CORPORATE RENEWAL

Corporate
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The Newsletter of
TURNAROUND MANAGEMENT ASSOCIATION
From Our President
Chicago/Midwest Chapter
Volume 15 | Issue 3 | May 2014
Dan Wikel, Huron Business Advisory
Your Network and Balancing Your Greatest
Resource: Time
In our prior newsletter, I highlighted TMA conferences, networking
events, and other ways to efficiently and effectively remain in tune
with our marketplace and manage your referral and client base.
However, there are only so many hours in a day and sometimes a full
eight hours of sleep becomes more of an option rather than a given.
During a time of 24/7 enabling technology, the demands of our clients
and referral base may impose challenges on our social life, family life,
and general mental and physical health.
What is the best way to manage our business, social, and family life?
Many people have made a living providing guidance either through
live programs or writing books answering this basic question. In my
search of the perfect answer, I have observed friends and mentors in our industry, as well as read
a few of the hundreds of books available on this topic. In assessing this question through my
career, I have concluded that the best way to manage this depends on your current professional
role and stage in your life.
A few common themes I have observed are:
What’s Inside?
•
A balanced schedule and moderation leads to almost no one being satisfied. The point is,
no matter how hard we strive for a balanced schedule and moderation, you will inevitably
need to address client crisis’, family issues, or lend an ear or helping hand to a colleague.
It is during those times that your full and devoted attention is required and our clients
have come to expect this level of service. In some cases, you have to visit a client during
a family vacation, spend time with a friend, colleague, or potential referral in the evening
over dinner or drinks, or need to cancel your already-full day of meetings to address a
family issue. While inconvenient and tiring, I find that during those times, you can create
or strengthen your relationship with that person. The downside is your schedule becomes
unbalanced and something has to give, usually sleep or a workout.
VP’s Corner ............................................ 3
Upcoming Events .................................. 4
Past Events ........................................ 5-10
CRM on a Shoestring .......................... 11
Community Service Spotlight ............ 12
From the Blog....................................... 13
New Member Listing ........................... 14
At one point in my career, someone suggested I begin each day with a schedule
and “to-do list” that allows time for daily reading, client emergencies, and new
opportunities. Do not start your day with a full day of activities, as this limits time
to explore new opportunities or new deals. Interestingly, I found this becomes
more and more important as my career progresses.
Member News ..................................... 14
What’s the Deal? ................................ 15
m
Newsletter Advertising Information ... 16
Memorial Scholarship Foundation
Board of Directors ............................... 17
Chapter CTPs and CTAs ..................... 17
Membership Application ................... 18
Board Member and
Steering Committee List ..................... 19
Platinum & Gold Sponsors .................. 20
•
Your priorities and responsibilities continuously change throughout your career. Early in
my career and when I was single, my work calendar was subject to my managers and
partners, which in some cases lead to long nights and weekend work. It also involved
managing the mornings after late nights with friend and colleagues. Oh, the fun times in
Lincoln Park and Wrigleyville! In my current role at work, I tend to have more control
over my work schedule, but I find myself travelling more frequently and now have another
element of family and kids’ activities that constantly tug at my schedule. As a result,
continued on page 2
continued from page 1
my work calendar is more restricted on the weekend and has
required earlier weekday mornings.
•
You can use technology to your advantage. Embrace
technology to assist in managing your current life situation.
Perhaps someday, as a client, I will be able to have a “no
technology Sunday”. Until that time, I try to be proactive
and efficient with technology to best manage my calendar
of activities. If LinkedIn, Facebook, Twitter, Instagram,
texting, and personal and work email are overwhelming
or burdensome, find the right combination that suits you
and your current situation. I personally rely on the updated
TMA website and LinkedIn.
•
The lifeblood of our business is our current clients and
securing new clients. While securing new business is
important, executing and achieving the best outcome for
our clients and referral base is our greatest marketing.
Conversely, failure or mistakes can often lead to significant
challenges on many fronts for future business.
When the Chicago Blackhawks lost the first two games against
their archrival, the St. Louis Blues, I noted a central theme in
their comeback: a balanced and methodical attack during the
next four games. Perhaps we can apply that simple philosophy
to our daily lives.
Most of us spent time and resources attending many conferences,
TMA programs, or other networking events over this past
winter, working in our hotels and enduring travel delays and
cancellations. These activities allow us to establish and maintain
our network and relationships. Now the hard part: follow-up
and don't let all of your past efforts be wasted.
So, what is the best way to manage our business, social, and
family life?
