Miami-Based Investment Banking Firm Defies the Odds of a Down Economy
Cassel Salpeter & Co., LLC Celebrates Successful First Year
MIAMI — August 4, 2011 — Starting a business under any circumstance is challenging, especially in the current economy. But investment banking firmCassel Salpeter & Co., LLC, overcame the obstacles of a sluggish economic recovery and rounded out its first year having completed more than 30 mergers and acquisitions, restructurings, fairness and solvency opinions, and valuations.
“When we opened our investment banking firm, we didn’t know what to expect from a market that was supposedly in recovery,” explains Chairman James Cassel. “Here we are a year later, still waiting for the market to come back, and we’re on a remarkable trajectory.”
Cassel Salpeter leveraged the economic environment by recognizing that even a gloomy market holds opportunities. For example, when Gulfstream Airlines filed for bankruptcy, Cassel Salpeter assisted in a $30 million sale to Victory Park Capital.
President Scott Salpeter sees the potential for continued success, even as unemployment and uncertainty remains present. He points to the growing number of middle market companies whose owners are looking to sell (whether a majority or a minority interest), raise capital, or grow through acquisitions. “We’re hearing from owners who are interested in understanding the current market opportunities,” Salpeter explains. “There is a significant amount of capital to invest in high-quality assets – that is good news for our clients, and good news for us.”
About Cassel Salpeter & Co., LLC
Cassel Salpeter & Co. is an investment banking firm with professionals who have more than forty years of financial experience. They deliver smart, straight-forward advisory services to middle market companies across America. With a thorough understanding of their clients’ industries and a keen sense of the economy, the Cassel Salpeter team provides independent, timely advice so clients can capitalize on a rapidly changing global environment. Headquartered in Miami, Florida, Cassel Salpeter is led by James Cassel and Scott Salpeter. Member FINRA and SIPC.