Carl Marks Advises National Investment Managers Inc. in Recapitalization Process

Jun 17, 2010, 09:09 ET from Carl Marks Advisory Group LLC

NEW YORK, June 16 /PRNewswire/ -- National Investment Managers Inc., a nationally-based and regionally-operated retirement plan administration and investment management company, has retained Carl Marks Securities LLC (CMS) to act as financial advisor in the company's recapitalization efforts.  

Founded in 2004, National Investment Managers is a holding company and consolidator of pension plan administration, investment management and insurance businesses.  The company is working with Carl Marks to explore a variety of strategic options to increase liquidity and maximize value for shareholders.  Possibilities include refinancing current debt, raising capital or selling the company to a third party.

"We have engaged Carl Marks in our recapitalization process as a result of the firm's extensive investment banking expertise and its reputation for maximizing company value," said Steven J. Ross, CEO of National Investment Managers.  "In working with Carl Marks and also by securing new lender agreements, we'll have both the expertise and time necessary to complete a refinancing or sale, which in turn will strengthen the business going forward."

"We look forward to working with the National Investment Managers team to help advance the company to even greater profitability," said Warren H. Feder, CMS principal.  "Despite a challenging economic environment, the company's revenue and EBITDA have been up over the past few years. By implementing the proper financial strategy, the company will achieve a more robust balance sheet, resulting in a much stronger business."

About Carl Marks Advisory Group LLC and Carl Marks Securities LLC

Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational and real estate advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.

Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at

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