For the second consecutive year, Alvarez & Marsal received Global M&A Network’s highest honor, the Turnaround Atlas Award for Global Turnaround Consulting Firm of the Year. A&M also was awarded the following Turnaround Atlas Awards Healthcare Services Turnaround of the Year for its work with RuralMetro Corporation,; Cross Border Restructuring of the Year for its work with Central European Distribution Corporation, and Pre-Packaged Restructuring of the Year – Middle Markets for its work with Education Holdings.

A&M’s selection as the Global Turnaround Consulting Firm of the Year was based on a comprehensive review of the firm’s annual performance as well as its efforts in complex transactions in 2013, including the Chapter 11 reorganizations of RuralMetro Corporation, Central European Distribution Corporation and Education Holdings, for which A&M was awarded separate Turnaround Atlas Awards in the Industry and Top Deals & Assignments categories.

A&M served as the financial advisor to RuralMetro Corporation, a national ambulance and fire protection services provider in 21 states and nearly 700 communities, when it filed for Chapter 11 bankruptcy in August 2013. Through its financial restructuring, RuralMetro was able to reduce debt by nearly 50 percent and receive a $135 million equity capital infusion from bondholders.

Central European Distribution Corporation’s Board of Directors unanimously approved A&M to serve as the restructuring adviser for its Chapter 11 filing. The work allowed the U.S.-listed company to successfully close a going-private sale to a Russian investor and restructure its balance sheet by reducing its public bonds from more than $1.3 billion to $650 million.

A&M served as the financial adviser to Education Holdings during the company’s Chapter 11 reorganization in early 2013. As a result of the firm’s efforts, the company exited Chapter 11 in March 2013, less than two months after filing.