Everyone’s time and work and family demands are unique and
nothing is static. More importantly, continue to effectively
nurture your network and optimize your time by participating in
our premier TMA programs:
•
June: Charity golf outing at The Grand Geneva
•
September: Sponsor appreciation event and MidAmerica
Regional Conference in Minneapolis
•
October: NextGen’s first annual marquee event
•
November: Executive Speaker Forum
In closing, Chris Glatz, our Administrator Extraordinaire shared
a thought with me recently:
May 2014 | Page 2
Never get so busy making a living
that you forget to make a life.
VP’s Corner
Thoughts from Zachary Garrett, VP Communications
Goldberg Kohn Ltd.
Promote You and Your Firm in 2014
In the last edition of this newsletter I
emphasized a few of the ways in
which the Chicago/Midwest Chapter
of the TMA helps its members to
stay connected—connected to the
issues that impact our practices, and
to each other as clients, colleagues,
and friends. Through a diverse
offering of educational, leadership,
and networking programs, our chapter
makes it easy for members to stay
connected, learn, and develop the
expertise that we all strive for as
turnaround professionals. In this edition, I expand upon that
theme by emphasizing a particular benefit that membership
brings; namely, advertising and self-promotion.
One important goal of staying connected with clients and
colleagues is business development. Building and maintaining
client relationships is imperative to sustaining and expanding
one’s business. Perhaps the best method for building client
relationships is direct, personal interaction. As emphasized in
the last edition of this newsletter, the Chicago/Midwest Chapter
offers its members a variety of opportunities to establish, develop,
and preserve valuable professional relationships. Indeed, the
chapter’s many social and educational events are designed
with networking in mind and are meant to foster and encourage
personal interaction. Moreover, many chapter programs are
designed to give members a platform from which to educate their
fellow members (and, therefore, potential clients and references)
about important developments in the industry. Whether it is by
networking at an entertainment event, participating in a breakfast
or lunch forum, or serving as a panelist in one of our many
educational workshops, our chapter provides the opportunities
to promote you and your firm through meaningful one-on-one
interaction. So sign up, show up, and start promoting you and
your firm today.
In addition to building personal relationships, it is often important
to market your business in a broader context, and advertising
is one way to do that. The Chicago/Midwest Chapter offers
members a variety of advertising and marketing options that can
help promote their brands. Such options include advertising in
the Newsletter of Corporate Renewal, becoming a sponsor and
sponsoring chapter events, writing an article or authoring a blog
post, and publicizing your firm’s recent accomplishments in
the “Members News” and “What’s the Deal?” features of this
newsletter. In this edition I will focus on how members can best
maximize the advertising and promotional opportunities that the
Newsletter of Corporate Renewal provides in each edition.
entire chapter of more than 1,100 members who are located in
Illinois, Wisconsin, and throughout the Midwest. Further, each
edition of the newsletter is also distributed to regional members
of a guest organization whose members overlap with the TMA’s
membership, including the American Bankruptcy Institute, the
Commercial Finance Association, the Midwest Business Brokers
and Intermediaries, the International Women’s Insolvency &
Restructuring Confederation, the Association for Corporate
Growth, and the Association of Insolvency and Restructuring
Advisors. More information about which guest organizations
will be participating in upcoming editions of the Newsletter can
be found at page 16.
Advertising in the Newsletter of Corporate Renewal therefore
helps you to connect with members of the TMA and other trade
organizations throughout the Midwest. As the following table
illustrates, it is also affordable:
Size
Color
Black & White
Full Page
$1,460
$1,065
Half Page
$820
$605
Quarter Page
$525
$380
Eighth Page
$315
$230
We encourage all members to promote themselves in the
newsletter today, and we invite you to reach out to Joanne
Krakora ([email protected]) for additional
advertising-related information.
In addition to traditional advertising platforms, the newsletter
provides alternative marketing opportunities for building personal
and firm brands. Among the most effective is the publication of
substantive articles and blog posts. Indeed, the Chicago/Midwest
Chapter encourages its members to author original works on
turnaround topics and contribute them to the newsletter and
blog. Keeping our members connected to important industry
developments is a leading objective of the newsletter and the blog,
and we rely upon our members to do that. Publishing an article in
the newsletter or the blog is an effective way of maximizing your
TMA membership while freely advertising yourself, your firm,
and your ideas. If you are interested in publishing an article in the
newsletter, then please contact Abhi Hazarika (abhi_hazarika@
mckinsey.com); to inquire about submitting an article for the
chapter blog, please contact Erin Broderick (Erin.Broderick@
bakermckenzie.com).
