COSTA MESA, Calif. (November 10, 2009) – The Beekman Group LLC, a middle market-focused private equity group based in New York, has acquired a leading medical services organization (the “Company”) that provides contracted medical services to healthcare institutions. Transaction terms were not disclosed.
McGladrey Capital Markets LLC initiated the transaction, sourced the buyer, led the negotiations, and acted as the exclusive financial advisor to the Company.
“The Company’s growth can be attributed to a combination of providing premier quality services and an operational infrastructure that can be leveraged with growth. The Beekman Group will be able to supplement the management team’s capabilities and provide additional expertise to take the Company to the next level,” said Kamal Patel, vice president at McGladrey Capital Markets’ Chicago office. “The acquisition enables the Company to continue their growth strategy while providing quality services to healthcare institutions.”
About The Beekman Group
The Beekman Group is a leading private equity firm dedicated to bringing financial and operational resources to small middle-market companies. TBG’s team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in TBG’s targeted industry segments. This Industry Partner approach to investing is the cornerstone of TBG’s investment strategy - creating value through partnership with small middle-market management teams.
TBG’s targeted industry sectors are Financial Services, Consumer & Business Services, and Healthcare.
About The Company
The company is a medical services organization that provides high quality, contracted services to healthcare institutions.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (http://www.blogger.com/) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
CONTACT:
McGladrey Capital Markets LLC
Kelly Osborne, Vice President
714.327.8880
kosborne@mcgladreycm.com
Thursday, December 10, 2009
Healthcare Veteran Paul Kacik Joins McGladrey Capital Markets as Managing Director
Costa Mesa, Calif. – October 1, 2009 – McGladrey Capital Markets LLC, a global investment bank, has hired Paul Kacik as Managing Director of the firm’s distinguished healthcare practice.
Mr. Kacik has nearly 20 years of investment banking, private equity and corporate finance experience, with particular focus on the healthcare and life sciences sectors. He has acted in a lead advisory role on numerous domestic and cross-border healthcare M&A transactions including recent mandates in the healthcare services, managed care, medical products, nutraceutical and pharmaceutical services industries.
“Paul’s solid healthcare industry relationships strengthen our sector expertise and his transatlantic experience complements our robust cross border capabilities,” said Hector J. Cuellar, president of McGladrey Capital Markets. “With the healthcare sector poised for activity, we’re thrilled to offer Paul’s background and insight to our client base, and to the thousands of healthcare clients at RSM McGladrey’s strong healthcare practice.
Prior to joining McGladrey Capital Markets, Mr. Kacik was Senior Vice President and head of Healthcare Investment Banking for Barrington Associates, the M&A division of Wells Fargo Securities, LLC. He previously was Investment Director of Technomark Medical Ventures, a London-based healthcare private equity firm backed by Lloyds TSB Bank, and Associate Director of BioCorp Securities, a boutique healthcare investment banking firm.
Mr. Kacik received a bachelor’s degree in business from the University of Southern California and a master’s degree in business administration from Cass Business School in London. He holds FINRA Series 17 and 63 securities licenses.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (http://www.blogger.com/) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
CONTACT:
McGladrey Capital Markets LLC
Kelly Osborne, Vice President
714.327.8880
kosborne@mcgladreycm.com
Mr. Kacik has nearly 20 years of investment banking, private equity and corporate finance experience, with particular focus on the healthcare and life sciences sectors. He has acted in a lead advisory role on numerous domestic and cross-border healthcare M&A transactions including recent mandates in the healthcare services, managed care, medical products, nutraceutical and pharmaceutical services industries.
“Paul’s solid healthcare industry relationships strengthen our sector expertise and his transatlantic experience complements our robust cross border capabilities,” said Hector J. Cuellar, president of McGladrey Capital Markets. “With the healthcare sector poised for activity, we’re thrilled to offer Paul’s background and insight to our client base, and to the thousands of healthcare clients at RSM McGladrey’s strong healthcare practice.
