The M&A Advisor has honored Armory’s investment banking group, Armory Securities, with its annual M&A Deal of the Year Award in the sector award category ‘Utilities Deal of the Year’ for advising Cadiz, Inc. in the debt financing of the Cadiz Water Project.
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers,” said David Fergusson, Co-CEO and President, The M&A Advisor. “The award recipients represent the finest in the M&A industry in 2017 and earned these honors by standing out in a group of extremely impressive finalists.”
The 12th Annual Turnaround Awards honors the professionals whose activities set the standard for M&A transactions. This year, more than 250 participating companies were judged by an independent jury of industry experts to determine the ultimate recipients of the awards.
More About the Cadiz Water Project:
Armory served as Financial Advisor to Cadiz, Inc. as they entered into a strategic transaction with Apollo Global Management to initiate financial arrangements for the construction and implementation of the Cadiz Water Project. The Cadiz Water Project will transport conserved water from Cadiz’s private property in San Bernardino, CA to public water purveyors via a 43-mile pipeline to the Colorado River Aqueduct. The project will supply enough water each year to serve 400,000 Californians and is expected to create and support nearly 6,000 jobs.
For a complete list of M&A Advisor winners in other categories CLICK HERE.