MACCO GROUP AND ALGON GROUP ANNOUNCE STRATEGIC ALLIANCE
HOUSTON, July 28, 2025 /PRNewswire/ — MACCO Restructuring Group, an award-winning, Houston-based national business restructuring and financial advisory firm, today announced a formal strategic alliance with the Algon Group, a leading boutique financial advisory and restructuring firm for complex and bet-the-company matters based in Miami, Florida.
This alliance underscores MACCO's continued commitment to delivering innovative, high-impact solutions to its clients and partners. By combining Algon's 'transaction focused' approach with MACCO's 'capital-efficient solutions' and leveraging the deep expertise of both firms' professionals, the partnership creates a distinctive and powerful resource for distressed businesses across industries, particularly in real estate and hospitality.
'This is a distinctive and highly powerful combination of restructuring forces that includes exceptional business leaders, gifted financial professionals and accomplished investment bankers who can tackle, literally, the largest, most complex and challenging assignments across the world,' said Drew McManigle, Founder and CEO of MACCO.
The Algon Group, founded in 2002, is a nationwide firm, providing distressed M&A/advisory and business restructuring services for both U.S. and international businesses. The firm has substantial restructuring expertise in both in and out of court transactions that resolve troubled debt situations for debtors, creditors, and lenders alike. Similar to MACCO's team, its senior leaders have served as both interim executives (CEO, President, CRO, CFO) and as independent board members to companies under operational and financial duress. With over $5 billion in successful real estate and hospitality restructuring, Algon is the preeminent firm for maximizing returns for real estate stakeholders.
'We believe the blend of MACCO's broad industry knowledge, incredible leadership and relationships throughout the middle-market sector combined with our sophisticated financial expertise and dedication to achieving success under any circumstances makes the Algon and MACCO alliance the 'Seal Team Six' for businesses in distress,' stated Troy Taylor, founder and President of the Algon Group.
McManigle concluded, 'Together MACCO and Algon, with our award-winning approach to business restructuring, empowers us to provide agile solutions and decisive actions which enables us to 'put out the fire and protect the stakeholders from getting burned'.'
Media Contact:Leanna Haakonsleanna@macco.group604-626-2222
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
4 hours ago
- The Sun
Bog Apple: NYC discovers stand-alone toilet pods
NEW YORK: Faced with closed restrooms, vandalized facilities and lavatory deserts, New Yorkers and visitors to the city alike confront a host of hurdles to relieve themselves when out and about. In its latest efforts to combat this problem, the Big Apple has turned to a Portland-based company that designs modular public conveniences it claims are city-proof. The products, dubbed 'Portland Loos,' are the brainchild of Madden Fabrication and have garnered something of a cult following around the versatile, kiosk-like facilities which the company says are far cheaper than traditional toilet buildings. Such public toilet pods have already been installed in 250 locations throughout the United States. New York has pledged to build 49 new public bathrooms by 2029 to combat the lack of toilets across the five boroughs. Currently, there are approximately 1,100 public conveniences for the megacity's 8.4 million people, according to official estimates. - 'Simple but durable' - The city will spend $150 million on building new restrooms and renovating 36 existing sites. At the $200,000 unit installed in the Bronx's Joyce Kilmer park, two blocks from Yankee Stadium baseball park, bystanders eyed the new fixture with interest. One man accidentally activated the hand dryer, part of a sink fitting located on the outside of the booth. A spokesman for the company described the design as 'simple but durable,' with the basin placed outside in order to keep people moving and avoid a 'hotel effect.' 'Hell yeah, we haven't had a bathroom in this area in forever,' said lifelong Bronx resident Carlos Lopez, describing discrepancies in public restroom access between lower-income and wealthier neighborhoods. For the five trial units ordered, New York insisted on a higher grade of stainless steel and other modifications to meet strict planning rules. Street photographer Elijah Dominique, who lives near the park, said public bathrooms were especially important for unhoused people. 'We've got a lot of homeless people in this area,' Dominique said. 'Those are the people who really need these bathrooms. It's good for them -- and for us too so that we're not stepping in (waste) on the sidewalks. Nobody wants that.' - Reuters
The Star
5 hours ago
- The Star
Delta will not use AI to set personalized ticket prices
FILE PHOTO: A Delta Air Lines Boeing 737-800 plane sits at the gate at LAX airport in Los Angeles, California, U.S., April 1, 2018. REUTERS/Lucy Nicholson/File Photo WASHINGTON (Reuters) -Delta Air Lines said Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from U.S. lawmakers. Last week, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believe the Atlanta-based airline would use AI to set individual prices, which would "likely mean fare price increases up to each individual consumer's personal 'pain point.'" Delta has said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025 in partnership with Fetcherr, an AI pricing company. "There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data," Delta told the senators in a letter Friday seen by Reuters. "Our ticket pricing never takes into account personal data." (Reporting by David Shepardson; Editing by Chizu Nomiyama )
Borneo Post
14 hours ago
- Borneo Post
RM13 million agriculture, livestock projects launched to boost food security
Arthur (centre) with the MoU signatories. KOTA KINABALU (Aug 1): The signing of three Memorandums of Understanding (MoUs) between various parties here today marks the launch of agriculture and livestock projects worth RM13 million, aimed at enhancing sector growth and strengthening the country's food security. The first MoU, between the Farmers' Organization Authority (LPP) and Desa Keningau Livestock Industries Sdn Bhd (DKLI), involves a project to boost local grain corn production through a corporate approach and transfer of technology (ToT). Under the five-year partnership, LPP will provide land development and machinery support using a matching grant of RM3 million, while DKLI will oversee planting, planning and implementation. The second MoU, between the Keningau Area Farmers' Organisation (PPK) and Absolute Moringa Sdn Bhd, focuses on a RM10 million agricultural input marketing initiative. This collaboration aims to enhance PPK's services in Sabah by supplying higher-quality agricultural inputs to increase yields and improve business operations. Meanwhile, the third MoU was signed between LPP and Sawit Kinabalu Farm Products Sdn Bhd (SKFP) for a ToT-based integrated cattle breeding project. SKFP will serve as a reference model and provide technical expertise, while LPP coordinates implementation at the Farmers' Organization level. Deputy Agriculture and Food Security Minister Datuk Seri Arthur Joseph Kurup, who witnessed the exchange, said the initiatives would reduce Malaysia's dependence on imported products such as grain corn. He said the projects are expected to expand accessibility for breeders and lower food prices, especially for livestock. 'This collaboration between the government and private sector is crucial to ensure the economic benefits reach local communities,' he said. Arthur also praised the initiative for supporting Malaysia's target of achieving 50 percent self-sufficiency in the ruminant industry by 2030, up from the current 16 percent.
