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Peter W. Colmer
Peter W. Colmer is a 1970 Magna Cum Laude graduate of Princeton University, with an A.B. degree in History and Economics. After graduating from Princeton and teaching at a private high school for two years, he was employed as a commercial banker at The First National Bank of Atlanta (now part of Wells Fargo/Wachovia Bank) in 1972. Initially assigned to the Management Development Department, he was moved to a group known as Industrial Loans and Leasing in 1975, concentrating on business development and credit underwriting for the Bank's term loan products.
In 1978, Peter Colmer and another individual formed Southern Capital Savings Corporation, originally for the purpose of providing advisory services to equipment vendors and middle market companies for their leasing and term debt requirements. Over time, the service offerings expanded to include advisory services related to early stage financings, leveraged buyouts, and other complex corporate finance transactions. Southern Capital completed numerous financings for vendor-related programs, foreign owned entities, and health care organizations in the southeastern United States.
After selling his share of Southern Capital Savings Corporation to his partner in 1985, Peter Colmer joined Space Master International, a client company, as a Vice President with operating responsibility for the Bid Department and Bank Relations. This company had a nationwide presence in the mobile office and modular building business and was a growth company with aggressive capital requirements; Mr. Colmer helped arrange major strategic financings to allow this growth to continue despite a minimal equity base.
In 1988, Peter Colmer formed Colmer and Company, which ultimately became the foundation for Finley, Colmer and Company. This firm was organized to provide financial advisory services as described above, with an increased emphasis on troubled and under-performing companies. Since 1988, Peter Colmer has worked on more than 250 client engagements including refinance and capital formation projects, restructuring advisory and interim management assignments, and merger and acquisition mandates. He has been responsible for completed transactions whose aggregate value exceeds $1 billion.
Representative companies for whom Peter Colmer has provided consulting and advisory services include:
Blossman Gas, Ocean Springs, MS - Refinance / Capital Formation / Member, Board of Directors
Materials Analytical Services, Inc., Atlanta, GA - Corporate Finance Advisory / Member, Board of Directors
Knud Nielsen Company, Inc., Evergreen, AL - Debt Restructure Advisory
Colanna's Shipyard, Norfolk, VA - Refinance
IWS/Cauley Creek, Atlanta, GA - Project Finance
The Myers Group, Atlanta, GA - Mezzanine Financing
The Henssler Financial Group, Atlanta, GA - Corporate Finance Advisory
Southern Produce, Faison, NC - Refinance
G&L Marble, Winston, GA - Restructure Advisory
Jennings Builders Supply, Cashiers, NC - Restructure Advisory
Steel Service Corporation, Jackson, MS - Operational Assessment
Meadowcraft, Inc., Birmingham, AL - Refinance
Birmingham Steel Corporation, Birmingham, AL - Capital Restructure Advisory
Oris Automotive Parts AL, Ltd., McCalla, AL - CRO
Hunjan Moulded Products (Alabama) Ltd., Anniston, AL - CRO
Linden Lumber, Linden, AL - Advisory/Distressed Sale
Wellington Leisure Products, Madison, GA - Sale of Hunting Division
Citation Corporation, Birmingham, AL - Bankruptcy Advisory
Northwest Imaging, Shreveport, LA - Sale Mandate
Global Ship Systems, Savannah, GA - Expert Report
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Marcus A. Watson
Marc Watson is a 1972 graduate of The University of Arkansas, where he earned his degree in Business Administration with a concentration in Accounting. He holds a Masters in Business Administration with Accounting and Finance concentrations from the University of Arkansas, granted in 1973. Marc is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants, the Petroleum Accountants Society, and the Georgia Society of Certified Public Accountants.
Marc Watson specializes in providing consulting services to companies who are actively engaged in mergers and acquisitions and financially troubled companies engaged in financial restructuring or bankruptcy proceedings.