Prior to joining McGladrey Capital Markets, Mr. Kacik was Senior Vice President and head of Healthcare Investment Banking for Barrington Associates, the M&A division of Wells Fargo Securities, LLC. He previously was Investment Director of Technomark Medical Ventures, a London-based healthcare private equity firm backed by Lloyds TSB Bank, and Associate Director of BioCorp Securities, a boutique healthcare investment banking firm.
Mr. Kacik received a bachelor’s degree in business from the University of Southern California and a master’s degree in business administration from Cass Business School in London. He holds FINRA Series 17 and 63 securities licenses.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (http://www.blogger.com/) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
CONTACT:
McGladrey Capital Markets LLC
Kelly Osborne, Vice President
714.327.8880
kosborne@mcgladreycm.com
Tuesday, June 16, 2009
H&R Block Names New President of RSM McGladrey
KANSAS CITY, Mo. – H&R Block, Inc. (NYSE: HRB) today announced that Charles Elliott “C. E.” Andrews has been named president of its wholly owned business services subsidiary, RSM McGladrey, effective June 29, 2009. He joins the Company after most recently serving as President of SLM Corporation (“Sallie Mae”) following a 29-year career with Arthur Andersen.
“We are pleased that C. E. Andrews is joining RSM McGladrey as its new president. His extensive industry background and leadership experience, including nearly three decades with a major global accounting firm, make him a great choice for the company as it pursues the tremendous market opportunities that exist and builds on its recent growth. In particular, C. E. will lead efforts to further build the McGladrey brand, increase our ability to attract and retain talent, and increase our share among firms in the middle market,” said Russ Smyth, president and chief executive officer of H&R Block.
C. E. Andrews began his career with Arthur Andersen in 1974, after graduating from Virginia Tech with a bachelor’s degree in accounting. He became a partner in 1984, and held increasingly responsible positions in the firm, including key leadership roles in the Metropolitan Washington Office, the Mid-Atlantic Market Circle, the Southeast Region, the United States National Practice and, ultimately, Arthur Andersen Global. He managed all lines of business, including audit, tax and consulting before being named Head of Worldwide Audit and Business Advisory Practice in 2001. His office, market circle and region were top performers annually in terms of quality, growth and profitability within Arthur Andersen and among competitors. After Andersen ceased performing professional services in 2002, he remained with the firm to assist with its orderly and successful dissolution. Mr. Andrews joined Sallie Mae in 2003 as EVP, Accounting and Risk Management. He later served as Chief Financial Officer, President and Chief Executive Officer. He is currently a member of the Board of Directors at Six Flags, Inc., NVR, Inc. and U-Store-It Trust.
Click here to read the full press release
“We are pleased that C. E. Andrews is joining RSM McGladrey as its new president. His extensive industry background and leadership experience, including nearly three decades with a major global accounting firm, make him a great choice for the company as it pursues the tremendous market opportunities that exist and builds on its recent growth. In particular, C. E. will lead efforts to further build the McGladrey brand, increase our ability to attract and retain talent, and increase our share among firms in the middle market,” said Russ Smyth, president and chief executive officer of H&R Block.
C. E. Andrews began his career with Arthur Andersen in 1974, after graduating from Virginia Tech with a bachelor’s degree in accounting. He became a partner in 1984, and held increasingly responsible positions in the firm, including key leadership roles in the Metropolitan Washington Office, the Mid-Atlantic Market Circle, the Southeast Region, the United States National Practice and, ultimately, Arthur Andersen Global. He managed all lines of business, including audit, tax and consulting before being named Head of Worldwide Audit and Business Advisory Practice in 2001. His office, market circle and region were top performers annually in terms of quality, growth and profitability within Arthur Andersen and among competitors. After Andersen ceased performing professional services in 2002, he remained with the firm to assist with its orderly and successful dissolution. Mr. Andrews joined Sallie Mae in 2003 as EVP, Accounting and Risk Management. He later served as Chief Financial Officer, President and Chief Executive Officer. He is currently a member of the Board of Directors at Six Flags, Inc., NVR, Inc. and U-Store-It Trust.
