February 10, 2014
On January 22, 2014, Kelley Drye was named the winner of the 8th Annual M&A Advisor Turnaround Award for the “Retail Manufacturing/Distribution Deal of the Year” in connection with the firm’s representation of Royal Appliance Mfg. Co. in its acquisition of substantially all of the assets of vacuum cleaner manufacturer Oreck Corporation and its affiliates, in a sale under Section 363 of the Bankruptcy Code.
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. Kelley Drye was chosen from over 500 participating companies to receive the award. It gives us great pleasure to recognize Kelley Drye and bestow upon them our highest honor for distressed investing and reorganization firms and professionals,” said David Fergusson, President, The M&A Advisor. “Kelley Drye represents the best of the distressed investing and reorganization industry in 2013 and earned these honors by standing out in a group of very impressive candidates.”
The Kelley Drye team included partners Bruce R. Kraus, Andrea L. Calvaruso, Barbara E. Hoey, special counsel Benjamin D. Feder and associates Gilbert R. Saydah Jr. and Levi M. Downing.