NEW YORK – May 20, 2016 – Carl Marks Advisors, a leading consulting and investment banking advisor to middle market companies, today announced that the firm has been recognized by the Global M&A Network at their 2016 Turnaround Atlas Awards as Restructuring Investment Bank of the Year for Middle Markets.  In addition, the firm and executives were among the winners in the categories of “Transactions” and “Restructuring & Turnaround Professionals,” excelling in the execution of restructurings and driving successful outcomes, including:

• Out of Court Restructuring of the Year – Middle Markets. For the sale and recapitalization of Joe’s Jeans.

• Cross Border Distressed M&A Deal of the Year – Middle Markets. For their work on the Cal Dive International sale to Everest Hill Energy and Shelf Subsea Services.

• Top 100  Restructuring & Turnaround Professionals.  Evan Tomaskovic, Partner at Carl Marks Advisors and CEO of Carl Marks Securities

“We are thrilled to be recognized by the Global M&A Network for the unique solutions we bring to complex restructurings in the middle market,” said Duff Meyercord, Managing Partner of Carl Marks Advisors.  “It is very rewarding to be recognized for our hard work and value we bring to our clients, especially given the challenges we were tasked to navigate as we brought these deals to a successful close,” added Meyercord.

Turnaround Atlas Awards honors excellence in categories of best value-creating transactions, outstanding firms, influential professionals and leaders from the restructuring, bankruptcy, special situation deals and turnaround communities, world-wide.