Month: November 2016

David J. Turco to lead AloStar’s New England Business Development Efforts

daveturco_150x150Veteran corporate finance specialist to focus on increasing AloStar’s presence

Boston, Mass. (Nov. 29, 2016) – David J. Turco, a veteran corporate finance and business development specialist, has been named Business Development Director of AloStar Capital Finance with responsibility for the six-state New England area. Turco will focus on raising the visibility of AloStar Capital Finance by building relationships with intermediary partners and increasing opportunities for clients in the region. Turco is a graduate of Bowdoin College in Brunswick, Maine, and earned an MBA from the Darden School of Business at the University of Virginia.

“I am very excited about the opportunity to help grow AloStar in the New England region,” Turco said. “Our focus on middle market opportunities and emphasis on an entrepreneurial outlook gives me the opportunity to build new product lines to serve our customers.”

Turco most recently served as Assistant Vice President with GE Capital Corporate Finance in Chicago, where he was responsible for sourcing and analyzing new business opportunities in the 19-state Midwest region after completing GE’s Experienced Commercial Leadership Program for sales and marketing. Prior to his role at GE, he was Director of Marketing for TM Capital Corp. and began his career as a paralegal with Goodwin Procter, LLP.

“We are extremely pleased to bring on someone of David’s talent and experience,” said David Phillips, Managing Director and National Organizations Director for AloStar. “We are confident that he will be successful in building the AloStar brand in the important New England market by assisting new and existing clients with their business goals.”

Turco brings to AloStar significant experience in business development, commercial strategy, analytics and product management. Additionally, he has expertise in financial modeling, company and industry analysis, and marketing.

About AloStar Capital Finance

AloStar Capital Finance offers needed capital and counsel to business leaders across America who are creating their own success stories. Dedicated teams within AloStar Capital Finance create customized lending solutions for business with capital requirements between $5 million and $20 million through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance platforms. AloStar Capital Finance is a trade name of AloStar Bank of Commerce, Member FDIC. For more information, visit http://www.AloStarBank.com.

Media Contact:

Almeera Jiwa Pratt
404-214-3560
APratt@JacksonSpalding.com

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TM Capital Advises J.E. Berkowitz in its Sale to Consolidated Glass Holdings

TMCapital_250x125TM Capital is pleased to announce that we served as exclusive financial advisor to J.E. Berkowitz, L.P. (“J.E. Berkowitz”) in its sale to Consolidated Glass Holdings, Inc., a portfolio company of Grey Mountain Partners. J.E. Berkowitz fabricates a full suite of glass products, including insulating, engineered, tempered and laminated glass, for a range of commercial buildings. TM Capital assisted J.E. Berkowitz in identifying and attracting a strategic partner in Consolidated Glass Holdings committed to supporting our client’s many growth opportunities.

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Tully & Holland Advises Intrepid Powerboats

tullyholland_250x125Tully & Holland, Inc. is pleased to announce its role as exclusive financial advisor to Undaunted Holdings, Inc. d/b/a Intrepid Powerboats, in its sale to JDG Undaunted, LLC, a newly formed company of JDG Capital. Intrepid Powerboats, a portfolio company of Boston, MA-based private equity firm, Fulham & Co., is a leading designer, manufacturer, and marketer of high performance, luxury outboard powerboats. JDG Capital, a Texas-based private investment firm, targets controlling interest investments in middle-market enterprises.

Intrepid Powerboats is one of the largest and strongest brand names in the industry having built a reputation for innovation in customized features, performance, luxurious comfort and safety. Founded in 1983, Intrepid maintains its position as a pre-eminent boat builder through its design, engineering, and proprietary manufacturing techniques. The hallmarks of an Intrepid boat are speed, luxury, comfort, seaworthiness, and versatility. Its A-list customer base includes wealthy individuals, professional athletes, Middle Eastern royalty, and well-known entertainment figures.

Intrepid Powerboats will continue to be led by the existing management team. “Fulham & Co. wished to preserve the company’s culture and professionalism, as well as its excellent management team, and believed leaving the company in the hands of JDG Capital was an excellent choice” says Tim Tully, President of Tully & Holland, Inc. JDG Capital is led by David Gillikin, the former CEO and equity partner of Cummins Southern Plains, LLC, the world’s largest and most profitable distributor for Cummins, Inc. (NYSE:CMI).

