Steven Martinez, managing director of Aurora Resurgence, played a central role in the company's recent acquisition of Lexington Precision Corporation. His extensive work in this field includes experience with major national firms, such as Goldman Sachs, American Capital Strategies and H.I.G. Capital.
Lexington is one of the most recent acquisitions for Aurora Resurgence, a Los Angeles-based private equity firm that specializes in investments in debt and equity securities of middle market companies. Lexington Precision Corporation is a manufacturer of precision rubber components used in medical, automotive, and industrial applications.
Martinez' experience with these types of secondary market purchases has made him perfectly suited for his leadership role at Aurora. Earlier in his career, Martinez syndicated non-investment grade debt as an associate with NationsBanc Capital Markets. He then became a principal at H.I.G., where he completed control equity investments in middle market businesses. Martinez went on to lead the San Fransisco office of American Capital Strategies, focusing on middle market buyouts and leveraged financings. He later worked for Goldman Sachs in their Special Situations Group, where he helped build a private credit business in the western United States.
More recently, Aurora Resurgence's purchase of Lexington Precision Corporation was a long time in the making. In 2008, Lexington filed for Chapter 11 under the U.S. Bankruptcy Code. With Lexington's cooperation, Martinez accumulated Lexington's public debt on the secondary markets and subsequently sponsored a plan of reorganization that included an additional equity investment. Lexington emerged from bankruptcy with a very healthy balance sheet, a growing and profitable core business and with Aurora Resurgence as the majority owner.
The help of Steve Martinez and his colleagues has helped Lexington rebound from years encumbered by debt. Lexington has already boosted its profits and is strongly focused on growth. Aurora Resurgence is an affiliate of the Los Angeles-based private equity firm Aurora Capital Group. Martinez earned a master's degree in business administration from the Tuck School at Dartmouth College, where he was a Citibank Fellow. He earned his undergraduate degree in business administration from the University of Southern California.
Lexington is one of the most recent acquisitions for Aurora Resurgence, a Los Angeles-based private equity firm that specializes in investments in debt and equity securities of middle market companies. Lexington Precision Corporation is a manufacturer of precision rubber components used in medical, automotive, and industrial applications.
Martinez' experience with these types of secondary market purchases has made him perfectly suited for his leadership role at Aurora. Earlier in his career, Martinez syndicated non-investment grade debt as an associate with NationsBanc Capital Markets. He then became a principal at H.I.G., where he completed control equity investments in middle market businesses. Martinez went on to lead the San Fransisco office of American Capital Strategies, focusing on middle market buyouts and leveraged financings. He later worked for Goldman Sachs in their Special Situations Group, where he helped build a private credit business in the western United States.
More recently, Aurora Resurgence's purchase of Lexington Precision Corporation was a long time in the making. In 2008, Lexington filed for Chapter 11 under the U.S. Bankruptcy Code. With Lexington's cooperation, Martinez accumulated Lexington's public debt on the secondary markets and subsequently sponsored a plan of reorganization that included an additional equity investment. Lexington emerged from bankruptcy with a very healthy balance sheet, a growing and profitable core business and with Aurora Resurgence as the majority owner.
The help of Steve Martinez and his colleagues has helped Lexington rebound from years encumbered by debt. Lexington has already boosted its profits and is strongly focused on growth. Aurora Resurgence is an affiliate of the Los Angeles-based private equity firm Aurora Capital Group. Martinez earned a master's degree in business administration from the Tuck School at Dartmouth College, where he was a Citibank Fellow. He earned his undergraduate degree in business administration from the University of Southern California.
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