Seabury Capital and Paul F. Richardson Associates Create Global Maritime Advisory and Investment Banking Offering
February 24, 2017 | Seabury Capital Original Press Release
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 Maritime PFRA LLC (“SMPFRA”), 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 SMPFRA 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 SMPFRA 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 SMPFRA banner given its extensive industry offerings and coverage.”
Mr. Luth will serve in the capacity as Non-Executive Chairman of SMPFRA. Mr. Richardson will serve in the capacity as Chairman Emeritus at SPFRA.
SMPFRA 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.