NEW YORK, July 20, 2009 — MidCap Advisors, LLC, a New York-based investment bank that serves mid-sized, privately held companies nationwide, announced today the addition of Steve Champlin as a Managing Director and head of MidCap's gaming and entertainment specialty practice group in its newly opened office in Las Vegas.
"With a solid background advising and representing both restricted and non-restricted gaming companies, Steve Champlin is well-suited to build on MidCap's experience and expand its offerings in the gaming and entertainment industries," said John Poppe, Partner and Co-Founder of MidCap Advisors. "The current market turmoil continues to provide greater opportunities to further develop the scope and capabilities of our firm. Gaming and entertainment represents another new sector for us and one where we expect considerable M&A opportunities in the near future. We are very excited to have Steve head his important initiative for MidCap."
Mr. Champlin will be focusing on both gaming properties and the manufacturing and service companies that supply or serve the gaming industry.
"We believe that consolidation will continue and that companies in the gaming and entertainment industry with a compelling platform will ultimately emerge even stronger. I am excited to partner with MidCap and believe now is a time when we can step alongside business owners as they confront and adapt to these changing economic conditions," said Mr. Champlin. "As a business owner who sold his company, I know firsthand how important it is to have a good investment banker at your side as you consider all of your options."
Mr. Champlin advises owners of restricted and non-restricted gaming companies in Las Vegas, Reno and nationwide. Steve has been involved in many restricted gaming transactions and has represented casino owners and slot route operators on the sale of their businesses. In addition to gaming and manufacturing, Steve has direct experience with social media and networking companies as well as energy drink manufacturers. Prior to becoming an investment banker, Steve led the management buyout of a mid-sized metal fabrication company, more than doubled the company's revenues and sold the company to a strategic buyer at the peak of the market.
MidCap Advisors, LLC (MidCap) is a boutique investment banking firm that provides innovative and results-oriented merger & acquisition, business valuation, exit planning, and capital raising services to small and mid-size companies. With offices in New York, Chicago, Connecticut, Texas, and now Las Vegas, MidCap serves clients nationwide.
For further information about MidCap Advisors, please visit http://www.midcapadvisors.com or contact:
Richard Jackim, Managing Director
Email
Direct: (224) 513-5152
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