Turnaround Atlas Awards Honors Patriarch Partners

June 22, 2009 Chicago, IL

NEW YORK, June 22 /PRNewswire/ -- Patriarch Partners is pleased to be honored in four categories by the prestigious Turnaround Atlas Awards. Patriarch Founder and CEO Lynn Tilton has been selected to receive the Leadership Achievement Award and will deliver the closing remarks today at 4:30 CDT entitled: "WALL Street to MAIN Street, REBUILDING AMERICA." Patriarch has also been named a finalist in three additional categories:

• Private Equity Turnaround Deal of the Year -- Patriarch Partners buyout of Old Town Fuel & Fiber (fka: Red Shield)
• Achievement in Energy, Renewable & Services -- Patriarch Partners buyout of Old Town Fuel & Fiber (fka: Red Shield)
• Firm of the Year (Special Situations and Distressed Assets) -- Patriarch Partners

Winners will be selected at the Turnaround Atlas Awards Gala June 22, 2009 in Chicago. The Turnaround Atlas Awards honors achievements in completed deals or assignments; firms and professionals in the distressed or special situation M&A transactions; and assignments in restructuring troubled enterprises, bankruptcy administration, dispositions, and reorganizations.

About Patriarch Partners

Patriarch Partners is a vertically integrated distressed private equity firm with robust in-house operational turnaround expertise. Founded in 2000, Patriarch has evolved into a global investment firm that concentrates on direct investments in distressed businesses. They manage funds with more than $6 billion of equity and secured-loan assets with equity investments in more than 70 companies, including controlling interests in approximately two-thirds of these.

    LOCATION:
    Historic Walnut Ballroom Hotel Allegro
    171 West Randolph Street
    Chicago, IL
    6:30pm

SOURCE Patriarch Partners