NEW YORK – The M&A Advisor announced strategic and financial advisory firm, O’Keefe, as the winner for their role with Kalamazoo-based AM Todd in the 2012 Consumer and Retail Product category for Restructuring Deal of the Year.
The M&A Advisor hosted a prestigious event, The M&A Advisor Summit and Awards Gala, which was held at the New York Athletic Club. There were over 600 transactions considered for recognition with approximately 650 attendees.
With many challenges along the way, the sale to Wild Flavors GmbH ultimately resulted in 100% re-payments to the each lender of the Company. After payment of all of the obligations, there was significant equity available to the 128 shareholders representing the going concern value of the Company.
Approximately 300 employees retained their jobs, some even received elevated positions in the new company. The Wild Flavors GmbH who purchased the Company’s assets had a much better worldwide geographic footprint and related global distribution. This benefited the Company’s future, essentially repositioning the business operations globally as highlighted as a key need in O’Keefe’s 5-year strategic plan. New equipment was purchased to modernize the operations and the Company’s working capital was replenished at ideal levels. Finally, a 142 year old Company avoided extinction and survived the largest challenge it had ever faced.
Since 1998, The M&A Advisor has been presenting, recognizing the achievement of and facilitating connections between the world’s leading mergers and acquisitions, financing and turnaround professionals. Today M&A Advisor has the privilege of facilitating connections between and recognizing achievement in the industry’s top performers throughout the United States and international markets with a comprehensive range of services.
O’Keefe is a strategic and financial consulting firm specializing in strategic advisory services, debt restructuring, corporate finance, mergers and acquisitions, real estate, valuation, litigation support, public sector consulting, creditor and bankruptcy services including receiverships and chief restructuring officer assignments, creditor committee representation, forensic accounting, investment banking, and due diligence on M&A transactions. Established in 2001, O’Keefe is headquartered in Bloomfield Hills, Michigan with offices in Atlanta, Chicago, Grand Rapids, and New Jersey. For more information, visit www.okeefellc.com or call (248)593-4810.