Click here to read the full press release
Wednesday, January 28, 2009
McGladrey Capital Markets’ Mark C. Agosto co-chairs 2009 CompositesWorld Investment Forum
Costa Mesa, Calif. – January 28, 2008 – On Feb. 26–27, Mark C. Agosto, managing director of McGladrey Capital Markets LLC and head of the firm’s Plastic and Advanced Materials practice, will co-chair the 2009 CompositesWorld Investment Forum in New York City. The event will examine the composites industry and its various end markets, including market outlook, economic impacts, industry growth opportunities, process improvements and more.
Agosto will speak on “2009: Boom or Bust for Composites Related Mergers and Acquisitions?” He will also lead a panel discussion regarding private equity and venture capital investments in the composite sector.
The second annual CompositesWorld Investment Forum is an international conference where more than 100 marketing executives, business development specialists, investment analysts and composite industry experts will explore the global and regional outlook for composite materials. Kevin Michaels, principal of Aerostrategy LLC, will also co-chair.
Mark C. Agosto, managing director of McGladrey Capital Markets, has more than 15 years of investment banking and corporate finance experience. He has advised more than 100 companies and has been involved in a variety of M&A transactions, including acquisitions, buy-outs, divestitures and joint ventures. Agosto's experience spans a number of different industries, including plastics and advanced materials, aerospace and defense, business services, logistics and distribution, industrial manufacturing, and consumer products.
Prior to joining McGladrey Capital Markets, he was a vice president with a San Francisco-based merchant bank, the ARCH Group, where he facilitated leveraged and management buyouts. He also worked as a mergers and acquisitions principal with a Boston-based middle-market investment bank, Mirus Capital Advisors (formally Ross Crossland Weston).
Agosto earned a bachelor's degree in business administration from California Polytechnic, San Luis Obispo and master's degree in business administration with honors in finance from Boston University. He holds FINRA Series 7, 24 and 63 securities licenses.
Monday, January 26, 2009
McGladrey Capital Markets climbs league tables amid year of milestones
Costa Mesa, Calif. – January 26, 2009 – McGladrey Capital Markets LLC continues to climb FactSet Mergerstat’s national rankings of M&A advisors. In 2008, the firm jumped five spots to rank No. 14 for overall deal volume and climbed to No. 2 for deals under $250 million. Furthermore, the firm’s Consumer Products, Chemicals, and Plastics & Advanced Materials teams each earned the No. 1 rank for deals under $250 million, while the Food & Beverage and Basic Industries teams took the No. 2 spot.
For 2007, the firm was ranked No. 19 overall and No. 3 for deals below $100 million. McGladrey Capital Markets first appeared in the national rankings in 2005 and has been ranked in the top 20 every year since then.
Amid a market in retreat, McGladrey Capital Markets held steady with 45 deals closed in 2008 (versus 47 in 2007) and $1.51 billion in deal liquidity created (versus $1.66 billion in 2007). In contrast, aggregate deal volume in the United States declined 30.4 percent year-over-year, according to FactSet Mergerstat. Investment bankers at McGladrey Capital Markets concluded five middle-market M&A deals within December alone, despite the frigid financial climate. Particularly strong sectors for the firm were Aerospace & Defense with five transactions closed and Food & Beverage with six transactions closed.
“Our success reflects the expertise, experience and commitment of our professionals,” says Hector J. Cuellar, president of McGladrey Capital Markets. “As the market was struggling, our teams creatively brought value to their clients. To continue closing deals and rising up the rankings amid the challenges of 2008 is a significant accomplishment.”
The year brought other advances as well:
- The firm continued its international growth, closing its first intra-European transactions, increasing cross-border deals 27 percent (representing one third of the firm’s deals in 2008), and working with clients across the globe—including Japan, Sweden, Switzerland and the United Kingdom. Events like the firm’s International M&A Symposium, held in October in London, continue to bring international buyers to North American sell-side clients.
