1925: Carl Marks & Co. was founded by Mr. Carl Marks. Established as the first foreign securities trader in the U.S., the firm became the market-maker for foreign securities, and remained the industry leader for the next forty years. Mr. Marks believed in fair dealing and fostered a culture of collegiality and family, cementing the firm’s reputation for integrity and trustworthiness.
1975: Carl Marks & Co. was one of the first to recognize and capitalize on the emergence of “bootstrap financings,” also known as leveraged buyouts, the investment approach that pioneered the private equity industry.
1983: Carl Marks & Co. formed Carl Marks Realty Services and was one of the first practitioners of distressed real estate investing.
1987: Sensing the start of a period of corporate stress, Carl Marks Strategic Investments was created as an investment vehicle through which sophisticated institutional and individual investors could access Carl Marks & Co.’s skill as a value investor in fundamentally undervalued securities and obligations of underperforming companies.
1988: Carl Marks & Co. merged its broker dealer with Smith New Court PLC.
1992: Launched CM Equity Partners, a generalist private equity business that transitioned its focus to U.S. Federal services contractors and aerospace & defense.
1992: Carl Marks Consulting Group was formed when the firm saw an entrepreneurial opportunity to create a business that could provide consulting services to help turn around distressed companies.
2001: Carl Marks Capital Advisors was created when the firm identified the opportunity to address the investment banking and transactional opportunities that arose as they conducted successful turnaround projects. Stepping Stone Financial was merged into the firm to form this new partnership, adding transaction services capabilities to the firm.
2006: Carl Marks Capital Advisors and Carl Marks Consulting Group combined to form Carl Marks Advisory Group LLC – a vital resource providing integrated, end-to-end financial and operational advisory services, with expertise in turnarounds, restructurings, and investment banking transactions.
2007: Formed Carl Marks Securities LLC to provide clients with financial advisory services related to private placement of debt and equity capital.
2014: Carl Marks Advisory Group LLC rebranded to Carl Marks Advisors with a new tagline “Driving Success Through Change and Growth”.