Perhaps the quickest and easiest way to promote you and your
firm in the newsletter is to highlight your most recent success
or milestone in the “Members News” and “What’s the Deal?”
features. Each of these sections is specifically designed to help
you announce important news to the membership, whether it is
the closing of a deal or the acceptance of an award. Submit your
news today and stay connected to what is happening in your
chapter.
The Newsletter of Corporate Renewal is a publication of the Turnaround Management Association Chicago/Midwest Chapter.
It is issued five times annually. Submissions to the newsletter should be directed to: Abhi Hazarika, [email protected]
May 2014 | Page 3
This newsletter is published five times per year in January, March,
May, August, and October, and is widely distributed in both print
and electronic form. Indeed, the newsletter is distributed to the
Upcoming Events: The Details
Meet the Madison Bankers Reception
NextGen Luncheon
Breakfast Forum: "The Toughest Turnaround
Save the date
Thursday, June 5, 2014
Whyte Hirschboeck Dudeck S.C. offices, Madison
Friday, June 6, 2014
East Bank Club, 500 North Kingsbury, Chicago
Milwaukee Networking Breakfast
Tuesday, June 10, 2014
Hotel Metro, 411 East Mason Street, Milwaukee
Women’s Dine Around
Thursday, June 19, 2014
Select restaurants in downtown Chicago
Friday, June 27, 2014
Lockton Companies, LLC.
MidAmerica Regional Conference
Thursday-Friday, September 11-12, 2014
Kaye Scholer, 70 West Madison Street, Chicago
Executive Speaker Forum
Monday, November 24, 2014
Radisson Blu Aqua, 221 North Columbus Drive, Chicago
14th Annual Charity Golf Outing
Tuesday, June 24, 2014
Grand Geneva Resort & Spa, Lake Geneva, WI
May 2014 | Page 4
For more information on these and
all other chapter events, please visit
www.tmachicagomidwest.org
Scholarship Foundation Hosts "Catch Phrase" Tournament
Suzanne Koenig, SAK Management Services LLC
On March 6, the TMA Chicago/Midwest Chapter Memorial Scholarship Foundation hosted a “Catch Phrase” Tournament just like Jimmy Fallon
did on TV with Reese Witherspoon, Usher, and Mikaela Shiffrin. While many enjoyed classic TMA networking at a classic venue, Gibson’s
Steakhouse, everyone who participated had some good ‘ol fashion fun playing “Catch Phrase”—
an adult game that had everyone rolling from laughter. You could hear throughout the crowd, “It
made me feel like a kid all over again, although we are a bunch of adults just being silly!” Many of
the neophytes who played promised this would be the game of choice at their homes or company
outings when the crowd gets together.
Four teams were comprised upon arrival, which created some staunch competition. After a playoff
round, four lucky winners went home with $50 in Gibson’s gift certificates. In addition to playing
“Catch Phrase”, attendees were invited to play in other ways. Many played the odds and purchased
a raffle ticket for only $20 which could qualify them to win a foursome to this year’s golf outing
(an $800 value). The 14th Annual Charity Golf Outing will be held June 24 at the Grand Geneva
Resort & Spa in Lake Geneva, WI. Special thanks to Chris Glatz and Sue Fisher for their assistance
in making this event unforgettable!
Clockwise from top right (L-R): Joyce Ciyou and Suzy Koenig; Carl Lane and Norm Newman; Theresa Wolf-McKenzie and Robert McKenzie;
and Lisa Wozney and Lenier Johnson Jr. Photos by Cole Simon.
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President of The Onion Mike McAvoy at the TMA Lunch Forum
Ryan Jaskiewicz, 12five Capital
On March 26, TMA Chicago/Midwest Chapter members had the pleasure of hearing from
the president of The Onion, Mike McAvoy. McAvoy shared his insights on what it took to
transition the company from a fully print-based business into the digital juggernaut that it
is today. He also shed some light on pivoting some of the company’s resources into The
Onion’s internal production group known as Onion Labs. Onion Labs is responsible for
producing many of the hilarious commercials you see on TV today through this white label
production group.
This event received a lot of press and was even featured on the front page of the Sunday
Business section for the Chicago Tribune. The Breakfast Forum Committee thanks McAvoy
and Derek Cuculich from The Onion for putting together a great presentation for our group.
