September 29, 2016 – For Immediate Release
Range Corporate Advisors is pleased to announce it has agreed to a multi-party merger that consolidates eight entities into one segment leading and significantly capitalized advisory firm focused on creating and monetizing value from undervalued or troubled businesses and assets.
The combined firm will be named Sinclair Range Inc. and will hold the same core belief that has guided Range Advisors over the past 5 years into a leading Canadian adviser to medium and small businesses:
We believe that for professional advice to be truly valuable, the adviser’s professional skills must be world-class, the adviser must participate in the effective execution of the solution and the advice must be affordable by the business.
“In five short years Range Advisors has become a segment leader in Canada providing Turnaround Management Services and related corporate finance support to medium and small business. Notwithstanding our Canadian roots, we have worked in over 25 countries and have developed particularly effective execution capabilities in the US” said Scott Sinclair, founder and President of Range Advisors and incoming President of Sinclair Range Inc. “This merger accelerates the Range Advisors’ plan and creates an industry unique, cross-border platform with real equity value that will be attractive to our professionals, shareholders and future partners”.
The merger creating Sinclair Range Inc. will have a significant positive impact for Range Advisors’ clients and employees. Highlights include:
- Approximately $10.0 million of equity capital supporting the new firm
- Headquartered in New York, with offices in Toronto and Calgary
- A focus on delivering turnaround advisory, interim executive and CRO services and related investment banking services such as divestitures and refinancings
- A generalist approach with respect to industries, coupled with the formation of strategic industry groups, including energy, metals & mining
- Improved in-house career opportunities for younger professionals
Range Advisors will begin operating under the Sinclair Range brand in the upcoming weeks.
For further information, please contact:
Sinclair Range Inc.