Azadian Group Awarded 2019 Restructuring Deal of the Year
The M&A Advisor announced the winners of the 14th Annual Turnaround Awards on Monday, December 9th. Azadian Group, along with Chris Carey Advisors, Scott Bernstein, Esq., North Mill Capital, and Stradley Ronan Stevens & Young LLP, was awarded RESTRUCTURING DEAL OF THE YEAR ($10MM to $25MM) for the sale of United Business Freight Forwarders (UBFF) West Coast Operations to Azadian Group portfolio company QX Logistix. The awards will be presented at a Black Tie Gala on Wednesday, March 18th at The Colony Hotel, Palm Beach, FL.
NEW YORK, Feb. 4, 2020 /PRNewswire-PRWeb/ -- The M&A Advisor announced the winners of the 14th Annual Turnaround Awards on Monday, December 9th. Azadian Group, along with Chris Carey Advisors, Scott Bernstein, Esq., North Mill Capital, and Stradley Ronan Stevens & Young LLP, was awarded RESTRUCTURING DEAL OF THE YEAR ($10MM to $25MM) for the sale of United Business Freight Forwarders (UBFF) West Coast Operations to Azadian Group portfolio company QX Logistix. The awards will be presented at a Black Tie Gala on Wednesday, March 18th at The Colony Hotel, Palm Beach, FL.
"Since 2002, we have been honoring the leading turnaround transactions, companies, and dealmakers. The nominations, representing over 240 participating companies, were judged by an independent panel of industry experts. Azadian Group was chosen to receive the award. It gives us a great pleasure to recognize Azadian Group and bestow upon them our highest honor for distressed investing and reorganization firms and professionals," said Roger Aguinaldo, Founder, The M&A Advisor. "Azadian Group is a representative of those that reached the pinnacle of the distressed investing, bankruptcy and reorganization industry for 2019 and earned these honors by standing out in a group of very impressive candidates."
"We are honored to receive this award and thank M&A Advisor for the recognition," said Raffi Azadian, CEO of Azadian Group. "This particular transaction was very challenging and we are grateful to our partners and advisors for helping to complete the deal in less than 90 days. We were able to save over 240 jobs in the process and the new company is thriving."
The Awards Gala is a feature of the 2020 Distressed Investing Summit. The Summit will take place on March 17/18 and will feature 250 of the industry's leading professionals participating in exclusive interactive forums led by a faculty of restructuring industry stalwarts and business media experts. Palm Beach's exclusive Colony Hotel will be home to the One-on-One Meetings, Opening Night Reception, Symposium, Awards Celebrations, and our infamous Closing Party. For an event profile CLICK HERE.
For a complete list of winners CLICK HERE.
About Azadian Group
Founded in 2003, Azadian Group is a boutique private equity investor focused on distressed M&A opportunities in the lower middle market.
About QX Logistix
Based in Los Angeles, QX Logistix delivers reliable logistics and value-added supply chain solutions to leading global retail and ecommerce customers.
THE M&A ADVISOR
Now in its 22nd year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry's leading media outlet in 1998. Today, the firm is recognized as the world's premier leadership organization for mergers & acquisition, restructuring and corporate finance professionals, delivering a range of integrated services.
http://www.maadvisor.com.
SOURCE Azadian Group LLC
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