CAREER PROFILE: Alec Haesler, Director, CFA, CPA

How has your career progressed during your time at CMA? How long have you been here? I started with Carl Marks Advisors in May of 2017, so I’m coming up on my two-year anniversary. Before I joined CMA, I was at a middle-market restructuring and turnaround advisory firm for roughly four years. Prior to that, I spent two years at a Big Four accounting firm, working in the Transaction Services group. Since joining CMA, I’ve been promoted to a Director, gained valuable experience across a variety of industries and been afforded the opportunity…READ MORE >


By: Joseph R. D’Angelo, Partner, Carl Marks AdvisorsJan/Feb 2019 With enrollment down, many colleges and universities have increased the practice of discounting — providing scholarships to increase enrollment — which can create ongoing cash flow issues. Joseph R. D’Angelo examines the turnaround options available to post-secondary institutions under financial stress. The post-secondary education sector continues to struggle with rising costs and increasing competition for a declining U.S. demographic of high school graduates. Many schools supplement their enrollments with international students, representing about 20% of the total student population at many ranked universities. However,…READ MORE >

The cascading impact of reimbursement pressures

By Marc Pfefferle, MBA, CTP January 31, 2019 Top of mind for healthcare investors and executives is the continued trend of an overall challenging reimbursement environment impacting both providers and suppliers in 2019. Carl Marks Advisors, a leading investment bank and advisory firm, recently conducted a survey of operators, professionals, lenders and private equity sponsors who work directly with or for healthcare services providers and the results indicate that many reimbursement-dependent healthcare companies are struggling under the weight of reimbursement and cost containment pressures across wide areas of the healthcare marketplace. The results of the…READ MORE >

Navigating Challenges in Mid-Market Healthcare Lending

By: Jonathan Killion, Managing Director, Carl Marks AdvisorsDate: January 22, 2019 Middle-market healthcare companies are experiencing extremely exciting, but also challenging times. Well-run organizations are seeing significant investor interest and rewarding valuations, however organizations displaced by the rapidly changing healthcare landscape are challenged to regain their footing and maintain valuations to support invested capital. How is the health of the domestic healthcare market? The healthcare industry continues to be an exciting industry with robust investor appetite, active M&A environment, and an increasing list of non-traditional market competitors. Supporting the high valuation levels is…READ MORE >


What attracted you to Carl Marks Advisors when you joined? I found the size of the firm and the fact that it was family owned very appealing. My initial points of contact were Joe D’Angelo, Duff Meyercord and Jon Bushnell – and my respect for all of them has only increased since. I appreciate the lack of office politics and I like the sense of camaraderie. At the beginning of the oil and gas downturn, I knew that turnaround work would be a good space in which to practice. Carl Marks Advisors was…READ MORE >