Boston, MA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised CRG Partners on its acquisition by Deloitte. Deloitte has acquired substantially all of the assets of CRG Partners to grow its financial restructuring, turnaround management and bankruptcy reorganization capabilities. Terms of the deal were not disclosed.
Prior to the acquisition, CRG Partners was a New York-based, leading provider of operational and financial restructuring services, specializing in creating value for the stakeholders of underperforming companies. In 2010, CRG Partners was the recipient of the Turnaround Management Association’s Mega Company Turnaround of the Year Award for its work with Pilgrim’s Pride Corporation. CRG Partners is also credited with successfully managing Major League Baseball’s Texas Rangers through its bankruptcy and sale.
Collectively, the member firms of Deloitte Touche Tohmatsu Limited have more than 1,000 professionals providing restructuring services and are repeatedly ranked as one of the top global non-investment bank bankruptcy advisors by The Deal.