growth and sustained profitability.

PlayPower’s professional advisors were recognized with the following awards:

M&A Advisor’s Industrial Manufacturing / Distribution Deal of the Year ($250 million+), – The M&A Advisor is a membership network consisting of professionals focused on mergers and acquisitions, turnaround and finance. The M&A Advisor Awards are widely recognized as a pinnacle of achievement, recognizing excellence in deal making, accomplishments and contributions of the industry’s top performers throughout the United States and international markets.

The Global M&A Network’s Turnaround of the Year Middle Market ($250 million+), – The Global M&A Network recognizes worldwide excellence in the restructuring and turnaround communities. The Turnaround Atlas Awards honors leaders, professionals, transactions and firms from the distressed, special situations, M&A, and turnaround communities for successful deals and assignments.

Mackinac Partners is a financial advisory firm that provides a broad range of strategic, operational and financial advisory services.