Oppenheimer & Co. Inc. Wins 2013 M&A Advisor Award
NEW YORK, Feb. 3, 2014
NEW YORK, Feb. 3, 2014 /PRNewswire/ -- Oppenheimer & Co. Inc., a unit of
Oppenheimer Holdings (NYSE: OPY), today announced that it was the
distinguished recipient of a 2013 M&A Advisor award for the firm's role as
Financial Advisor to Ahern Rentals during the company's Chapter 11
reorganization. In winning this prestigious award, Oppenheimer was recognized
for its work in helping Ahern to successfully navigate the Chapter 11 process
to refinance its existing indebtedness and negate a competing plan of
reorganization from its junior creditors, preserving full ownership for the
Ahern family and positioning the company for continued growth.
Oppenheimer received the award in the "Professional Services
Business-to-Business, Over $100 Million" category at the 12th Annual M&A
Advisor Awards Gala held at the New York Athletic Club. "Since 2002, we have
been honoring the leading M&A transactions, companies and dealmakers.
Oppenheimer was chosen from more than 400 finalists representing 850 companies
to receive the award. It gives us great pleasure to recognize Oppenheimer and
bestow our highest honor for M&A firms and professionals," said David
Fergusson, President, The M&A Advisor.
"Oppenheimer brought the full spectrum of industry and product expertise and
capabilities to ensure best strategy and execution for Ahern," said Bruce
McCarthy, Co-Head of Investment Banking and Head of Mergers and Acquisitions
for Oppenheimer. "From helping Ahern orchestrate a pre-filing strategy that
included a discounted debt exchange and the raising of new capital to
preparing for and working through a difficult Chapter 11 process, we provided
Ahern with the time and resources needed to realize its reorganization
strategy, resulting in substantial improvement in its business operations and
"Our ability to seamlessly leverage our bankers' industry and product
expertise and align our capabilities with Ahern's evolving needs throughout
the restructuring lifecycle speaks to the strength of the Oppenheimer
platform," said Marc Thompson, Co-Head of Investment Banking and Head of
Technology for Oppenheimer. "The Oppenheimer team, comprised of professionals
from our restructuring, M&A, capital markets and industry coverage groups,
worked hand in hand with Ahern management to achieve a highly successful
outcome for all parties."
Since 1998, The M&A Advisor has been presenting, recognizing the achievement
of and facilitating connections between the world's leading mergers and
acquisitions, financing and turnaround professionals with a comprehensive
range of services including M&A SUMMITS; M&A AWARDS; M&A CONNECTS™; M&A
ALERTS™, M&A LINKS™ MandA.TV and M&A MARKET INTEL™. Visit www.maadvisor.com to
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer
Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide
a full range of wealth management, securities brokerage and investment banking
services to high-net-worth individuals, families, corporate executives, local
governments, businesses and institutions.
Certain statements in this release may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements involve a number of risks, uncertainties and other factors
that could cause actual results to differ materially, as discussed in the
Company's filings with the Securities and Exchange Commission.
SOURCE Oppenheimer & Co. Inc.
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