No Matter The Economic Environment, Turnaround Managers Are Always In Demand. This issue of ABF Journal features a Turnaround Managers Directory designed to help struggling businesses — and their lenders — find the help they need.
We also check in with four turnaround professionals — Keith Chulumovich from O’Keefe, Adam Duso from Second Wind Consultants, Robert Katz from EisnerAmper and Stefan Piotrowski from Paladin — who discuss the biggest challenges businesses face today, emerging trends, the impact of technology on turnaround strategies and the critical skills needed to drive success in uncertain economic times.
In addition to the turnaround theme, the centerpiece of this issue is our fourth annual industry icons profiles. ABF Journal readers submitted nominations, our editorial board cast their votes and this year we honor a group of 12 iconic leaders:
• Legends Michael Scolaro from BMO, Rosanne Doyle from Solifi and Chris Esposito from First Citizens
• Pioneers Chris Capriotti from Texas Capital, Dorothy Conroy Rule from MUFG and Kevin Durkin from Durkin Group, a Gordon Brothers Company
• Dealmakers Haze Walker from Lawrence Financial and Tom Siska from eCapital
• Disruptors Adam Duso from Second Wind Consultants and Ryan Davis from Tiger Group
• NextGen Leaders Saba Ahmad from Turning Rock Partners and Javier Ortiz from Cahill, Gordon & Reindel LLP
If our two themes were not enough, this issue includes five additional features. I sat down with members of the Small Business Administration to learn more about its new Working
Capital Pilot Program, including lender and borrower requirements and how the program will bring new lenders to the ABL market while complementing the product offerings of existing ABL and working capital lenders.
Michael Fielding and Brent Salmons from Husch Blackwell explore how events in the Red Sea could impact credit quality in the United States as we enter Q4. Our team also caught up with Dan Son from U.S. Bank and Mike Humphreys from Levantor Capital to learn more about their partnership and what it will mean for the supply chain ecosystem.
ABF Journal Editorial Board Chair Howard Brod Brownstein provides a primer of asset-based lending syndication, exploring its history and sharing common processes and best practices for lenders who wish to enter this space.
And finally, we provide an overview of opportunities and challenges in biotechnology, featuring panelists who explored this sector at the Turnaround Management Association’s Mid-Atlantic Symposium.
We are already hard at work on our Q4 issue, which will focus on the industry’s top Dealmakers, a cash flow outlook for 2025, lending against intellectual property, the changing landscape in ABL and non-bank credit for consumer product companies and more!
Until then, I would love to hear from you! Please email me with your feedback and ideas at rita.garwood@abfjournal.com. Thank you for reading!
