Suppliers Face the Most Difficult Operating Environment in Memory
By Greg Urban, Managing Director, Stifel & Alex Rohan and Kevin Haggard, Managing Directors, Miller Buckfire, a Stifel Company
During the financial crisis, automotive OEMs and suppliers faced a more rapid and severe collapse in demand than the industry had seen in modern history. In North America, new vehicle production dropped more than 40% from 2007 to 2009 as consumer confidence evaporated and new car financing...
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Kevin Haggard is a managing director of Miller Buckfire, a Stifel Company, a New York-based investment bank that advises on complex debt restructurings. Over the course of the last 25 years, he has advised on dozens of stressed and distressed situations, including recapitalizations on behalf of several automotive suppliers.
Alex Rohan is a managing director of Miller Buckfire, a Stifel Company, a New York-based investment bank that advises on complex debt restructurings. He has more than 26 years of banking, legal, and financial advisory experience and has advised on dozens of stressed and distressed situations, including recapitalizations on behalf of several automotive suppliers.
Greg Urban is a managing director with Stifel Financial Corporation’s Investment Bank and is based in the firm’s New York office. He leads the bank’s coverage of companies operating in the automotive and automotive technology sectors. His typical transactions include mergers and acquisitions advisory, restructuring advisory, and equity and debt capital market financings. Urban has spent his entire 20-plus-year career in the automotive industry, starting as a product development engineer at a global OEM.