Portage Point Expands Turnaround & Restructuring Services Leadership

Steven Shenker Named Co-Head of Turnaround & Restructuring Services Alongside Tom Studebaker as Portage Point Continues to Scale Market-Leading Platform

CHICAGO, Sept. 29, 2026 /PRNewswire/ -- Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management, investment banking and financial services firm focused on the middle market, today announced Steven Shenker has been named Co-Head of Turnaround & 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," said Matthew Ray, Founder & Chief Executive Officer of Portage Point. "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," said Studebaker. "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."

"The opportunity from here is significant," said Shenker. "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."

Portage Point TRS is a leading advisor to middle market companies, boards, sponsors and lenders. The platform combines restructuring advisory, interim leadership, performance improvement and transaction capabilities in an integrated, senior-led model to protect enterprise value, create strategic optionality and drive Speed to Impact.

About Portage Point Partners
Portage Point Partners is a business advisory, interim management and investment banking firm intensely focused on the middle market. Our blue chip team leverages bulge bracket experience in consulting, operations, finance, accounting, investment banking and investing to provide unmatched transactional, operational and financial perspectives to middle market stakeholders. The Portage Point cross-functional platform is uniquely architected to offer fully integrated capabilities and solutions that identify value capture, mitigate risk and positively impact outcomes at every stage of the ever-changing middle market business lifecycle. From ideation to monetization, Portage Point delivers excellence across transaction advisory services, valuations, transaction execution services, office of the CFO, performance improvement, interim management, investment banking, operational turnaround and financial restructuring.

Learn how Portage Point can positively impact your business – www.portagepointpartners.com

New Mountain Capital, a leading growth-oriented investment firm with approximately $60 billion in assets under management, has made two strategic minority growth investments in Portage Point Partners – first in 2024 and again in 2026.

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SOURCE Portage Point Partners