Separating ‘Good’ Business from ‘Bad’ Business: AEG Partners’ Award-Winning Turnaround of Compressor Engineering

Compressor Engineering enjoyed two years of significant revenue as it expanded into new service areas. At the same time, the company started to experience lower profitability and tighter liquidity. Were these issues driven by the expansion or were there other more deeply rooted problems? The company called in AEG Partners, which discovered undetected problems that threatened the very existence of the business. AEG implemented a plan and resulted in a turnaround honored as TMA’s Chicago/Midwest Chapter’s 2016 Turnaround of the Year.

TMA Chicago/Midwest Presents Turnaround of the Year Awards

The Chicago/Midwest Chapter of the Turnaround Management Association honored Compressor Engineering, Swishes Hygiene and Lee Steel with Turnaround of the Year Awards at its annual dinner.

AEG Partners Captures TMA Large Company Turnaround of the Year Award

AEG Partners will receive the 2016 Large Company Turnaround of the Year Award from the Chicago/Midwest Chapter of the Turnaround Management Association for its work related to Compressor Engineering.

AEG Expands Restructuring Practice, Hires Managing Director

AEG Partners announced the expansion of its restructuring practice and CFO capabilities with the addition of David Riesmeyer as managing director.

AEG Partners Retained as CRO/Interim CFO

AEG Partners was retained as chief restructuring officer and interim CFO of a Southwest-based supplier of parts/services to the natural gas industry.