STAMFORD, CT— TrueNorth Capital Partners LLC, a leading middle-market investment bank, has announced the addition of Andrew Bess as Managing Director. Mr. Bess will head up the company’s new New Jersey location, which offers the full range of TrueNorth’s services, including M&A advisory, capital raising, restructuring, valuations and fairness opinions as well as strategic planning. Mr. Bess will focus on the Smart Cities and Infrastructure sectors and, together with the other partners, cover a full range of industries.

Mr. Bess brings a wealth of experience to the TrueNorth team, having worked on a broad array of strategic advisory and corporate finance transactions over the past 20 years. He previously established Palmer Capital Advisors, a FINRA-registered broker-dealer, on behalf of a New York-based private equity firm focused on infrastructure investment. Prior to Palmer, he was a Managing Director at Daroth Capital Advisors, a boutique investment bank he co-founded and -managed for 14 years. Mr. Bess previously worked as an investment banker with both Wasserstein Perella & Co. and Ernst & Young. He holds a BA from Colby College and an MBA from Columbia University.

“We are excited about the continued expansion of our investment banking team and its geographic reach. The breadth and depth of Andy’s experience in advising clients on complex matters makes him a great addition to our franchise and enhances our ability to deliver innovative solutions to our clients,” said Fred Rossetti, Co-founder and Managing Director of TrueNorth.

Joining Mr. Bess as a Managing Director in the New Jersey office is Andrew Cahill, a member of TrueNorth’s Special Situations practice group. Mr. Cahill has over 36 years of business experience including structuring, negotiating, packaging, and executing distressed and turnaround solutions in diverse industries. He has significant experience in a broad range of transaction types, including the acquisition of non-performing loans, managing private equity principal investments, private placements, public offerings, and financial restructurings.

“TrueNorth’s comprehensive set of advisory services are of value to its clients in any type of market, which is an important consideration in light of the challenges and opportunities that exist today. I was attracted by the opportunity to join a firm that is so well-positioned to advise its clients across both growth and restructuring disciplines,” Mr. Bess said.

Please feel free to contact Messrs. Bess and Cahill at:

Andrew Bess, Managing Director
Email: abess@truenorthcp.com
(201) 590-7535

Andrew Cahill, Managing Director
Email: acahill@truenorthcp.com
(908) 403-9262

About TrueNorth Capital Partners
TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups, and corporations, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly-owned subsidiary TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC
Scout Valuations, a wholly-owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.