Alvarez & Marsal was recognized as an Outstanding Turnaround Firms in the U.S. by Turnarounds & Workouts , a national publication focused on distressed businesses in the U.S. and Canada.

A&M and its professionals received recognition for many outstanding revitalization efforts. They are: Lehman Brothers Holdings, Arcapita Bank, Central Bank of Cyprus, Central European Distribution, Fund for Orderly Bank Restructuring/SAREB, Gigaset AG, Hawker Beechcraft and New TT Hellenic Postbank.

Turnarounds & Workouts’ Special Report on Outstanding Turnaround Firms honors firms that are routinely retained in the most complex and sophisticated restructuring transactions, according to the publication.

The honorees are selected by Turnarounds & Workouts’ editorial staff based upon these firms’ recent representations, and from nominations received from leading restructuring professionals nationwide.