This year the committee is trying to shake up the breakfast/lunch forums by offering our
members the opportunity to listen to new and interesting speakers. We look forward to seeing
you at our next forum on June 6.
Larry Adelson, Dan Wikel,
and Derek Cuculich of The Onion
Linda Peddle, David Levy, and Miriam Stein
Gordon Gouveia, Mike McAvoy of The Onion,
Evelyn Berthold, and Ryan Jazkiewicz
Photos by Cole Simon
Nick Hagar and Mark Hagar
Milwaukee Educational Panel Features Industry Experts
By Bill Farrar, Associated Commercial Finance Inc.
May 2014 | Page 6
The TMA Milwaukee Committee held its
first educational event of 2014 on April 1
at the Milwaukee Athletic Club. The panel
discussion, titled “Answers to Your Questions
about
Wisconsin
Workouts—Lessons
from the Real World”, was presented by a
distinguished panel of Milwaukee attorneys,
including moderator Kim Wynn of Whyte
Hirschboeck Dudek (WHD) and panelists
Randy Crocker (von Briesen & Roper), Mike
Jankowski (Reinhart Boerner Van Deuren),
and Daryl Diesing and Bill Hughes of WHD.
The panelists, with experience in Wisconsin
labor laws and restructurings, bankruptcies,
and collections, shared their experiences
with the Wisconsin WARN Act, Wage
Liens, chapter 128 receiverships, and use and
enforcement of non-compete agreements.
The event was well attended and well
received as the Q&A session carried over to
the cocktail reception.
Our next event is scheduled for Thursday,
June 5—a Madison networking reception.
Milwaukee Networking Breakfast
By Gene K. Arenson, HYPERAMS LLC
The Milwaukee Committee held its second networking breakfast of
the year On April 8 at Hotel Metro. There was yet another great
showing with more than 50 attendees. Congratulations to the two
winners of the gift certificates, John Wirth and Bill Stoll.
The next Milwaukee breakfast is planned for June 10 and will be on
the rooftop of Hotel Metro at ZEN on 7, so plan to be there!
May 2014 | Page 7
Discussing Current Trends in Financing at the Women’s Group Luncheon
Linda Peddle, The Keystone Group
The TMA Chicago/Midwest Chapter’s Women’s Group kicked off its annual educational luncheon series on April 9 at the Metropolitan
Club. The intimate group enjoyed a lively discussion of current trends in the financing process, moderated by Linda Peddle of The Keystone
Group.
Points of view on topics ranging from structuring complexities, the plethora of lender options, and potential future regulatory impacts
were provided by Beth Karlson of PNC, Natalie Marjancik of Lincoln International, Tammy Roehm of NXT Capital, and James Stief of
McDonald Hopkins. Some added excitement was caused by loose window washer cables that pounded the dining room windows throughout
the event. The luncheon was a great opportunity for the diverse group of attendees to share observations and hear viewpoints from their peers.
We hope to see you back at the Metropolitan Club for the next Women’s Group educational luncheon on November 5.
Top row, from left (L-R): Beth Karlson, Linda Peddle, Tammy Roehm,
Natalie Marjanck, and James Stief; Morgan Ortiz, Donatella Savino,
and Monika Witek; and Miriam Stein and Sue Burke.
Bottom row, from left (L-R): Mark Gross, Kate Saccany, Steven Ruth,
and Darrel Frenzel; Evelyn Berthold, Kimberly Bukovsky, and Christine
Schoof; and Shira Isenberg, Eva Chapman, Alicia Meyerhoff, and
Francis Harris. Photos by Cole Simon.
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May 2014 | Page 8
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Master’s Viewing Party
William S. Hackney, SmithAmundsen LLC
On April 11, more than 60 TMA Chicago/Midwest Chapter members and their guests ventured into the heart of the Loop to share some
afternoon cocktails, shake a few hands, watch a little golf, and even swing a club or two as Play 18 played host to the TMA’s inaugural
Master’s Viewing Party.
The cavernous yet sunny space provided all in attendance an ample opportunity to mix and mingle, taste the offerings provided by Levy
Catering, and watch the second round of what is arguably the most venerable of the nation’s golf tournaments—the Masters. Those in
attendance were also able to have their own golf swing analyzed thanks to Play 18’s on-site professionals. But perhaps the most interesting
activity was the club’s virtual golf simulators which invited the attendees to play a round themselves, or just hit some balls, at some the
world’s most famous golf destinations. The event was fun, fresh, and unique, and will hopefully remain a staple of the TMA social calendar
for some time to come.
