NEW YORK, July 21, 2009 — MidCap Advisors, LLC, a New York-based investment bank that serves mid-sized, privately-held companies nationwide, announced today the addition of Jim Pringle as Director in its newly opened office in Austin, TX.
Douglas Hendrickson, Co-Founder of MidCap Advisors, said, "We are delighted to have Jim join us and expand the services MidCap Advisors provides to business owners in the Austin area and throughout Texas. Jim has advised on many deals in the manufacturing, business services and textile sectors, and is widely respected by clients and fellow advisors alike. The extensive experience he brings to MidCap will provide significant benefits to our clients."
Mr. Pringle joins MidCap Advisors from the Austin-based firm Capitol Business Advisors, where he spent the last seven years providing merger and acquisition advisory work and helping business owners sell their companies.
"I am very pleased to have the opportunity to join an outstanding team and to build on MidCap's track record and reputation," said Mr. Pringle. "At a time of uncertainty in the markets, the need for high-quality, objective advice has never been greater. I look forward to bringing MidCap's Total Client Services to business owners to help them understand their options in this challenging economy."
Jim Pringle is an experienced M&A advisor, former business owner and entrepreneur. Mr. Pringle has bought, built and sold over a dozen companies in the past 20 years. Before becoming an M&A advisor Jim was the founder of the Original Austin Shirt Company and built it into one of the largest textile screen printing companies in Texas, designing and manufacturing custom apparel sold through grocery and drug store chains throughout the United States. In 1992 the company was recognized as one of the Top 100 Screen Printers in the United States. Jim sold this company to East Texas Distributing, a strategic buyer, at the peak of the market.
MidCap Advisors, LLC is a boutique investment banking firm that provides innovative and results-oriented merger & acquisition, strategic planning, business valuation, capital raise, and exit planning services to small and mid-size companies. With offices in New York, Chicago, Connecticut, Nevada, and now Texas, 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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