Daily News: May 5, 2014

Travis Vandell Recognized at M&A Advisor 40 Under 40 Awards

The M&A Advisor announced the winners of the 40 Under 40 Recognition Awards on Wednesday, April 30. Travis Vandell, co-founder and CEO of claims & noticing firm UpShot Services, was named a winner in the Service Provider category.

The M&A Advisor created this event to promote mentorship and professional development amongst the emerging business leaders. Travis has been chosen for his accomplishments and expertise from a pool of international nominees by an independent judging panel of distinguished business leaders.

“In 2010, we initiated the 40 UNDER 40 Awards to recognize the emerging leaders of the M&A, Financing and Turnaround industries,” said David Fergusson, president of The M&A Advisor. “It is our belief that this group of accomplished women and men will have a significant effect on the advancement of our industry. And it is our great pleasure to recognize them and provide a forum for them to meet and engage with one another.”

After working in the corporate restructuring industry for more than 12 years as an associate and later as a consultant, Travis co-founded UpShot Services in 2012 with Robert Klamser, UpShot’s president. Travis and the UpShot team have introduced new advances in technology to streamline the administrative aspects of corporate bankruptcy, and in the process have accomplished numerous industry firsts. In several recent and ongoing Chapter 11 cases, UpShot is the first claims and noticing agent to have received Bankruptcy Court approval on behalf of its clients for electronic claims filing and balloting procedures in active cases.

“Innovation and change can be challenging in an industry that is as established and robust as corporate restructuring,” comments Vandell. “It truly is an honor, not only for myself, but also for the entire team at UpShot Services, to be recognized by M&A Advisor for the strides that we’ve made in developing more cost-effective, electronic-based solutions that result in lower administrative costs and time-savings for the debtor and other stakeholders in the restructuring process.”

Prior to establishing UpShot Services, Travis served as a lead consultant on numerous Chapter 11 cases at a claims and noticing agent. Travis began his professional career in the legal industry as a legal intern within the Southern and Northern District of New York. Thereafter, Travis represented Chapter 11 debtors as an associate at a boutique, corporate bankruptcy firm in Wilmington, DE.

On Tuesday, June 24, The M&A Advisor will host a black tie Awards Gala at the Roosevelt Hotel in Manhattan, in conjunction with the 2014 Emerging Leaders’ Summit – an exclusive event pairing 40 Under 40 winners together with their mentors and other stalwarts, to introduce the 40 Under 40 Award Winners to the business community and celebrate their achievements.

To view the complete list of this year 40 Under 40 Award Winners click here.