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Avalon Securities Closed on $50 Million Private Equity Raise for North American Recovery Management

March 16, 2016
Press release

Avalon Securities, Ltd.'s efforts were spearheaded by its investment banking team consisting of Kenneth Segal, Brian Shaughnessy and Roger Johnson*. Avalon Securities, Ltd. served as exclusive financial advisor to North American Recovery Management, LLC (NARM). NARM's management team is made up of experts in the demolition, remediation and recovery industry. The company is in the business of acquiring improvements to commercial real estate assets, managing the demolition, and selling its commodity contents to generate profits. The new funds were raised to acquire a decommissioned paper mill in Maine. NARM intends to pursue acquisitions of decommissioned industrial properties including manufacturing and power generation.

"The capital we have raised will allow us to move quickly on our investment strategy and execute on a nationwide scale," says Jason Inoff, CFO of NARM. "We hope to deploy our new capital within the next twelve months. The Avalon team was invaluable to this process. They developed and executed on a successful strategy, including managing the process to a successful transaction close."

For additional information about this transaction, please contact:

Kenneth D. Segal
Managing Director

Brian P. Shaughnessy
Managing Director

Roger Johnson
Managing Director

Messrs. Segal, Shaughnessy and Johnson are also associated with Berkeley Research Group, LLC, and serve as investment bankers who specialize in mergers and acquisitions advisory and capital raising for middle-market clients. Their team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. Berkeley Research Group, LLC is a leading global strategic advisory and expert consulting firm that provides independent advice, data analytics, authoritative studies, expert testimony, investigations, and regulatory and dispute consulting to Fortune 500 corporations, financial institutions, government agencies, major law firms and regulatory bodies around the world. For additional information, contact Ken Segal at 781.715.5959.

*Avalon Securities, Ltd. is an SEC registered broker-dealer and a member of FINRA and SIPC. Messrs. Segal, Shaughnessy and Johnson are affiliated with Avalon Securities, Ltd. All securities assignments are completed through Avalon Securities, Ltd.

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