NEW YORK, July 26, 2016 (GLOBE NEWSWIRE) — Stonybrook Capital, an affiliate of FINRA-member Weild & Co., acted as advisor to Auster Capital Partners in connection with its sale of Assure Space.
“Stonybrook was instrumental in helping us think through the strategic alternatives for this business and ultimately lead, drive, and negotiate the sale of the business,” said Auster Capital Partners Managing Partner, Chuck Auster. Auster Capital Partners (“ACP”) is a targeted Venture Capital/Private Equity firm with a specialization in small and mid-tier companies in high growth markets. ACP’s proven strategy of providing growth capital to lower middle market companies by leveraging its operational expertise, coupled with a trusted international network, is the proven recipe for smart investing.
“We are especially pleased to have been selected for this assignment by ACP and greatly appreciate the opportunity to work with a widely recognized leader, such as Richard Parker, in the specialty insurance industry,” said Andrew Ward, Vice President of Stonybrook Capital. “I could not be more pleased with the progress of our firm. The commitment of our clients, owners, partners, and team – the growth in the number of projects and assignments in which we are involved – it all just seems to get greater and greater every month. In addition, this particular transaction is a manifestation of our successful joint venture with AHJ Capital Markets in London,” said Joe Scheerer, Principal and Managing Director of Stonybrook Capital.
Stonybrook is a strategic advisory and investment-banking firm located in New York that specializes exclusively on the insurance and reinsurance industry. The Company advises clients on mergers and acquisitions, raises equity and debt capital, restructurings, valuation analyses, market finding and analyses of strategic alternatives, among others. Securities transactions are executed through Weild & Co., member FINRA | SIPC. For more information, visit our website: www.stonybrookcapital.com
Corporate contact:Joseph M. Scheererjoseph.scheerer@stonybrookcapital.com