Award Winners Announced by the Chicago/Midwest Turnaround Management Association

CHICAGO, Sept. 20, 2012 /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 program recognizes members for their outstanding achievements in the corporate renewal profession.

Winners in the following categories were selected:  Large Turnaround of the Year – Proskauer Rose LLP and Gas City, Ltd.; Large Turnaround of the Year – Huron Consulting Group Inc.  and JHT Holdings, Inc.; Small Turnaround of the Year – Lake Pointe Partners, LLC and Rotonics Manufacturing, Inc.; and Small Transaction of the Year – Mesirow Financial Consulting, LLC, Ungaretti & Harris and Fairview Ministries, Inc.. 

Turnaround of the Year honors the successful turnaround of a company and Transaction of the Year awards are presented to distressed financial transactions that, if not executed, would have most likely resulted in the failure of a business and lower recoveries to creditors.  All winners will be honored at the Chicago/Midwest TMA Executive Speakers Forum on November 28, 2012.    

Nominations are judged on a combination of characteristics of the issues involved, the actions taken by the corporate renewal/turnaround professionals, creativity in crafting solutions, overall outcome and results.

TMA Chicago/Midwest Chapter President Harold Israel congratulates each of the award winners on achieving extraordinary results in a very challenging business environment.  The award presentation will take place prior to dinner at the Chicago/Midwest TMA's Executive Speaker Forum in Chicago, at which the Honorable Henry M. Paulson, Jr., Secretary of the Treasury and Geoffrey Colvin, FORTUNE senior editor-at-large will be keynoting.  For more information, visit http://www.tmachicagomidwest.org.

About TMA Chicago/Midwest

The Chicago/Midwest Chapter of The Turnaround Management Association is the largest, fastest-growing chapter of the only international non-profit association dedicated to corporate renewal and turnaround management. Incorporated in 1991, the award-winning 1,000-member Chicago/Midwest Chapter is celebrating its 21st year of serving its community. Its active membership participates in more than 30 events annually, including educational workshops, networking programs, forums, and conferences.

Established in 1988, TMA Global has more than 9,000 members in 40 chapters worldwide, including 28 in the US, two in Canada, and one in Australia, Finland, France, Germany, India, Japan, New Zealand, Southern Africa, Taiwan and the UK, as well as chapters forming in Hong Kong, Italy, Spain and Austria.

SOURCE TMA Chicago/Midwest

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