×

Province and Solution Trust Merge, Expanding National Footprint

LAS VEGAS and LOS ANGELES, April 29, 2014 (GLOBE NEWSWIRE) -- Today Solution Trust, a national firm specializing in corporate governance, restructuring and trustee-related services and Province, an industry-leading corporate restructuring and financial advisory firm, formally announced their merger with all operations now serving under the name Province, Inc. This union offers a broad spectrum of fiduciary-related services including interim senior management, debtor and creditor-side financial advisory and consulting, along with trustee-related engagements.

The newly merged firm is led by the combination of Paul Huygens' Big Four CPA experience, Paul Hamilton's corporate leadership skill set and Peter Kravitz's restructuring "Super Lawyer" background. This breadth of experience in conjunction with an extended team of professional service staff with skill sets in valuation, forensic accounting, risk management, tax, legal, capital markets and strategy further positions Province as an industry-leading consulting firm.

Province's track record includes the successful restructuring of billions of dollars in corporate and asset-backed loans, creditor fund recovery of billions of dollars from company liquidations, and tens of thousands of jobs saved by enabling firms to resolve their issues and avoid liquidation. Original firm principals, Paul Hamilton and Paul Huygens, have assumed senior management roles within various high-power firms to expedite and implement corporate turnaround and stabilization initiatives.

"Our collective goal is to build a world-class advisory shop, so merging the firms was an obvious decision for all of us," said Peter Kravitz, Esq., former managing director of Solution Trust and now a principal at Province. "It's important for both past and future clients to know we approach each case with a 'bet the firm' engagement mind-set. We place our reputation on the line for every matter we take on. Failure is not an option."

Recognized by the M&A Advisor Awards for its restructuring services, a partial list of the firm's clients include Circuit City, ResCap, Fleetwood Enterprises, The Greenspun Corporation, Binion's and Four Queens Casinos, LandSource, National RV, Rhodes Homes, American West, Tharaldson, and KSL Media.

"We bring a broad range of disciplines together to address the common problems that many businesses face," said Paul Huygens, principal at Province. "This merger further strengthens our ability to achieve the best outcome for a firm in any industry."

"I believe our experience, passion and the will to win of our team is unmatched in the restructuring arena and we look forward to continuing to demonstrate to our clients why working with Province is the best decision they can make for their organization," said Paul Hamilton, principal at Province.

About Province, Inc.
Province, Inc. is an industry-leading, nationally recognized consulting firm of senior business leaders specializing in financial advisory, corporate reorganization and trustee-related services. Our principals are applied to every engagement creating exceptional value by providing creative, pragmatic solutions that generate optimal outcomes amid some of the most complex circumstances imaginable. Province clients have included companies in real estate, construction, gaming, hospitality, publishing, media, energy, logistics, e-commerce, finance, and retail. Province, Inc. is headquartered in Las Vegas with offices in Los Angeles, New York and Wilmington, DE. For more information on the services offered by Province, Inc., please visit www.provincefirm.com or call 702.685.5555.

CONTACT: Lyman PR Susie Hayne susie@lymanpr.com 408-314-2226 Source: Province