in a large number of transactions
across a wide spectrum of industries
February 13, 2012 – FORT LAUDERDALE, Fla. – Fort Lauderdale-based investment banking firm Farlie Turner & Co. is pleased to announce that it has won a national award from The M&A Advisor for 2011 Distressed Deal of the Year in the Lower Middle Market category for its sale of First Foliage, LC (“First Foliage”) to Costa Nursery Farms, LLC last year. First Foliage is a full service supplier and marketer of tropical plants, serving over 2,000 retail store locations in key regions of the U.S.
This announcement marks the third consecutive year that Farlie Turner has won an award for its investment banking services fromThe M&A Advisor, a national community of M&A professionals. The sale transaction, which occurred under Section 363 of the U.S. Bankruptcy Code, was facilitated by Farlie Turner’s Special Situations Group, which specializes in representing underperforming and financially distressed companies.
The transaction was led by Steve Zuckerman, Head of Farlie Turner’s Special Situations Group, and Scott Saunders, Managing Director. This same team of lead advisors represented DM Industries and Protective Products of America in previous distressed transactions for which Farlie Turner received national awards from The M&A Advisor in 2010 and 2011.
Commenting on the award, Mr. Saunders noted: “We were up against deal teams that included some very talented competition from other leading investment banks, national law firms, and restructuring advisory firms. In this setting, I think what truly set us apart was a collaborative effort among the various professional advisors involved in our transaction, including the law firms Infante Zumpano and Berger Singerman.”
Farlie Turner's Special Situations Group complements its 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 & Co., LLC, 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.