About Fulham & Co.
Since 1984, Fulham & Co. has invested in companies that sell highly-engineered, commercial products and have established a dominant position within a niche market. The partners’ operating experience enables a collaborative business approach offering tools and advice to the management teams. With approximately $280 million under management, Fulham & Co. has successfully completed more than 35 transactions since its founding.

About Tully & Holland, Inc.
Tully & Holland is a leading Boston, MA-based investment bank established in 1992. The firm provides corporate finance and mergers & acquisitions advisory services to middle market consumer product companies. Tully & Holland has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors. For further information on the Intrepid Powerboat transaction or the firm, please contact Tim Tully at (781) 239-2900 x14 or ttully@tullyandholland.com.

Alantra Hires Andrew Collina as Managing Director of US Office

andrewcollinaBOSTON, November 15, 2016 – ALANTRA, a global investment banking and asset management firm, is pleased to welcome Andrew G. Collina as Managing Director in the Boston office. Mr. Collina will manage the firm’s Financial Sponsor relationships in the US.

Prior to joining ALANTRA, Mr. Collina spent six years as a Managing Director in the Financial Sponsors Group at BB&T Capital Markets Inc. His 20+ years of M&A experience also includes buy-side and advisory positions at Castanea Partners, EMC Corporation, RBC Capital Markets, BancBoston Robertson Stephens and Coopers & Lybrand, LLP.

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Prairie Capital Advisors Announces Successful Sale of Cornerstone Treatment Facilities Network

prairiecap_250x125Prairie Capital Advisors, Inc., (“Prairie”) a leading corporate finance advisory and investment banking firm, acted as exclusive financial advisor to Cornerstone Treatment Facilities Network in the sale of the company to an employee stock ownership trust.

Cornerstone Treatment Facilities Network (“Cornerstone”) is a respected leader and innovator in the drug and alcohol treatment field, providing medical services for more than 40 years in New York. Cornerstone has been helping people change their lives by providing them with the tools for a healthy, happy and drug-free life.

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Tully & Holland Advises S&S Worldwide

Tully & Holland, Inc. is pleased to announce another successful conclusion to a buy-side M&A advisory engagement. The firm represented S&S Worldwide in its acquisition of an undisclosed company. This is the fifth transaction in which Tully & Holland represented S&S Worldwide.

“This acquisition will further our goals of growing and diversifying revenues and profits from our traditional catalog-based marketing efforts”, stated Hy Schwartz, co-President of S&S Worldwide. He continued, “partnering with Tully & Holland over the past 8 years has helped re-shape the contours of our 110 year-old family company.”

The acquired company’s President said, “working with S&S Worldwide will enable us to grow our business faster and more profitably, compete for larger programs, and enable more opportunities for our employees.”

About S&S Worldwide, Inc.
S&S Worldwide, Inc. is a leading marketer of crafts, sporting goods, and supplies to schools, recreation departments and healthcare facilities throughout the country. Its sales are primarily to institutions through catalogs and the internet. The fourth generation family-owned and managed company (www.ssww.com) was founded in 1906. Based in Colchester, CT it has through this acquisition, and other initiatives, begun to prepare for its next 100 years.

About Tully & Holland, Inc.
Tully & Holland is an investment bank established in 1992 devoted to providing middle market consumer products companies with high quality, customized corporate finance and merger & acquisition advisory services. The firm has particular expertise representing multi-channel marketers, retailers, consumer product manufacturers and distributors and food & beverage companies.

Recent multi-channel marketers which Tully & Holland has represented include such companies as HSN (NASDAQ: HSNi), The Territory Ahead, Cuddledown, Potpourri Group and Victorian Trading Company.

Interested parties may visit the website at http://www.tullyandholland.com for further information on the firm and its recent activities or contact Timothy W. Tully, President or Stuart Rose, Managing Director at (781) 239-2900.

Welcome New Members

acgboston_300ACG Boston welcomes the following new members to the community:

 

Robert Awh
Sverica Capital Management LLC

Gene Barton, Jr.
Pepper Hamilton

Richard Breed
Posternak Blankstein & Lund, LLP

Brendan Gerrity
Wells Fargo

Cameron Hagen
TM Capital

Graham Holding
PNC Business Credit

Sean McGah
Cambridge Trust Company

Kyle Murphy
JP Morgan Chase

Todd Ofenloch
H.I.G Capital

Christopher Price
Oak HC/FT

Nicholas Stawasz
Pepper Hamilton LLP

Frank Tumminello
Oppenheimer & Co.

David Turco
AloStar Capital Finance