Upon graduation from the University of Arkansas, Marc Watson joined Ernst & Young, participating in numerous audit engagements for a variety of public and private companies. In 1979, Marc Watson accepted the position of chief administrative officer for Amarex, Inc., a publicly held company engaged in oil and gas exploration. During his tenure with Amarex, he managed all phases of financial administration including planning, treasury, and accounting functions. In 1982, Marc Watson was appointed chief financial officer of Amarex as part of an effort to financially restructure the Company and its subsidiaries. Marc Watson remained with Amarex until reorganization proceedings were completed in 1986.
Marc Watson rejoined Ernst & Young's consulting staff in 1987 and became a partner in the Restructuring and Reorganization Group in 1990. He was primarily involved in providing reorganization services to both creditors and debtors in reorganization situations. These services included the preparation and negotiation of debtor reorganization plans for operating companies engaged in retail, oil and gas, manufacturing and transportation industries. Marc Watson has also provided services to the Bankruptcy Court in cases where Ernst & Young was appointed as an examiner or engaged to assist Trustees in their efforts to recover assets of bankrupt estates. He has also assisted real estate companies and lending institutions in their efforts to renegotiate non-performing real estate loans.
Marc Watson joined Finley, Colmer and Company in 1994 to provide not only consulting services to operating companies but also crisis management services in situations where companies face financial disaster. A list of some of the workout transactions in which Marc Watson has provided consulting services for various parties of interest are as follows:
American Carriers, Inc. - Bank
Countrywide Transportation, Inc. - Bank
Crowfoot & Barrett, Inc. - Bank
Greyhound Lines, Inc. - Bank
Hunt Trust Estates - Bank
Southland Corporation - Bank
Brendle's Stores, Inc. - Committee
C.R. Anthony - Committee
Leeds Building Products - Committee
Lomas Financial Corp. - Debtor
LTV - Debtor
MCorp - Debtor
Southmark, Inc. - Debtor
ETS Pay Phones, Inc. - Debtor
Peachtree Natural Gas, LLC - Debtor
A list of workout transactions where Marc has provided management and reorganization services are as follows:
Wellington Leisure Products, Inc. - CEO/CRO
Meadowcraft, Inc. - President/CRO
Rite Industries, Inc. - CFO/CRO
MManTec, Inc. - Trustee
Advanced Rehab, Inc. - CRO
Kershaw Manufacturing - CRO
Crescent Airways, Inc. - CRO
Lummus Gin Corporation - CRO
Shepherd Construction Co. - CRO
National Bus Sales & Leasing - CRO
DMK Entertainment - CRO
Pike Nursery Holding, LLC - Trustee
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James R. Jennings
Jim Jennings has been affiliated with Finley, Colmer and Company since 1997. He brings vast experience to the firm in the areas of mergers and acquisitions as well as working with companies that are in need of help in restructuring and/or bankruptcy proceedings. At Finley, Colmer and Company, Jim has assisted in the recovery and liquidation of assets of bankrupt estates, formulating reorganization and restructuring plans, undertaking forensic accounting investigations, preparation of Plan and Disclosure Statements, and preparation of Monthly Trustee Reports.
Jim has 18 years experience as a CPA, is a graduate of the Michigan State University Business School with a concentration in Finance, and received his Master of Taxation degree from Georgia State University in 1993.
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Paul E. Altherr
Paul Altherr joined Finley, Colmer and Company in 2009. Paul brings more than 30 years of experience and skills to Finley, Colmer and Company including financial auditing, financial and management consulting, business development, operations, and litigation support services. His 16 years with Ernst & Young included serving as Partner-in-Charge of the Southeast Region Litigation Services practice. During his 10 years with The Coca-Cola Company, Paul's assignments included senior roles in business development, corporate marketing, general management, and human resources leadership. Paul also served as the Chief Operating Officer of the Art Gallery of Ontario, the 8th largest art museum in North America. At both Coca-Cola and the Art Gallery of Ontario, Paul led and participated in turnaround assignments.
Paul has assisted litigators to review, analyze, interpret and understand financial and operational information in complex business disputes. He has also estimated damages. Paul has experience with contract disputes, business torts, investigative matters, and matters related to bankruptcy law. He has testified in deposition and trial venues.
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