NEW YORK, January 24, 2017 – Carl Marks Advisors, a leading corporate restructuring and investment banking firm to middle market companies, is pleased to announce the following promotions, effective immediately:
- Jonathan Killion – Managing Director
- Ben Godbout – Director
- Parker Condie – Associate
The promotions follow a very active year for Carl Marks Advisors, which in 2016 saw strong demand for its investment banking and restructuring advisory expertise, given the surge of restructurings in the oil & gas, renewable energy, grocery industries, among other sectors. With 2017 expected to mirror 2016 trends, the firm took steps early on to further build out support across teams with the hire of Chuck Kwong, who joined as Vice President of Strategic Research in mid-2016 to focus on the early identification of potential restructurings and work with the team to connect with key stakeholders.
Notable achievements in 2016 for Carl Marks Advisors include the following engagements:
- Restructuring advisor to one of the top 10 cooperative food distributors in the U.S. during their sale to a large grocery retailer
- Advisory roles to distressed renewable energy companies — more specifically acting as advisor to Abengoa on the sale of its U.S. assets and the bankruptcy process
- Acting as chief restructuring advisor to Cal Dive through operation and sale
“We are eager to build upon a successful 2016 and capitalize on market opportunities we’re seeing in 2017 to deploy our experienced teams and industry know-how across key industries,” said Duff Meyercord, partner at Carl Marks Advisors. “Jonathan, Ben and Parker are fine examples of professionals we attract to our firm, and professional growth opportunities our firm provides. We congratulate them on their to-date achievements.”
About the professionals:
Jonathan Killion has 12+ years of financial service experience. Jonathan’s experience includes working closely with company owners, management teams, board of directors, private equity groups, lenders, and investors on profit improvement, turnarounds, workouts, loan restructurings, due diligence, strategic planning, and mergers and acquisitions. His expertise spans a full range of financial advisory and operational improvement in restructurings and other special situations, both in court and outside of bankruptcy.
Prior to joining Carl Marks Advisors, Mr. Killion was a professional at Deloitte serving a multinational healthcare organization. Mr. Killion earned a BS in Business Administration from Georgetown University, is a CFA® charter holder, and a member of the Turnaround Management Association.
Benjiman Godbout has over 11 years of financial service experience, including significant expertise in financial restructuring and investment banking. Ben works closely with company owners, management teams, board of directors, private equity groups, lenders, and investors on engagements spanning bankruptcies, workouts, loan restructurings, due diligence, strategic planning, and mergers and acquisitions. Ben is also currently serving as a Board Member for a design-engineering firm in South Florida.
Prior to joining Carl Marks Advisors, Ben served as Vice President at a boutique Private Equity Fund, as well as Sr. Associate at Deloitte Financial Advisory Services. Ben holds a BA from the University of Western Ontario, and an MBA from the Johnson School at Cornell University. He is registered with FINRA as a Limited Representative – Investment Banking.
Parker Condie joined Carl Marks Advisors’ investment banking team in 2015 and focuses primarily on providing research and execution services for various investment banking and financial advisory assignments, including mergers & acquisitions, debt and equity capital raises, and financial restructurings for companies, secured and unsecured lenders, and creditors across the capital structure. Parker has advised on numerous financial restructurings (including §363 sales and internal reorganizations), capital raises, and mergers & acquisitions assignments across a range of industries. Parker holds a BA from Boston College and is registered with FINRA as a Limited Representative – Investment Banking.
Chuck Kwong has over 23 years in finance and research with advanced skills in identifying potential opportunities through financial metrics screening, analyzing capital structures, and monitoring company developments. He actively maintains distressed radar watch lists for potential restructurings in order to target advisory opportunities and has in-depth knowledge of bankruptcy process, including DIP and exit financing. He was most recently Vice President at GE Capital, Restructuring & Corporate Retail Finance, one of the largest providers of financing to mid-size and large US businesses. Chuck holds a BA in Economics from Carnegie Mellon University.
About Carl Marks Advisors
Carl Marks Advisory Group LLC (Carl Marks Advisors), a New York-based corporate restructuring and investment banking firm serving middle-market companies, provides an array of investment banking and operational services, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.
The award-winning firm received the 2016 Turnaround Atlas Awards’ Middle Market Restructuring Investment Banker of the Year, Middle Market Out-of-Court Restructuring of the Year and Middle Market Cross Border M&A Deal of the Year; Global M&A Network 2016 & 2014 annual listing of the Top 100 Restructuring and Turnaround Professionals; 2015 ACG New York Champion’s Award for Deal of the Year in Manufacturing; was included in Turnarounds & Workouts 2015 Outstanding Turnaround Firms and 2014 Outstanding Investment Banking Firms.
Securities are offered through Carl Marks Securities LLC, member FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarksadvisors.com.
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