Chicago/Midwest Turnaround Management Association Announces Award Winners

CHICAGO, Dec. 11, 2013 /PRNewswire-USNewswire/ -- Saving jobs, regaining profitability, avoiding liquidation and thriving after bankruptcy were among the narratives submitted by nominees of the  Chicago/Midwest Chapter of the Turnaround Management Association's (Chicago/Midwest TMA) annual awards.   

The TMA awards were announced and presented at the annual Executive Speaker Forum held November 18 at the Radisson Blu Aqua Hotel. More than 600 business leaders attended the event, which featured Timothy Geithner, former Secretary of the Treasury (2009-2013) as the keynote speaker with David Snyder, publisher of Crain's Chicago Business leading a discussion and Q&A about the events surrounding the recession and the U.S. government's reaction to the economic contraction.

"Each year, the TMA Chicago/Midwest Chapter honors those corporate renewal professionals in our chapter who are making a difference in the turnaround industry, either through their work on behalf of clients or their dedication and service to the TMA," stated Kevin A. Krakora, president of TMA Chicago/Midwest Chapter.  "On behalf of the Awards Committee, I congratulate the winners of our 2013 awards for their achievements and contributions."

Winners in the following categories were selected: 

Large Turnaround of the Year: Regions Business Capital (Regions) and Wynnchurch Capital (Wynnchurch) for their work on US Pipe.

Small Company Turnaround of the Year: Neal, Gerber & Eisenberg LLP and Rally Capital, for their work on AeroCare. 

Large Transaction of the Year: Fort Dearborn Partners, for their work on the Dearborn Wholesale Grocers transaction.  

2013 Small Transaction of the Year: High Ridge Partners for its work on ABC-Electrical Contractors.  

2013 Pro Bono Turnaround of the Year Award:  Paul J. Niedermayer, Jonathan Consulting LLC, for providing free restructuring services  to qualified organizations for Otto Jacobs Company.

2013 Certified Turnaround Professional of the Year Award: Ray Anderson, CTP, Huron Consulting Group.  

Most Active New Member:   Kathleen Parker of HYPERAMS. 

Outstanding Service, Ryan Jaskiewicz of 12five Capital.  

About TMA Chicago/Midwest
The Chicago/Midwest Chapter of The Turnaround Management Association is one of the largest chapters of the only international non-profit association dedicated to corporate renewal and turnaround management. Incorporated in 1991, the award-winning Chicago/Midwest Chapter is celebrating its 22nd year of serving its community. For more information  visit www.tmachicagomidwest.org.

SOURCE The Chicago/Midwest Chapter of the Turnaround Management Association (TMA)