Skyway Capital Markets announced today that Michael J. Devine has joined the firm as Managing Director in Skyway’s newly formed Recapitalization & Restructuring practice.  Based in Tampa, Mr. Devine will focus on sourcing and executing restructuring advisory and other corporate finance assignments for the Firm.

With the creation of Skyway’s Recapitalization & Restructuring practice, Mr. Devine’s appointment marks Skyway Capital Market’s continued growth into new products and services for its middle-market customer base.  “I am enthusiastic to work with the partners at Skyway Capital Markets in developing the new Recapitalization & Restructuring practice,” commented Mr. Devine, adding “I am particularly excited about helping clients leverage Skyway’s broad network of investor relationships and the firm’s track record of executing unique transactions.”

Prior to joining Skyway, Mr. Devine was the owner of Excel Capital Advisors, LLC, where he represented both sellers and buyers of wireless telecommunication assets.  Mr. Devine has 20 years of corporate finance, M&A advisory and restructuring advisory experience, including his prior experience at Gulf Atlantic Capital and PricewaterhouseCoopers where he provided financial advisory and investment banking services.  Previous roles include completing analysis for structuring mergers and acquisition transactions and business reorganizations, including analyzing capital needs, identifying funding sources, business valuation, debt restructuring and crisis management.  Mr. Devine has managed over 150 transactions valued in excess of $1.0 billion in value.  Examples of transactions include:

 

  • Managed Chapter 11 and Section 363 sell-side M&A engagement for a North American consumer branding company.
  • Assumed an active financial management role during the restructuring and liquidation (including receivership) of a regional construction services company.
  • Oversaw and managed a $30M buyside M&A engagement for purchase of wireless telecommunication assets from a regional wireless provider in Northeast.

Russ Hunt, CEO, commented, “Skyway has built its reputation as a team of problem solvers and, with the current environment, we are making our Recapitalizing and Restructuring practice a firmwide priority. Michael’s experience and expertise will be a tremendous value for our clients navigating these challenging times and we are so excited to have him on our team.”

Mr. Devine earned a Bachelor of Arts degree from the University of California, Los Angeles.  Mr. Devine earned his Juris Doctorate in 1997 from California Western School of Law and an M.B.A in 2000 from the Marshall School of Business at the University of Southern California.