Carl Marks Securities Advises PowerTown Line Construction on Sale to Entregado Group, an AEA Investors Company

Investment Bank Sees Growing Trend in Outsourced Essential Services to Utilities New York, February 4, 2019 – Carl Marks Securities LLC, a mid-market investment bank focused on family and entrepreneurial businesses, announced today that it served as the financial advisor to PowerTown Line Construction, LLC. in its sale to Entregado Group Inc., a portfolio company of AEA Investors. PowerTown is a growing, profitable entrepreneur driven company providing best-in-class outsourced services to the leading power and utility companies throughout the Southeast and along the Eastern Seaboard. Founded by CEO Steven Townsend in 2005, PowerTown…READ MORE >

INDUSTRY OUTLOOK: “SUSTAINED STRESS” IN POST-SECONDARY EDUCATION

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 >