LOS ANGELES, Sept. 23, 2002 (PRIMEZONE) -- The Seidler Companies, a premier middle-market investment bank, today announced the launch of a new division to provide restructuring services for middle-market companies (those with revenues of $50-$500 million). Restructuring expert Daniel Harrow, who formerly was a partner at distressed company advisors Chanin and Company and operated his own restructuring firm, was named managing director of the team. Harrow's 25-year career includes experience with several high-profile restructurings such as Carter Hawley Hale, Greyhound, Orange County and Hamburger Hamlet.
Roland Seidler, founder and chief executive officer of The Seidler Companies, said, "Today's economic environment has placed additional pressure on the stakeholders of public and privately held middle-market companies, including company management and boards, creditors, vendors and equity investors. As an extension of our 30-year heritage serving the middle-market, we established the restructuring unit to assist these stakeholders by offering analysis and consulting services for potentially distressed middle-market businesses, as well as in-and out-of-court restructurings, recapitalizations, and distressed mergers and acquisitions."
The unit's initial engagements relate to distressed middle-market companies located throughout the U.S., in a wide variety of industries.
"What differentiates our restructuring unit is our ability to tap into Seidler's extensive middle-market equity research department and our network of institutional debt and equity investors for distressed middle-market companies, as well as mergers and acquisitions. In addition, we offer full consultative restructuring services -- both strategic and financial -- to enable companies to avoid or emerge from troubled situations. While our goal is often to prevent these businesses from filing for bankruptcy, we also serve companies in Chapter 11 proceedings."
About The Seidler Companies
Established in 1965, The Seidler Companies is a premier middle-market investment bank and securities firm. Along with investment banking services for corporations, the firm serves the financial needs of institutions, municipalities and high-net worth individuals. Headquartered in Los Angeles, CA, Seidler also has California offices in Fresno, Irvine and Redlands, along with its latest new office in Scottsdale, AZ. The firm's restructuring unit focuses on in-and out-of-court restructurings, recapitalizations, distressed mergers and acquisitions, as well as analysis of potentially distressed businesses. For more information visit www.seidlercos.com.