New Entity Offers International Client Base “End-to-End” Solutions with Strategic Industry Advisory and Investment Banking Services
NEW YORK – February 27, 2017 – Seabury Capital LLC joined with Paul F. Richardson Associates (“PFRA”) to form Seabury PFRA LLC (“SPFRA”), a maritime-centric entity which offers a suite of comprehensive industry solutions utilizing the existing worldwide Seabury operating platform which will take over all business interests and executives from PFRA. Headquartered in New York City, the company will have offices throughout the U.S., Europe, South America, Africa and Asia.
SPFRA includes traditional maritime-oriented advisory core competencies such as operational analysis, strategic planning, financial evaluations, master and business planning, supply chain design/integration, transaction advisory, due diligence, market & competitive intelligence, economic impacts, asset optimizations, procurement, and industry technology applications.
This full range of advisory services will be united in a singular fashion with customary investment banking services to include merger & acquisitions, sales & divestitures, private placements, corporate valuations, strategic financial advisory, restructurings, as well as a defined merchant banking capability.
“Combining PFRA’s business with that of Seabury Capital will strengthen Seabury Capital’s long-established maritime finance investment banking capabilities while giving maritime clients a one-stop solution,” said Patrick Henry Dowling, Seabury Capital’s Senior Managing Director, Global Head of Seabury Investment Banking and Merchant Banking, and President and CEO of Seabury Corporate Finance. “We add an experienced management team which provides improved capabilities in delivering value to our respective client bases and their businesses.”
John E. Luth, Chairman, President, CEO and Founder of Seabury Capital, added: “The formation of SPFRA is a natural extension for the Seabury Capital group of companies. We see tremendous maritime-oriented capacity being added to our principal activities of advisory and investment banking, asset management and software and data products.”
Luth further elaborated that he is “very enthusiastic about the opportunities that SPFRA will have with our existing business lines such as our trade finance group at Seabury TFX, and our software and data company, Seabury Enterprise Solutions LLC, especially after reviewing the PFRA portfolio of work in the maritime sectors of infrastructure, technology applications and industry disrupters.”
Mr. Paul F. Richardson, Founder & President of Paul F. Richardson Associates, Inc., and an industry icon given his association with the start of containerized shipping noted: “I am very proud of the client accomplishments and relationships that endured at PFRA, and I am confident that they will carry on in the same fashion under the SPFRA banner given its extensive industry offerings and coverage.”
Mr. Luth will serve in the capacity as Non-Executive Chairman of SPFRA. Mr. Richardson will serve in the capacity as Chairman Emeritus at SPFRA.
SPFRA will be led by two industry professionals, with Mr. Edward M.A. Zimny assuming the role of President & CEO, and with Henry W. Juan III, as Managing Director of the new venture. Mr. Zimny has been associated with PFRA since 1994, directing advisory assignments on a global basis for a complete host of industry stakeholders. He has held postings in Asia, Europe and South America, and prior to his work with PFRA was employed by Royal Nedlloyd Group, Crowley Maritime Corporation, and SeaLand Services. Mr. Juan is an investment banker, attorney and trusted advisor focused predominately in maritime/infrastructure investment banking and advisory roles. He has been associated with Bankers Trust Company, Bear Stearns, Credit Lyonnais and Young America Capital.
Paul F. Richardson Associates, Inc. was founded in 1977 with the firm successfully delivering advisory assignments for international and domestic corporations, ocean, air and rail carriers, port authorities, terminal operators, labor unions/management, financial institutions, infrastructure developers, government agencies and legal counsel.
ABOUT SEABURY CAPITAL
Seabury Capital LLC is a global firm founded in 1995 with professionals on five continents and 15 countries covering transportation related companies. The company has partnered with more than 300 clients located in more than 50 countries on more than 1,300 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology.
Seabury Capital LLC owns and operates a number of specialty finance companies providing innovative cross-border financing for trade receivables, as well as insurance-backed auto service and financial obligations. Seabury Capital also owns software companies providing enterprise solutions, and a range of electronic trading capabilities in the foreign exchange markets, as well as specialty green-technology companies in the metals refining and explosives industries. www.seaburygroup.com