EXECUTIVES ACQUIRE DEWE ROGERSON'S PROXY DIVISION; FORM MACKENZIE PARTNERS, INC.
EXECUTIVES ACQUIRE DEWE ROGERSON'S PROXY DIVISION; FORM MACKENZIE PARTNERS, INC. NEW YORK, Feb. 13 /PRNewswire/ -- Daniel H. Burch, Neil J. Call and Mark H. Harnett, formerly senior executives with Dewe Rogerson Inc.'s Proxy/M&A Division, announced today that they have reached an agreement under which they have acquired the existing proxy business of Dewe Rogerson Inc. and have formed MacKenzie Partners, Inc. Burch will serve as president and chief executive officer of MacKenzie Partners. Call and Harnett were named executive vice presidents. The three executives -- who founded Dewe Rogerson's Proxy Division in January 1990 -- are the principal shareholders of the firm. Other MacKenzie Partners officers include Stanley J. Kay, Jr., senior vice president, Jeanne M. Carr, vice president and Joseph P. Doherty, vice president. Burch commented, "All of us at MacKenzie Partners are extremely enthusiastic about the opportunities at this time for a firm specializing in Proxy/M&A services. Though we are currently in one of the slowest periods for tender offers that I have seen in my 19-year career, there has also been a tremendous demand for work in bankruptcy and restructuring deals. We also foresee a continued growth in pure, strategic corporate acquisitions -- such as Groupe Schneider's purchase of Square D in which we participated last spring." "Corporate governance issues," Burch continued, "are an increasingly important priority for both CEO's at many leading publicly held companies and for investment executives at the large pension funds, banks and other institutions. MacKenzie Partners is actively providing advice and guidance for clients involved with these crucial issues." Burch concluded, "We look forward to expanding the reputation we have built over the years for tackling the most complex corporate transactions. Our approach is to work closely with our client and its legal and financial advisors to find creative solutions and to deliver the desired results -- even under the most difficult circumstances." MacKenzie Partners offers a full complement of services in shareholder and debtholder solicitations, tender and exchange offers, proxy contests, consent solicitations, corporate governance consulting, stock surveillance, bankruptcies, reorganizations and financial media relations. -0- 2/13/92 /CONTACT: Stanley J. Kay or Daniel H. Burch of MacKenzie Partners, 212-688-4244/ CO: MacKenzie Partners, Inc. ST: New York IN: FIN SU: TNM
JT-OS -- NY094 -- 9954 02/13/92 16:58 EST
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|Date:||Feb 13, 1992|
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