SierraConstellation Partners Announced as Winner of the 17th Annual Turnaround Awards
LOS ANGELES–(BUSINESS WIRE)–The M&A Advisor announced the winners of the 17th Annual Turnaround Awards. SierraConstellation Partners (“SCP”) was named a winner for the Sale of the Year (over $100MM) for their work on the sale of The One in Bel Air. The awards will be presented at a black-tie awards gala on Wednesday, March 22, 2023 at The Colony Hotel in Palm Beach, Fla.
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. SCP was chosen from hundreds of participating companies to receive the award. It gives us a great pleasure to recognize SCP and bestow upon them our highest honor for distressed investing and restructuring firms and professionals,” said Roger Aguinaldo, Founder and CEO of The M&A Advisor. “SCP represents the best of the distressed investing and reorganization industry in 2022 and earned these honors by standing out in a group of very impressive candidates.”
The property, which was once expected to become America’s most expensive home, went into bankruptcy in October 2021. After the property was placed into bankruptcy, Larry Perkins and SCP were brought in to manage the sale of the property for the owners. The One was sold for $141 million at auction.
“Working on a project the size of The One is no easy task and the success of the sale speaks to the incredible work of SCP, as well as our partners in the sale process,” said Larry Perkins, founder and CEO of SCP, who worked on The One. “We are honored to be recognized by The M&A Advisor for our work on this very unique case and I am appreciative to the whole team for their steadfast commitment to this turnaround project.”
The Awards Gala is a feature of the 2023 Distressed Investing Summit. The Summit will take place on March 21-22, 2023 and will host over 150 of the industry’s leading professionals participating in exclusive interactive forums, sessions, roundtable discussions, and one-on-one meetings led by a faculty of restructuring industry stalwarts. For an event profile, CLICK HERE.
For a complete list of winners CLICK HERE.
About SierraConstellation Partners LLC
SierraConstellation Partners LLC (SCP) is a national interim management and advisory firm headquartered in Los Angeles and has professionals in Boston, Chicago, Dallas, Florida, Houston, New York, and Seattle. SCP serves middle-market companies and their partners and investors navigating their way through difficult business challenges. Our team’s real-world experience, operational mindset, and hands-on approach enable us to deliver effective operational improvements and financial solutions to help companies restore value, regain creditor confidence, and capitalize on opportunities.
As former CEOs, COOs, CFOs, private equity investors, and investment bankers, our team of senior professionals has decades of experience operating and advising companies. For more information, please visit www.sierraconstellation.com.
THE M&A ADVISOR
Now in its 24th year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry’s leading media outlet in 1998. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisition, restructuring and corporate finance professionals, delivering a range of integrated services from offices in New York and London. www.maadvisor.com.
The M&A Advisor