22Jan 2013

Marcum Cronus Partners LLC (Marcum Cronus) is pleased to announce it acted as the exclusive financial advisor to Integrus Holdings, Inc. (Integrus) in the equity recapitalization of the company, creation of an Employee Stock Ownership Plan (ESOP), and sale of $6.2 million of convertible preferred stock. Marcum Cronus assisted in every aspect of the transaction, including the valuation of the company and securities, management of the transaction, negotiation with the existing stakeholders and creditors of the company, structuring of the convertible preferred securities that were issued by the ESOP, and identification of the Trustee and negotiation with its legal and valuation representatives.

“The refinancing and restructuring of our company was an important and complex transaction, and the support of Marcum Cronus was vital to a smooth process and successful conclusion,” said Scott Hamberger, Co-President and Chief Executive Officer of Integrus.

Integrus Holdings is a diversified holding company that owns and operates a producer and marketer of leading brands of dinnerware, metalware and glassware that are sold to high-end hospitality consumers (including hotels, casinos, restaurants and cruise ships) and to the high-end retail trade (including specialty stores, chain stores, department stores and internet retailers). The company designs products and markets brands that have become identifiable in these sectors for high quality and are supported by excellent customer service.

About Marcum Cronus Partners

Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Marcum Cronus Partners is an investment banking firm that provides financial advisory and other investment banking services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. Winner of the Association for Corporate Growth’s 2012 Boutique Investment Bank of the Year Award, Marcum Cronus is an affiliate of Marcum LLP, one of the largest independent public accounting and advisory services firms in the U.S. (with 23 offices and more than 1,100 professionals).

For further information please contact:

Marcum Cronus Partners LLC
Director of Marketing and Business Development