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Carl Marks Securities Completes Sale of Colonial Distributing, Inc. to National Convenience Distributors

Premiere Florida C-Store Distributor to Bring Cash-and-Carry Model to Atlantic Seaboard New York and Tampa, FL – July 13, 2023 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it has successfully guided Colonial Distributing, Inc., a leading distributor supplying convenience stores across Florida, on its merger into National Convenience Distributors, a major East Coast C-store warehouse and distribution network serving customers from Maine to Virginia. Financial terms of the deal were not disclosed. Colonial Distributing, Inc. (“Colonial”) was established in…READ MORE >
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Carl Marks Advisors Guides Sherwood Lumber Through Strategic East Coast Expansion with Acquisition of Mid Atlantic Wholesale Lumber

NEW YORK – May 25, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it has successfully advised Sherwood Lumber (the “Company”), a leading distributor of lumber and building materials, on its acquisition of Mid Atlantic Wholesale Lumber (“MAWL”), a key regional supplier of lumber products since 1977. Founded in 1954, Sherwood Lumber, headquartered in Melville, New York, is an industry leading provider of lumber and plywood across the United States. The Company supplies more than 2,000 lumber yards and…READ MORE >
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Carl Marks Advisors Facilitates Successful Refinancing for Florida Marine Transporters

NEW YORK – March 30, 2023 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced that it has successfully facilitated a refinancing for Florida Marine Transporters LLC Holdings (“Florida Marine” or the “Company”) with a unit of  TCW Asset Management Company LLC (“TCW”). Founded in 1993, Florida Marine, headquartered in Mandeville, Louisiana, is America’s largest independent, family-owned, Jones-Act-compliant marine transportation company. The Company services its long-standing customer base by providing liquid petrochemical, chemical cargo, and dry cargo transportation services in the inland…READ MORE >
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Carl Marks Securities Guides Roane Metals Group Through Sale to Commercial Metals Company

New York – March 7, 2023 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it advised Roane Metals Group (“Roane Metals” or the “Company”), a scrap metal recycling facility, on the sale of the business to Commercial Metals Company (NYSE: CMC). Financial terms of the private transaction were not disclosed. Founded in 2004, Roane Metals is an industry leading ferrous and non-ferrous metals recycling company headquartered in Rockwood, Tennessee. The Company specializes in the purchase, processing, and sale of scrap…READ MORE >
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Carl Marks Securities Advises on Sale of Cornerstone Treatment Facilities Network to Aurora Health

Sale benefits employee-owners across two New York locations New York – December 19, 2022 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors, (together “Carl Marks”) today announced that it advised Cornerstone Treatment Facilities Network (“Cornerstone” or the “Company”), an inpatient addiction care company, on the sale of the business to Aurora Health. Financial terms of the private transaction were not disclosed. Founded in 1936, Cornerstone is an employee-owned addiction care provider with locations in Fresh Meadows, Queens and in Rhinebeck, New York in the Hudson Valley.…READ MORE >