Rally Capital Receives Turnaround of the Year Award
Rally Capital Services announced that it received both the Regional and National 2013 Small Company Turnaround of the Year Award from the Turnaround Management Association (TMA). The team will be honored November 18, 2013 at the Chicago/Midwest TMA Executive Speaker Forum. The National Award was presented October 5, 2013 at the TMA Annual Conference in Washington, D.C.
Dan Lee, David Missner and Ryan Hayes were specifically selected for this award for the corporate restructuring work that was completed for R&M Aviation, d/b/a AeroCare Medical Transport Systems.
AeroCare, a nationally recognized Commission on Accreditation of Medical Transport Systems-accredited provider of worldwide air ambulance and medivac services, faced a liquidity crisis after a corporate expansion did not yield expected revenues. As financial advisor, the Rally team worked to stabilize operations and aid in formulating a restructuring plan that maximized value and creditor recovery. Today, AeroCare is a leaner company with more efficient operations, a stronger brand and a much-improved capital structure. The company remains a leader in its industry and continues to provide lifesaving services as it has for over 20 years.
“We are proud of our work on this transaction, which saved more than 120 jobs, and we are honored to be recognized by our peers,” said Howard B. Samuels, president of Rally Capital and founding member.