The fiscal turnarounds of Benco, Inc. of Fairfield, and EZ Mailing Services, Inc. of Elizabeth, have earned Chris Carey Advisors the honor of “Turnaround Consultant of the Year” by M&A Advisor, the renowned leadership organization for restructuring, M&A and financing professionals.
Benco, tri-state specialists in building materials and installation services, in 2012 suffered significant losses and negative net worth. With Chris Carey Advisors’ turnaround expertise, the company grew 500 percent with annual bookings in 2017 in excess of $10M and a substantial profit with significant accumulated shareholders equity.
EZ Mailing provides store delivery services to leading retailers, long haul trucking and small parcel shipping services throughout the U.S. After the company filed for Chapter 11 in 2016, Chris Carey Advisors helped the firm transition to profitability: In 2017, EZ Mailing reaped $43M in revenue and $3M EBITDA and has won business from retail giants such as Amazon, Forever 21, H&M and Phillips-Van Heusen.
The EZ Mailing turnaround earned Chris Carey Advisors the “Chapter 11 Reorganization of the Year” award from M&A Advisor in 2017 and “Turnaround of the Year” by the Global M&A Network as the best value-creating restructuring transaction for 2016. In addition, Founder Chris Carey has been named “Entrepreneur of the Year” by New Jersey magazine and “Small Business Philanthropist of the Year” by the Community Foundation of New Jersey. He also has been featured in numerous business periodicals, including Business Week, Forbes, Inc., The New York Times and The Wall Street Journal, and is a frequent speaker at high-profile industry and business conferences.
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