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 financial condition."
"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 learn more.
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.
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SOURCE Oppenheimer & Co. Inc.