Firm recognized for $190 million recapitalization of JDC Power Systems
NEW YORK – December 12, 2024 – Carl Marks Securities, an affiliate of middle market investment bank Carl Marks Advisors, today announced its receipt of Utilities Deal of the Year at the 23rd Annual M&A Advisor Awards, hosted by the M&A Advisor during the 2024 Future of Dealmaking Summit.
At the awards ceremony held at the New York Athletic Club, The M&A Advisor recognized Carl Marks for its exceptional work guiding JDC Power Systems (“JDC” or the “Company”), an industry-leading provider of mission-critical power solutions to the data center market, through a $190 million recapitalization of the Company with private equity firm Madison River Capital.
The M&A Advisor Awards acknowledges excellence in deal-making, restructuring, and financing. The 2024 M&A Advisor Awards saw more than 500 companies participate, celebrating the contributions of the industry’s leading firms and professionals.
“We are very proud to be among those honored at the 23rd Annual M&A Advisor Awards and acknowledged for our engagement with JDC Power Systems,” said Warren Feder, Partner at Carl Marks Advisors. “During our engagement with JDC, we identified a partner in Madison River Capital to extend the twenty-four-year legacy of the Company and capitalize on the rapid rise of artificial intelligence and growing need for data centers. This award is a reflection of the team’s hard work and dedication to working with closely held businesses.”
