Joseph Malfitano, will be recognized for his contribution at Eastern Outfitters, which won TMA's "Transaction of the Year - Mid-size Company" award for 2018.
Online PR News – 07-September-2018 – New York, New York – Malfitano Partners, the global business asset acquisition and disposition advisory firm, will be honored by the Turnaround Management Association for its work, in concert with other advisors, at Eastern Outfitters, LLC, a multi-channel apparel, footwear, and sporting goods retailer operating under the banners Bob's Stores and Eastern Mountain Sports. Managing Partner, Joseph Malfitano, will be recognized for his contribution at Eastern Outfitters, which won the prestigious TMA's "Transaction of the Year - Mid-size Company" award for 2018. The TMA broadly describes its awards as recognizing "the individuals who orchestrate a non-operational restructuring, including merger and acquisition, sale, loan, liquidation, debt restructuring, etc., to preserve value in a struggling business."
"This has been an extremely tough year for retail companies in need of turnaround or other forms of fundamental change," said Joseph Malfitano, Managing Partner of Malfitano Partners. "That makes it all the more rewarding, though, that our team of professionals at Malfitano Partners, working hand-in-hand with other advisors and with company management, were able to help save value for so many stakeholders on this engagement. The engagement highlights the importance of getting Malfitano Partners involved early on when considering closing stores as part of any restructuring or sale of a business."
Also recognized by the TMA for their work on the Eastern Outfitters engagement will be: Spencer Ware, AlixPartners, LLP; Alexander Stevenson, Lincoln International; Jennifer Feldsher, Bracewell, LLP; Norman Pernick, Cole Schotz, P.C.; Spence Mehl, RCS Real Estate Advisors, Nicholas Campbell, MERU and Robert Jordan, Kurtzman Carson Consultants.
The TMA awards will be presented at the 2018 TMA Annual Convention, September 26-28, in Colorado Springs, CO at The Broadmoor resort.
About Malfitano Partners:
Malfitano Partners was founded by Joseph Malfitano, a nationally known turnaround and restructuring professional, as a New York-based boutique that provides clients globally with a suite of advisory services in the acquisition and disposition industry. Described as "investment bankers for the liquidation industry," the firm has developed the expertise needed to quickly assess a situation, formulate a comprehensive set of strategic alternatives, and work to quickly to implement a value maximizing asset acquisition or disposition strategy with respect to retail inventory, furniture, fixtures and equipment, industrial machinery and equipment, real estate, and accounts receivable or combinations thereof. In addition to Eastern Outfitters, LLC, notable 2017-18 advisory assignments included Toys "R' Us, Bon-Ton Stores, Heritage Home Group, and hhgregg.