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Frank Parsons Receives Professional Services Deal of the Year
Posted February 6, 2012
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Baltimore - The M&A Advisor announced the winners of the M&A Advisor Turnaround Awards at the 6th Annual Awards Gala to a lively, sold-out crowd at The Colony, Palm Beach Florida on Monday January 31st. WeinsweigAdvisors and Cole Schotz were awarded the Professional Services Deal of the Year for their restructuring of Frank Parsons. The event was hosted by Bloomberg Television's National Chief Correspondent Carol Massar.
"WeinsweigAdvisors represents the best of the turnaround, restructuring and distressed investing industry in 2011 and earned this honor by standing out in a group of very impressive finalists," said Roger Aguinaldo, CEO of The M&A Advisor.
The Turnaround Awards Gala honored deal-teams, deal-makers, and firms whose activities set the standard for the industry. WeinsweigAdvisors was chosen from over 160 nominees representing over 250 companies to receive their award. An independent judging committee of industry experts determined the ultimate recipients of the awards. Winners were revealed "Academy-Award style" at the gala.
Marc Weinsweig stated: "Frank Parsons has been a tradition in the Baltimore area for many years. It is tremendously gratifying to know that over 90% of its employees maintained their jobs through the successful restructuring efforts of our team working with a great group of professionals including ColeSchotz, SSG Capital and Pachulski."
In addition to the 2012 honorees, John Wm. (Jack) Butler, Partner of Skadden, Arps, Slate, Meagher & Flom was awarded a Lifetime Achievement Award for his achievements and contributions in restructuring and reorganizational law. Mr. Butler, who was introduced by another industry stalwart - Mr. Timothy R. Coleman, Sr. Managing Director & Head of Restructuring, The Blackstone Group - provided a moving and inspirational account of his experience and his vision for the future of bankruptcy law.
WEINSWEIGADVISORS
WeinsweigAdvisors brings seasoned executives at reasonable rates to preserve and enhance value during periods of transition including business restructuring, under-performance, merger & acquisition or litigation.
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