CMG Named Finalist for "Private Equity Deal of the Year"

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October 21, 2019

Carter Morse & Goodrich ("CMG") is proud to announce that the recapitalization of AG Adjustments, Ltd (“AGA”) with Trivest Partners LLC (“Trivest”) was named as a finalist for the M&A Advisor – Private Equity Deal of the Year ($25 million - $50 million). CMG served as the exclusive financial advisor to AGA and the Gerstel family on this transaction.

This is the third nomination for CMG in 2019. Earlier in the year CMG was awarded the International Deal of the Year by M&A Advisor earlier in the year for a sale of an industrial company to a Canadian buyer and was nominated for the Corporate Transaction of the Year for its work with Watson Foods in its sale to Glanbia Nutritional.

The M&A Advisor is the preeminent organization recognizing excellence, honoring achievement, presenting thought leadership and facilitating connections among the world's leading dealmaking professionals.

"Today's geopolitical climate presents our industry professionals and the businesses they serve with unique challenges," said Roger Aguinaldo, founder of The M&A Advisor. "This year's finalists exemplify the fortitude, perseverance, and ingenuity required not only to get the deal done but to excel in the field of mergers and acquisitions."

"We are honored to be recognized again by our peers in connection with this prestigious award.  We are proud that the quality advice we provide family business owners is recognized among this distinguished set of nominees." said Terence Hannafin, Managing Director at CMG.

Other advisors include Finn Dixon & Herling LLP as legal counsel to AGA and Fiondella, Milone and LaSaracina LLP as the Company’s accounting and tax advisor.

This year's winners will be announced at the 18th Annual M&A Advisor Awards Gala on Tuesday, November 19 at the New York Athletic Club in New York City.

About AG Adjustments, Ltd.  

Founded in 1972 by Al Gerstel, AGA is a leading accounts receivable management firm focused on third party commercial (B2B) collections of past due receivables for both Fortune 1000 and medium-sized companies across multiple verticals. Since 1990, Robert Gerstel (CEO) and Marc Gerstel (President), second generation owner-operators of AGA, have continued to build upon their father’s legacy and transformed the Company into a true leader in the commercial collections industry. The Company’s comprehensive and proven collections process is managed by a highly experienced team of industry certified collectors and enhanced further by robust technology capabilities.

About M&A Advisor

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities. Over the past 21 years, it has established the premier global network of M&A, turnaround and finance professionals. Today, it has the privilege of recognizing the achievements of and facilitating connections between the industry's top performers throughout the world with a comprehensive range of services. To learn more visit

About Carter Morse & Goodrich:

Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that represents family-held and founder-led businesses valued between $20 million and $200 million.  

CMG specializes in helping owners of leading companies in unique and niche markets plan, prepare, execute and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held and family businesses and the importance of their legacies.

While CMG provides a full range of investment banking services, our primary focus is representing sellers who are pursuing their once-in-a-lifetime M&A transactions.  

For more than 30 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners.

We invite you talk with us and learn how we can help you. For more information, please visit us online at:

CMG's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC.

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