Boulder Attorney Awarded Transaction of the Year Award

Boulder law firm, Kendall, Koenig & Oelsner PC (KKO) is pleased to announce that one of its attorneys, Carlos Cruz-Abrams, recently received the Turnaround Management Association’s "Transaction of the Year: Small Company" award for the distressed M&A purchase of North American Specialty Glass.  This award honors professionals involved in transactions that produced a significant, positive impact for distressed companies with less than $50 million in revenue, while simultaneously saving jobs.  The TMA award winners were honored at the association's 24th annual conference on October 5, 2013.

The local NASG team members who were recognized for their contributions include:  Mr. Cruz-Abrams (mergers and acquisitions counsel to buyer) and Joshua Hantman of the Denver office of Brownstein Hyatt Farber Schreck LLP (bankruptcy counsel to buyer).

NASG serves customers around the world with quality-designed safety and security glazing systems for architectural, transportation, military, and other specialty applications. The U.S.-based manufacturer is one of the largest domestic producers of specialty safety and security glass. NASG employs approximately 100 people and operates manufacturing facilities near Quakertown, Pennsylvania.

Through the diligent efforts of all parties involved, including KKO attorneys Carlos Cruz-Abrams, Brad Schoenfeld and Jonathon Taylor, and KKO paralegal Chris Ignelzi, in a two-week period in late 2012, the Chapter 7 Trustee was able to conduct a contested auction and select an offer, resulting in the successful acquisition of the North American Specialty Glass by KKO client Grey Mountain Partners, a private equity firm basedin Boulder.  The result was the re-opening of a shuttered business, which saved nearly 100 jobs in a small community, and allowed for minimal disruption for customers.

About Kendall, Koenig & Oelsner

Kendall, Koenig & Oelsner PC is a corporate transactional and business law boutique that represents businesses, financial institutions, private equity funds, investors and individuals in a broad range of sophisticated transactional matters.  KKO works with clients on mergers and acquisitions, private equity and venture capital investments, securities, credit finance, entity formation and commercial contracts.  KKO also assists clients with general legal matters arising in the operation of their business, including documenting employment relationships, preparing incentive plans and maintaining company records.