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Farlie Turner Selected as Finalist for M&A Advisor Turnaround Awards for 5th Consecutive Year

By: Farlie Turner - Date: 01/14/2013

FORT LAUDERDALE, Fla. January 14th, 2013 – Fort Lauderdale-based investment banking firm Farlie, Turner & Co. announced today that its Special Situations Group has been selected as a finalist for the 7th Annual M&A Advisor Turnaround Awards for its work on the going concern sale of PEMCO World Air Services, Inc. and certain affiliates (“PEMCO”) to Avion Services Holdings, LLC, a subsidiary of Sun Capital Partners, Inc., under Section 363 of the U.S. Bankruptcy Code.  Based in Tampa, Florida, PEMCO is one of the largest independent providers of aircraft maintenance, repair and overhaul services and conversions of commercial aircraft to cargo aircraft in the world.

 

Along with other professional groups that worked collaboratively on the PEMCO transaction, including restructuring advisors from AlixPartners and attorneys from Kirkland & Ellis and Young Conaway Stargatt & Taylor, Farlie Turner’s Special Situations Group was nominated for Distressed M&A Deal of the Year in the $25 million to $100 million category, and Professional Services (B-to-B) in the $10 million to $100 million category.  The finalist companies were selected from 175 nominee applications. This marks the 5th year in a row that Farlie Turner’s Special Situations Group has been a finalist in the Distressed M&A Deal of the Year category, which it has won in each of the last 3 years.

 

Commenting on the transaction, Steve Zuckerman, Head of Farlie Turner’s Special Situations Group, said: “The PEMCO transaction marks another successful outcome for a valued client of our Special Situations Group.  In this case, the success of the transaction was driven by a carefully-orchestrated restructuring, marketing and sale process that involved a high degree of planning and coordination among our client and its professionals to complete a complex transaction with no room for error.”

 

Please contact Steve Zuckerman or Scott Saunders at 954-358-3800 regarding questions on the PEMCO transaction or Farlie Turner’s Special Situations Group.

 

About Farlie Turner’s Special Situations Group

Farlie Turner’s Special Situations Group specializes in representing underperforming and financially distressed companies.  This Group complements Farlie Turner’s traditional investment banking practice, which focuses on serving growth-oriented middle market companies with enterprise values typically between $30 million and $300 million.  Farlie Turner, and its affiliate Bayshore Partners, LLC, a securities broker-dealer registered with FINRA, provide merger and acquisition, private placement, and financial advisory services.  Please visit www.farlieturner.com for more information.


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Bayshore Partners, LLC is an affiliate of Farlie Turner and a member of FINRA & SIPC.
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