Daily News: April 12, 2012

Phoenix Hires Martines as Director in Cleveland Office

Phoenix announced that Andrew Martines has joined the firm as a director based in the Cleveland office. Martines brings a wealth of experience to the team with over ten years of turnaround and restructuring experience, working with middle-market companies in a variety of complex restructuring environments.

He is a Certified Insolvency and Restructuring Advisor (CIRA) and holds may industry memberships including the TMA, ACG and ACFE. He also serves on the board of the Cleveland Opera. Martines spent the past several years in the Cleveland market in the turnaround industry.

“We believe that beyond his wealth of experience in the industry, Andy brings the personal attributes that we all expect of the Phoenix team – integrity, performance driven, and dedication to the continued growth of our firm. We are pleased Andrew has decided to join our Cleveland team,” said Rick Szekelyi, managing director in Phoenix Cleveland office.

Phoenix Management Services provides turnaround, crisis and interim management, specialized advisory and operational due diligence services for both distressed and growth oriented companies. Phoenix Capital Resources provides investment banking solutions including M&A advisory, complex restructurings and capital placements.