Portage Point Partners, a blue chip advisory, consulting, interim management, investment banking and financial services firm focused on the middle market, named Steven Shenker co-head of turnaround and restructuring services (TRS) alongside Tom Studebaker. Shenker and Studebaker will lead the next phase of TRS growth, focused on extending market reach, deepening relationships across key stakeholder communities, broadening capabilities and continuing to attract and develop elite talent.
“Our TRS practice has become a market-leading platform by combining premier talent, differentiated capabilities and an uncompromising execution culture,” Matthew Ray, founder and CEO of Portage Point, said. “Steven has been instrumental in that growth, and this leadership expansion reflects both the scale TRS has achieved and our continued investment to meet increasing demand across complex operational and financial situations.”
Shenker joined Portage Point as senior vice president in 2020 and has since led more than 50 successful turnarounds and restructurings, serving in numerous chief restructuring officer (CRO) and chief transformation officer (CTO) roles, including for the Center for Autism and Related Disorders, Blink Fitness, TPX Communications and QC Supply. He also served as deputy CRO for Bouchard Transportation alongside Ray.
Beyond client delivery and origination, Shenker has played an important role in shaping broader Portage Point strategy, developing talent and strengthening culture, including leadership of the cross-functional director group.
“Demand across the middle market continues to expand in both volume and complexity, particularly as private credit assumes a larger role across the capital structure,” Studebaker said. “Steven brings exceptional restructuring judgment, operating intensity and deep connectivity across the private credit and restructuring communities. His appointment strengthens our senior leadership capacity and positions TRS to keep delivering outstanding outcomes for clients.”
Shenker added, “The opportunity from here is significant. Tom and I share an ambitious vision to build on the platform’s momentum, continue adding elite senior talent, broaden capabilities and take on increasingly complex situations where Portage Point can deliver differentiated impact.”
