6/10/2004
Business Wire
(Copyright (c) 2004, Business Wire)
DIX HILLS, NY.--(BUSINESS WIRE)--June 10, 2004--New York-based CLB Partners, LLC, a leading financial services firm, today announced the appointment of Alex J. Abreu, 43, to Managing Director. Abreu will be based in Coral Gables, FL, focusing on principal investing opportunities associated with CLB Partners' recently announced private equity fund. Abreu will lead the firm's efforts in investing in growing, middle market companies.
According to CLB co-founder and managing director, Jim Parrino, Abreu brings 17 years of banking and extensive experience in advising middle market companies relative to the debt and equity markets, as well as M&A. "We are very excited to have Alex join our team and bring his wealth of experience and relationships in the middle market," said Parrino.
The focus of the fund is to invest in companies with $2 to $10 million in cash flow that are engaged in the distribution of products or services, and located in the Midwest and Eastern US. Selectively the firm will also consider investments in light manufacturing, retail, business services and health services. In addition to adding Abreu, CLB has partnered with several successful, serial entrepreneurs, who provide strategic, tactical, and financial resources.
"Abreu brings a consultative approach to partnering with successful entrepreneurs in an effort to buy and build businesses and, thereby add value,” said Parrino. "Alex' significant experience with Bank of America managing financial transactions for middle market clients and his expertise evaluating strategic alternatives compliments the firms commitment to bringing Wall Street to Main Street."
Before joining CLB, Abreu most recently served as a Senior Vice President and Senior Client Manager in the Middle Market Banking-Financial Strategies Group of Bank of America, working with both private and public middle market companies. He led an experienced team of bankers in delivering tailored financial solutions to growing companies. Prior his role as a Senior Client Manager, Abreu was a Managing Director and general corporate banker with Banc of America Securities, responsible for delivering capital market resources to middle market companies in South Florida. He received his B.S. degree in Finance from the University of Florida.
About CLB Partners, LLC
CLB Partners, LLC specializes in providing financial advisory and investment banking services to the middle market, an area traditionally under served by Wall Street investment banks. Specifically, CLB has partnered with several leading commercial banks and global financial institutions to bring its experience and expertise in mergers and acquisitions, capital structure analysis, enterprise valuation and strategic advisory to benefit middle market companies. Founded in 1991, the firm is headquartered in New York and maintains offices in Boston, Charlottesville and Ft. Lauderdale. For more information please call 631/425-0710 or visit the CLB Partners web site at www.clb-partners.com.
CONTACT: CLB Partners, LLC, Peter J. Hughes or Alex J. Abreu, 631/425-0710
Press Releases
01/24/2007 - CLB Partners invests in Fibro Chem.
09/15/2006 - CLB Partners advises on sale of Healy Systems, Inc. to Franklin Electric Co., Inc.
05/31/2005 - CLB Partners advises on sale of the Sweet Paper companies to United Stationers, Inc.
04/26/2005 - CLB Partners advises on sale of Anpesil LLC to Investor Group led by CLB Partners and certain members of the Pelaez family.
09/30/2004 - CLB Partners advises on sale of three dealerships from The Shelton Family of Dealerships to Automotive Management Services, Inc.
06/10/2004 - Alex Abreu Joined CLB Partners As A Managing Director, Leading Firm's Private Equity Effort
06/09/2004 - CLB Partners Announces Formation of Private Equity Fund
12/10/2001 - Paradise Retains CLB Partners to Explore Acquisition Opportunities
11/13/2001 - Breakneck Growth of PC Teach It Magazine Calls for Reedy River Press to Explore New Capital; CLB Partners Retained to Assist with Capital Sourcing
10/29/2001 - Computer Management Consultants Secures Multiple Contracts for New Wireless Interface Technology; OakScape e-Business Division Poised for New Growth
10/09/2001 - CLB Partners Announces Appointments of Elizabeth DeBiasi and Jonathon Grayson to Vice President; New Office Opens in Charlotte, NC
09/24/2001 - Computer Management Consultants to Explore Strategic Alternatives
