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More on LMI: What role did Clairvest play?

September 13, 2013Theresa Flaherty, Managing Editor

MOUNT VERNON, N.Y. - Less than a year ago, Landauer Metropolitan Inc. (LMI) was a regional powerhouse with nearly $140 million in revenues. Now, the company is in bankruptcy with most of its senior management gone. Inside sources place the blame squarely on Clairvest. “They were terrific partners for 10 years and then they put their hand in,” said one source. After LMI learned it had been disqualified from competitive bidding, the provider began putting a plan in place. In May,...

Clairvest, Landauer Metropolitan, Mergers & Acquisitions (M&A)