NEW YORK – December 4, 2015 – Carl Marks Advisors, a leading consulting and investment banking advisor to middle market companies, today announced that the firm has been recognized as an Outstanding Turnaround Firm for exceptional restructuring and advisory expertise it has brought to 2015 transactions, including in the energy, consumer/retail, grocery, and regional/community banking sector. This is according to Turnarounds & Workouts’ latest Special Report (November) that honors the top 12 Outstanding Turnaround Firms for 2015.

Noteworthy Carl Marks Advisors engagements on 2015 transactions, as highlighted in Turnarounds & Workouts’ Special Report, include:

• CRO of Cal Dive through operation and sale
• CRO and investment banker to Joe’s Jeans during restructuring and sale
• CRO to Associated Wholesalers during sale and estate wind down
• Financial Advisor to American Bancorporation debtor during 363 sale

“We are honored to be recognized by our peers and colleagues for our achievements, which speaks to the quality and experience of our teams, as well as our ability and track record of bringing creative solutions to complex restructurings in the middle market,” said Duff Meyercord, Managing Partner of Carl Marks Advisors.  “Our teams have exhibited great success across multiple sectors, and we expect to be very active going into 2016 including in the oil & gas, education and healthcare sector,” added Meyercord.

Carl Marks Advisors Partners, whose proven leadership and industry experience contributed to the successful conclusion of above mentioned transactions, include:   Chris Wu, Doug Booth, Duff Meyercord, Evan Tomaskovic, Jette Campbell, Joe D’Angelo, Keith Daniels, Marc Pfefferle, Mark Claster, and Warren Feder.

 Turnarounds & Workouts’ Special Report recognizes business professionals for their outstanding achievements in working on bankruptcies, corporate renewals, financings, turnarounds, and restructurings. Honorees are selected by the publication’s editorial staff based upon recent engagements as well as nominations received from leading restructuring professionals nationwide. Turnarounds & Workouts tracks distressed businesses in the U.S. and Canada, and releases annual lists of outstanding firms and professionals engaged in the bankruptcy, corporate renewal, investment, turnaround, and restructuring industries.