Marcum Advisory understands the turbulent environment in which various forms of corporate revitalization take place.
Throughout this process, we work with management, counsel, and stakeholders to develop and implement restructuring plans that can reinvigorate a company's growth and profits and reestablish credibility with employees, suppliers, and the financial community.
To support this, Marcum Advisory provides a full range of services including strategic planning, financial advisory, interim management, lender and creditor negotiation, and exit strategies. Marcum Advisory works with companies in matters both with and without court protection to achieve a satisfactory and expeditious outcome. Our role can be either as interim management or as an independent restructuring advisor to existing management, a secured creditor, or the Board of Directors.
Mergers and Acquisitions
In today's environment of a heightened regulatory and investor focus on corporate governance, companies' boards of directors, trustees, and other fiduciaries are increasingly seeking fairness opinions in carrying out their responsibilities.
Our services cover all facets of the transactions, including:
- Development of sophisticated business models and projections.
- Advice on deal structure alternatives.
- Pro-forma and post-transaction purchase price allocation.
- Fairness opinions.
We provide fairness opinions in situations such as:
- ESOP transactions.
- Related party transactions.
- Synthetic ownership structures in "blocker" entities.
Bankruptcy and Distressed Situations
Marcum has advised distressed companies and bankruptcy trustees on a wide range of issues throughout a bankruptcy process.
Our areas of focus include the following:
- Collateral valuation.
- Solvency opinions.
- Determination of reasonably equivalent value.
- Analysis of transactions on the subject of fraudulent conveyances and preferential transfers.
Why Choose Marcum?
Our financial restructuring professionals maintain ongoing relationships with a number of banks and other financial concerns to assist clients with debt and equity needs. Our debt placement services may include replacing or consolidating senior debt and procuring new or expanded lines of credit for working capital and capital expansion projects.
Where appropriate, we can locate equity partners to recapitalize a business, qualified merger partners to merge operations, or qualified purchasers to acquire the business at optimum returns for stakeholders.
For example, turnarounds, a typical form of restructuring, all need, require all or some of the following elements:
- Assess of the existing financial and operating environment of a company.
- Review a company's financial projection to evaluate viability of operations.
- Identify causes and sources of financial, market, or operating distress.
- Proactive cash flow management.
- Identify alternative debt and equity financing options and assist in negotiations.
- Negotiate settlement of contentious issues.
- Arrange for new or renegotiated financing.
- Address Officer and Director issues and retention programs.
- Wind-down assistance.
- Assessing feasibility of business plans.
- Identify cost reduction opportunities.
- Develop a restructuring plan.
- Replace existing management by interim executives.
- Manage employee and supplier communications and expectations.
- Identify capital market alternatives.
- Identify revenue enhancement opportunities.
- Sell non-core or under-performing assets.
Related News
September 30, 2019
As Seen In
Construction Executive published an article by Valuation & Litigation Services Director Patrice Radogna and Valuation Group Leader Ken Pia, about the benefits of ESOPs as an exit strategy for owners of multi-generational construction companies.
The “typical” options for company owners preparing to exit, such as sale to a third party or sale to a private equity, are frequently not ....
January 22, 2018
As Seen In
New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.
Just weeks into 2018, cryptocurrencies continue to dominate the headlines while on their way to potentially becoming mainstream. The complexities of these digital financial instruments ....
Valuation & Litigation Advisor - December 2017
Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune
Marcum LLP took top honors in multiple categories of the Connecticut Law Tribune’s 2017 “Best Of” survey, winning one or both of the top two ....
Valuation & Litigation Advisor - December 2017
Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes
Many of the valuations completed by Marcum LLP are for purposes of compliance with U.S. Generally Accepted Accounting Principles (GAAP), often referred to as Valuations ....
Valuation & Litigation Advisor - October 2017
Valuing a Business: The Site Visit and Management Interview
The site visit and management interview are an essential part of the process of developing a business valuation opinion.
Valuation & Litigation Advisor - October 2017
Painting a Picture of the Parties' True Income in Divorce
Determining the assets and earnings in a divorce engagement is often a complex task. While the divorcing parties may begin the process working toward the ....
October 01, 2017
As Seen In
Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.
BVU had the pleasure of speaking with some of the dedicated individuals who serve as members of the Business Valuation Committee of the American Society ....
June 20, 2017
As Seen In
Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.
For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.
May 10, 2017
As Seen In
BV Wire featured Marcum's merger with Meyers, Harrison & Pia.
Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice ....
May 07, 2017
As Seen In
The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.
Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services ....
May 04, 2017
As Seen In
The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.
Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.
May 01, 2017
As Seen In
Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.
Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in ....
May 01, 2017
As Seen In
Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.
MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firms partners frequently serve as expert witnesses during ....
May 01, 2017
As Seen In
The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.
Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its ....
May 01, 2017
Press Release
Marcum LLP Merges in Meyers, Harrison & Pia
Marcum LLP announced today that Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) have merged into the ....
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Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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