SierraConstellation Partners’ Perkins Appointed Principal Financial Officer of NewAge

Kevin Manion, CFO of NewAge, departed the company on July 1. Lawrence Perkins, who was engaged to provide chief restructuring officer (CRO) and other services to the company along with his firm, SierraConstellation Partners, will assume the role of the company’s principal financial officer on an interim basis.

July 11, 2022 Ed Brennan | Kevin Manion | NewAge | SierraConstellation Partners Ian Koplin

Keen-Summit Capital Partners Wins Real Estate Deal of the Year at Turnaround Awards

Keen-Summit Capital Partners received the 15th Annual Turnaround Award for the Real Estate Deal of the Year for its restructuring of the L’Ermitage Beverly Hills Hotel.

October 1, 2021 Harold Bordwin | Keen-Summit Capital Partners | L’Ermitage Beverly Hills Hotel | Matt Bordwin Phil Neuffer

VivoPower International Recognized in 2021 TMA Transaction of the Year Awards

VivoPower International was recognized as one of the global winners of the 2021 Turnaround Management Association Transaction of the Year Awards. The honor is in recognition of the hyper-turnaround of VivoPower in 2020 in the small companies’ category.

September 17, 2021 Kevin Chin | Matt Cahir | Scott Y. Stuart | Turnaround Management Association | VivoPower International Ian Koplin

Carl Marks Advisors Earns Trio of 2021 Turnaround Atlas Awards

Carl Marks Advisors won three 2021 Turnaround Atlas Awards from the Global M&A Network, including Mid-Markets Turnaround Consulting Firm of the Year.

July 16, 2021 Carl Marks Advisors | Evan Tomaskovic | Global M&A Network Ian Koplin

AlixPartners’ Annual Survey Predicts Financial Distress Toward End of 2021

According to a survey from AlixPartners, in spite of currently available liquidity and low interest rates, 96% of restructuring experts believe the COVID-19 pandemic will cause their clients distress this year as enhanced access to liquidity from the past year dissipates.

June 15, 2021 AlixPartners | Joff Mitchell | Lisa Donahue Ian Koplin

Accordion Adds Turnaround Capabilities with Mackinac Partners Acquisition

Accordion, a private equity-focused financial consulting and technology firm, acquired Mackinac Partners, a financial advisory, restructuring and operational turnaround firm.

May 14, 2021 Accordion | Jim Weissenborn | Mackinac | Nick Leopard Ian Koplin

B. Riley Serves as CRO for Fresh Acquisitions in Chapter 11 Process

B. Riley Advisory Services is serving as chief restructuring officer and financial advisor to Fresh Acquisitions, which filed for Chapter 11 bankruptcy protection. In addition, VitaNova Brands will extend a post-petition debtor in-possession loan to the company.

April 21, 2021 B. Riley Advisory Services | Buffet LLC | Fresh Acquisitions | Furr’s Fresh Buffet | Gray Reed | Hometown Buffet | Jason Kemp | Old Country Buffet | Ryan’s | Tahoe Joe’s Famous Steakhouse | VitaNova Brands Phil Neuffer

Luke Rejoins Trimingham to Run Turnaround Management Practice in Pacific Northwest

Ryan Luke rejoined Trimingham as managing director of the firm’s office in Portland, OR. Luke, who rejoined after 10 years away from the company, is responsible for Trimingham’s turnaround management practice in the Pacific Northwest.

April 6, 2021 Ryan Luke | Trimingham Ian Koplin

Force 10 Partners to Lead CarbonLite’s Restructuring

CarbonLite Holdings retained Force 10 Partners to lead its restructuring effort following its voluntary bankruptcy filing on March 8. Force 10 co-founder Brian Weiss will serve as chief restructuring officer.

March 22, 2021 Brian Weiss | CarbonLite | Force 10 Partners | Jefferies Financial Group | Pachulski Stang Ziehl & Jones Phil Neuffer

Alvarez & Marsal Names Fanella Managing Director in Supply Chain Services

Alvarez & Marsal named Paul Fanella a managing director in supply chain services within its corporate performance improvement practice. Fanella previously worked for EY and Accenture.

March 12, 2021 Alvarez & Marsal | Cyndi Joiner | Paul Fanella Phil Neuffer