Revitalization Partners Executes Sale of Brewery to Formula Brewing

After nearly two years of resolving contentious disputes between the founding partners as well as other stakeholders in an Issaquah, WA, brewpub, restructuring specialist Revitalization Partners sold the company to a group of investors operating as Formula Brewing.

July 27, 2023 Al Davis | Bill Lawrence | Formula Brewing | Kern Gillette | Revitalization Partners Ian Koplin

Knighthead Capital Management Completes Transaction Support Agreement with ATI Physical Therapy

ATI Physical Therapy, an outpatient physical therapy provider in the United States, completed its previously disclosed transaction support agreement to increase the company’s liquidity and financial flexibility.

June 19, 2023 Andrew Shannahan | ATI Physical Therapy | Knighthead Capital Management | Sharon Vitti Ian Koplin

Rockport Company Files Chapter 11, Appoints PKF Clear Thinking’s Marchese CRO

Joseph Marchese, a partner at PKF Clear Thinking, was appointed chief restructuring officer of footwear brand The Rockport Company, which commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware.

June 16, 2023 Joseph Marchese | Miller Buckfire | PKF Clear Thinking | Potter Anderson & Corroon | Stifel Nicolaus & Co | The Rockport Company Ian Koplin

Enghouse Systems Enters into Asset Purchase Agreement with Lifesize

Lifesize, a provider of video conferencing and omnichannel contact center solutions, entered into an asset purchase agreement (APA) with Enghouse Systems, a vertical enterprise software solutions company. To effectuate the sale, the company filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.

May 18, 2023 Enghouse Systems | FTI Consulting | Lifesize | Marc Bilbao | Michael Yoshimura | Pachulski Stang Ziehl & Jones | Piper Sandler Ian Koplin

TMA Honors Gross of Getzler Henrich with NextGen Award

Ryan Gross, a director at Getzler Henrich & Associates, a middle-market corporate restructuring and operations improvement firm, received the 2022 NextGen Award from the Turnaround Management Association’s Detroit chapter at its inaugural awards ceremony.

May 3, 2023 Getzler Henrich & Associates | Ryan Gross | Turnaround Management Association Ian Koplin

Gavin/Solmonese Wins Industrials Deal of the Year Honor at M&A Advisor’s Turnaround Awards

Gavin/Solmonese won M&A Advisor’s Industrials Deal of the Year award in recognition of its work on the sale of Masten Space Systems to Astrobotic Technology. Gavin/Solmonese collected the recognition at M&A Advisor‘s 17th Annual Turnaround Awards.

March 27, 2023 Astrobotic Technology | Gavin/Solmonese | M&A Advisor | Masten Space Systems | Ted Gavin Phil Neuffer

QualTek Services Appoints Turner of Alvarez & Marsal as Chief Restructuring Officer

QualTek Services closed a money incremental term loan providing $55 million in immediately available funds under its existing term loan credit agreement. The company appointed Cari Turner of Alvarez & Marsal as chief restructuring officer to support QualTek’s management team and the board of directors.

March 17, 2023 Alvarez & Marsal | C Street Advisory Group | Cari Turner | Emanuel R. Pearlman | Jefferies | Kirkland & Ellis | QualTek Services Ian Koplin

Allied Healthcare Products Appoints Amin and Welch of MorrisAnderson as Restructuring Officers

Allied Healthcare Products announced strategic transformation initiatives intended to improve operational effectiveness to better serve customers and help drive growth and profitability.

March 17, 2023 Akash Amin | Allied Healthcare Products | John Weil | Mark Welch | MorrisAnderson & Associates | Sterling Commercial Credit Ian Koplin

AlixPartners Acquires Independent Restructuring Practice THM Partners

AlixPartners entered into an agreement to acquire independent restructuring practice THM Partners. As part of the proposed transaction, THM’s 40 partners and staff located in the UK, Germany and Singapore will join AlixPartners’ turnaround and restructuring services practice.

February 17, 2023 AlixPartners | Anthony Place | Simon Appell | Simon Freakley | THM Partners Ian Koplin

Natale Named to Northeast TMA’s Board of Directors as Moskol Completes Tenure

Burns & Levinson partner Bryan Natale was named to the board of directors of the Turnaround Management Association’s Northeast chapter, replacing Scott Moskol, who completed his year-long tenure as president and member of the board.

January 10, 2023 Bryan Natale | Burns Levinson | Scott Moskol | Turnaround Management Association Ian Koplin