Portage Point Partners, a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, hired Adam Chonich as a managing director.
Chonich has more than a decade of turnaround and restructuring experience, having advised companies across multiple industries, including the automotive, retail, aviation and aerospace, distribution and logistics, energy and utilities, and travel and leisure sectors.
“Adam’s expertise bridges the chasm between core restructuring advisor and operational improvement tactician that our clients value,” Matthew Ray, founder and managing partner of Portage Point Partners, said. “His experience across industries, geographies and business models has allowed Adam to identify innovative value maximizing solutions in both healthy and distressed companies.”
Chonich joined Portage Point Partners after previously holding senior roles in EY’s restructuring and turnaround group and at BRG.
“Joining Portage Point affords me the opportunity to execute alongside the highest level performance improvement and restructuring talent. We are focused on providing underperforming and distressed companies the advisory services needed to achieve profitable recovery or successfully explore and execute strategic alternatives that maximize value,” Chonich said. “I look forward to helping the firm further entrench itself as a world class restructuring practice while supporting continued growth in the performance improvement and private equity services practice lines.”
