Morgan Keegan and Spectrum Capital Forge Alliance

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Morgan Keegan and Spectrum Capital Forge Alliance

12/19/2002
MEMPHIS -- During the past two years, many large, well-run convenience store and restaurant operators have become sidetracked because of problems engendered by debt-fueled growth strategies according to Randy Karchmer, a Morgan Keegan Managing Director.

As a result, his company announced today it would be forming an alliance with Albuquerque, N.M.-based Spectrum Capital Group LLC to offer banking services to distressed c-store chains.

"As investment bankers, our job is to find solutions that help our clients resolve the financial impediments to their growth and operating strategies," Karchmer said. "Sometimes this is about raising capital and assisting in mergers and acquisitions. Today, however, in many cases restructuring can provide operators with the best strategies for maximizing value by resolving issues arising from the right side of the balance sheet."