- The firm launched deal teams with experience in the consumer products industry and the media, entertainment and gaming industry. In addition, the newly renamed plastics and advanced materials practice emphasizes the firm’s commitment to composites and other advanced materials.
- The firm launched a restructuring practice. The firm’s restructuring experts advise companies with underperforming assets and those experiencing financial distress, working with both debtors and creditors to develop tailored solutions suitable for virtually any financial or operating situation.
- The firm’s name change, from RSM EquiCo Capital Markets to McGladrey Capital Markets, reflected tighter integration with leading professional services firm RSM McGladrey. It was a significant milestone in a transformation process that began when Hector J. Cuellar assumed leadership of the firm in 2004.
- The firm’s private equity group clients increased fourfold and its total buy-side advisory engagements nearly doubled.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms.
McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, Dallas, New York and London. The firm is a member of FINRA and SIPC.
Thursday, January 15, 2009
Is help on the way? (from Modern Plastics Worldwide)
This month sees the inauguration of Barack Obama, who takes the helm at a critical moment and faces a daunting set of challenges. As the global economic outlook continues to sour, what does the future hold for American processors as a new leader charts a new course?
...Mark Agosto is managing director at McGladrey Capital Markets (Costa Mesa, CA), which provides investment banking services principally to privately owned midsized businesses and mid-cap public companies. Plastics plays a large role at the firm, and it claims to have been one of the leading middle market banks for composite and advanced material-related transactions over the last several years. More at www.mcgladreycm.com.
...Mark Agosto is managing director at McGladrey Capital Markets (Costa Mesa, CA), which provides investment banking services principally to privately owned midsized businesses and mid-cap public companies. Plastics plays a large role at the firm, and it claims to have been one of the leading middle market banks for composite and advanced material-related transactions over the last several years. More at www.mcgladreycm.com.
Metal fabricators face lower '09 demand, pricing: report (from Metal Bulletin)(subscription required)
CHICAGO 15 January 2009 22:10
While facing lower demand and pricing in the near term, metal fabricators could benefit from any increase in government-led infrastructure spending, according to an industry review of basic materials markets by McGladrey Capital Markets LLC.
The middle-market investment bank based in Costa Mesa, Calif., said in its research report that such spending "is expected to cause an increase in demand for metals and an improved outlook for these commodities in 2009 and 2010."
Metal fabricators operating in the medical, communications, life sciences and defense segments were somewhat insulated last year compared with those serving the automotive, heavy construction and retail electronics segments, according to McGladrey's analysts.
The global economic slowdown is impacting raw material prices, with steel, copper and other metal pricing declining significantly over the past three months, they said, adding that raw material prices "are expected to remain weak throughout the first half of 2009 as economic weakness leads to lower demand in most manufacturing sectors."
The metal fabrication market saw growth of 4.5 percent in 2007 and 1.7 percent in 2008, but is expected to see a 1.9-percent contraction this year before inching up 0.5 percent in 2010, according to the review
While facing lower demand and pricing in the near term, metal fabricators could benefit from any increase in government-led infrastructure spending, according to an industry review of basic materials markets by McGladrey Capital Markets LLC.
The middle-market investment bank based in Costa Mesa, Calif., said in its research report that such spending "is expected to cause an increase in demand for metals and an improved outlook for these commodities in 2009 and 2010."
Metal fabricators operating in the medical, communications, life sciences and defense segments were somewhat insulated last year compared with those serving the automotive, heavy construction and retail electronics segments, according to McGladrey's analysts.
The global economic slowdown is impacting raw material prices, with steel, copper and other metal pricing declining significantly over the past three months, they said, adding that raw material prices "are expected to remain weak throughout the first half of 2009 as economic weakness leads to lower demand in most manufacturing sectors."
The metal fabrication market saw growth of 4.5 percent in 2007 and 1.7 percent in 2008, but is expected to see a 1.9-percent contraction this year before inching up 0.5 percent in 2010, according to the review
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