BNET Industries
Last Fiscal Year Sales:$37.5M
- Private
- US
Dow Jones Description
Amroc Investments, LLC, a pioneer in distressed debt and special situations investing, is recognized as one of the country's leaders in the trade claims market. Our experienced team has worked with businesses of every size and industry and is nationally renowned for its expertise. Singularly focused on the evaluation and purchase of all types of distressed claims, Amroc and its affiliates have been involved in thousands of transactions totaling over $20 billion in private debt since its inception in 1989. Amroc specializes in providing financial services to the vendor community. Amroc purchases unsecured and administrative trade claims and offers risk management products for vendors seeking credit protection, including Put Contracts and high risk Spot Factoring. Together with its affiliates, Amroc has access to available capital in excess of $7.8 billion as of August 2005 and is uniquely positioned to offer a broad spectrum of debt recovery solutions. Amroc consistently utilizes its expertise to work with the vendor community in completing transactions in an expeditious and confidential manner.
Founder
Marc LasryNumber of Employees 174
Peer Companies
NAICS Code Miscellaneous Intermediation: 523910
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Marc Lasry | Founder |
| Sonia E Gardner | Founder |
Mr. Lasry is the Chairman, Chief Executive Officer and a founder of Avenue Capital Group. He is also a founder of Amroc Investments, LLC ("Amroc"). Distressed investing has been the focus of his professional career for over 22 years. Prior to operating Amroc as an independent entity, Mr. Lasry managed capital for Amroc Investments, L.P. Mr. Lasry and Amroc Investments, L.P. were affiliated with Acadia Partners L.P., an investment partnership whose general partners include Keystone, Inc. (an investment partnership firm that was associated with the Robert Bass Group, Inc.), American Express Company and the Equitable Life Assurance Society of America. Prior to that, Mr. Lasry was Co Director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. Prior to that time, he served as Director of the Private Debt Department at Smith Vasiliou Management Company. Mr. Lasry also clerked for the Honorable Edward Ryan, former Chief Bankruptcy Judge of the Southern District of New York. Mr. Lasry graduated with a B.A. in History from Clark University (1981) and received a J.D. from New York Law School (1984).
| Organization | Position | Status |
|---|---|---|
| Avenue Capital Management, LLC | Chief Executive Officer | Current |
| Avenue Capital Management, LLC | Founder | Current |
| Amroc Investments, LLC | Founder | Current |
| Roark Capital Group, Inc. | Current | |
| Avenue Capital Management, LLC | Chairman | Current |
| Amroc Investments, LLC | Senior Managing Director | Former |
| Amroc Investments, LLC | Owner | Former |
| Avenue Capital Management, LLC | Owner | Former |
| Cowen & Co. | Co-Director of Bankruptcy and Corporate Reorganization | Former |
| Acadia, Inc | Former | |
| Acadia Partners | Former | |
| American Express Company | Former | |
| Cowen & Co. | Board of Directors | Former |
| Avenue Capital Management, LLC | Board of Directors | Former |
| New York University School of Law | J.D. | Former |
| New York Law School | J.D. | Former |
| New York University | J.D. | Former |
| Clark University | Bachelor of Arts | Former |
| Organization | Position | Status |
|---|---|---|
| Avenue Capital Management, LLC | President, Managing Partner and Founder | Current |
| Amroc Investments, LLC | Founder | Current |
| Cowen & Co. | Senior Attorney | Former |
| Benjamin N. Cardozo School of Law | J.D. | Former |
| Clark University | B.A. With Honors In Philosophy | Former |
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