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Farlie Turner & Co. Wins Distressed M&A Award

By: - Date: 03/26/2010


Farlie Turner is pleased to announce that it received the award for Distressed Deal of the Year in the Retail Manufacturing/Distribution Deal category for its sale of DM Industries, Ltd. (“DMI”). The award was presented at the 2010 Turnaround Awards ceremony hosted by M&A Advisor, a national community of M&A professionals, on March 22 in Palm Beach, Florida. .Farlie Turner’s Special Situations Group advised DMI in a sale under Section 363 of the Bankruptcy Code to Maax Spa Industries, a portfolio company of Brookfield Asset Management, which has approximately C$80 billion of assets under management.

“The award winners represent the best of the turnaround industry in the past year and earned these honors by standing out in a group of very impressive finalists," said Roger Aguinaldo, CEO of The M&A Advisor.

“We are delighted to receive this award and recognition for our efforts on DMI, which was a very challenging transaction to complete,” noted Steve Zuckerman, Head of Farlie Turner & Co.’s Special Situations Group. He added: “A successful transaction in this case would not have been possible without the extraordinary efforts of DMI’s counsel, Berger Singerman, and its Chief Restructuring Officer Alan Goldberg.”

Farlie Turner's Special Situations Group specializes in representing underperforming and financially distressed companies. This Group complements Farlie Turner & Co.'s traditional investment banking practice, which focuses on serving growth-oriented middle market companies with enterprise values typically between $30 million and $300 million. Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the FINRA, provide merger and acquisition, private placement, and financial advisory services. Please visit www.farlieturner.com for more information.

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