Stephen Cork discusses the benefits of Smith & Williamson's presence in North America and Central Europe.
Smith & Williamson's Restructuring & Recovery Services team further strengthened its international presence when it established a joint venture with CRG Partners, a leading turnaround and restructuring services firm, in April this year.
Headquartered in New York, CRG Partners has seven other offices in the US – Atlanta, Bethesda, Boston, Charlotte, Chicago, Dallas and Los Angeles – as well as an office in Vienna. The company was formed in July 2007 through the amalgamation of leading firms TRG (The Recovery Group, Inc.) and CRP (Corporate Revitalization Partners, LLC). Today, CRG Partners is one of the largest turnaround and crisis management firms in the US.
Smith & Williamson's Restructuring & Recovery Services team is enthusiastic about the opportunities arising from this joint venture. It will enable us to increase substantially our access to North American resources and further our ability to serve our clients with a broader array of consulting services.
In fact, Michael Epstein, a managing partner at CRG Partners, is already experiencing an increase in workload as a result of the US sub-prime crisis. He has welcomed access to Smith & Williamson's expertise stating that CRG Partners will continue to meet the ever-increasing demand of its North American clients with overseas activities, as well as those of its European-based clients.
Smith & Williamson has recently expanded into the Caribbean, with offices in the Cayman Islands and the British Virgin Islands. Smith & Williamson and CRG Partners will together be able to offer a comprehensive suite of restructuring services including turnaround consulting, interim management, crisis management, performance improvement, and financial restructuring and advisory services from Europe to the US.
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