CMA / Carl Marks Advisors
Middle-market advisory firm combining turnaround and restructuring with M&A and debt-and-equity capital advice.
thecmagroup.comCMA, formerly Carl Marks Advisors, traces its institutional history to 1925. It advises middle-market companies, owners, lenders and stakeholders through high-stakes financial and strategic situations.
The firm provides creditor support, financial and operational advisory, strategic and transaction advice and turnaround management, complemented by investment-banking services through Carl Marks Securities.
Principal activities
Liquidity, performance and capital-structure analysis for stressed companies.
Hands-on leadership and implementation during business disruption.
M&A, capital raising and strategic alternatives in complex situations.
- Typical clients: Companies, boards, lenders, creditor groups, financial sponsors, investors, legal advisers or public-sector stakeholders.
- Engagement context: Financial distress, operational underperformance, liquidity pressure, complex capital structures or other high-stakes transitions.
CMA / Carl Marks Advisors operates in assignments where time, liquidity, stakeholder alignment and execution discipline can materially affect enterprise value and recoveries. Its published capabilities emphasize turnaround, restructuring and complex corporate finance. View the firm’s website ↗
Sector and mandate coverage
- Manufacturing and industrials
- Consumer and retail
- Food and beverage
- Healthcare
- Transportation and logistics
- Energy services
- Creditor support
- Financial restructuring
- Operational turnaround
- Distressed M&A
- Debt and equity raising
- Interim management
The exact role varies by engagement. An adviser may work for a company, board, creditor constituency, sponsor, investor, court-appointed estate or another stakeholder, and may coordinate with legal, tax, operational and industry specialists.
Market position
CMA / Carl Marks Advisors is positioned as a middle-market investment-banking and restructuring advisory firm. Its market position reflects the combination of advisory scope, senior involvement, stakeholder credibility, restructuring experience and ability to support implementation.
Distinctive focus: Long middle-market history combining restructuring execution with regulated investment-banking capabilities.
Competitive context
CMA / Carl Marks Advisors competes with restructuring boutiques, investment-banking advisers, turnaround consultants and multidisciplinary expert-services firms. The relevant peer set changes according to mandate size, stakeholder side, industry, geography and whether the work requires operating leadership, regulated securities activity or formal fiduciary appointments.
Comparable firms are selected according to overlap in business model, client segment, service coverage, geographic activity and mandate profile. Inclusion does not imply an exhaustive competitor set or an equivalence in scale, ranking or market position.
Leadership
| Person | Current position | Institutional background |
|---|---|---|
| Keith Daniels | Managing Partner | Operational leadership and complex situations |
| Evan Tomaskovic | Managing Partner; CEO, Carl Marks Securities LLC | Investment banking, M&A and financings |
| Brian Williams | Managing Partner | Investment banking and strategic advisory |
Leadership information reflects the roles presented in the public sources reviewed on 20 August 2026. View the current team ↗
Corporate and regulatory information
CMA provides advisory services through Carl Marks Advisors, while securities activities are conducted through Carl Marks Securities LLC. The applicable regulatory status depends on the engagement entity.
View registered-entity details
| Advisory entity | Carl Marks Advisors, LLC |
| Securities affiliate | Carl Marks Securities LLC |
| Regulatory status | Securities activities through regulated affiliate |
| Registration identifier | N/A |
| Primary jurisdiction | United States |
Principal offices
- New York
- Boston
- Charlotte
- Chicago
- Dallas
- Los Angeles
Rankings and recognition
Ranking inclusion is editorially determined. The existence or maintenance of a Wiki profile does not influence ranking eligibility, tier or position.
Related institutions and subjects
Sources and data transparency
The following sources were accessed on 20 August 2026:
- CMA — firm overview and service platform.
- Turnaround & Restructuring — restructuring services and sectors.
- Our Team — current leadership and roles.
- Advisory Ranking — Top 20 Restructuring & Special Situations Advisory 2026 inclusion and tier classification.