Tom rop, from left (L-R): Forrester Faia; Evelyn Berthold; Mark Gertzof and Tim Derry; and Tyler Mayoras and Dave Traverso;
Bottom row from left (L-R): David Gaito, Jeff Kolke, Rich Rogers, and Tim Derry; Carl Lane, Mike Williams, and Paul Krantz; and Mike Brandess,
Alex Boerema, and Will Kemp. Photos by Cole Simon.
Save the date!
TMA Chicago/Midwest Chapter
14th Annual Charity Golf Outing
Tuesday, June 24, 2014
Limited Sponsorship Opportunities Available
Contact Chris Glatz at 815 469 2935
Proceeds from this event benefit the chapter’s
Memorial Scholarship Foundation
May 2014 | Page 9
Grand Geneva Resort & Spa
Lake Geneva, WI
Springtime NextGen Luncheon Series
Will Kemp, Bibby Financial Services (Midwest) Inc.
On April 23, the NextGen Committee hosted its first networking luncheon of 2014 at Jenner & Block. More than 25 TMA Chicago/Midwest
Chapter members gathered to network with their industry peers and enjoy an amazing lunch provided by Huron Business Advisory.
The first portion of the event consisted of catching up with friends and making new acquaintances. The second half of the event consisted of
the attendees enjoying their lunch while listening to Harold Israel of Goldstein & McClintock LLP discuss TMA Global’s recent initiatives to
enhance the Certified Turnaround Professional (CTP) and Certified Turnaround Analyst (CTA) designations. Israel also relayed information
about exciting opportunities and events collaborated by the TMA Chicago/Midwest Chapter and TMA Global in 2014.
Also, let’s congratulate Alison Miller of Donlin Recano & Company Inc. for winning the raffle prize! She won an office desk MP3 player
graciously donated by HYPERAMS LLC.
The NextGen Committee looks forward to seeing more members at its next networking luncheon on June 13 and Happy Hour event over
the summer.
Top row from left (L-R): Harold Israel; Michael Dudek and Lauren Hargrove; Kathleen Parker,Harold Israel, Dennis Kalten, and Angela Allen.
Bottom row, from left (L-R): Angela Allen and Mark Briden; Eric Dorner and Kobus van der Zel; and Michael Boyer, Alison Miller,
and Dace Rosenbaum. Photos by Cole Simon.
6 th Annual
Executive Speaker Forum
Turnaround Management Association
Chicago/Midwest Chapter Presents
The Honorable
Mitt Romney
May 2014 | Page 10
Monday, November 24, 2014
Radisson Blu Aqua Hotel
221 North Columbus Drive, Chicago, Illinois
Table packages now available; contact Chris Glatz at (815) 469-2935 or [email protected]
www.tmachicagomidwest.org
CRM On A Shoestring
By Anthony Long, Harrison Group Ventures
Customer relationship management (CRM) is a straightforward
concept that is nevertheless difficult for many companies—
particularly those in a turnaround mode—to integrate into their
operations. Generally, CRM is often viewed as an expensive luxury
rather than a necessity. But this need not be the case. If we break
down CRM to its fundamental elements, we can see many ways
that companies without the means or time for a complex software
implementation can still benefit from the actionable intelligence
gained from an active, functional CRM system.
From Address Two to Salesforce.com, there are many wellknown CRM software packages that support an organization’s sales
efforts. The best-known ones are enterprise-level, requiring training,
implementation, and third-party development. While this may work
for organizations with the means and time to devote to the tasks, such
implementations take a proportionately larger bite out of the budgets
of companies in turnaround modes.
The key to effective CRM is to know who should get what, and
noting for future reference what happens when they do. A complete
CRM vertical is one where the sales team (whether inside sales
or relationship managers) leverages the analytics from an initial
response to provide an intelligent, informed follow-up. A practical,
everyday example would be as follows:
• An email goes out to 150 recipients who are qualified as should
be customers but aren’t.
• The email has three unique clickable calls-to-action.
and others. This can also be something you make yourself in
Microsoft Access, or a simple table you set up in Excel.
The user’s pathway can thus be designed to be the following path:
• The user clicks on a call-to-action link in the email.
• The link is a unique URL that leads to a specific page in the
site.
• That page carries over the messaging from the email, and
provides the payoff for the user, whether a link to a PDF file or
a form that the user can fill out to start receiving updates or a
newsletter.
• Upon completing the action, when the user hits SUBMIT the
page delivers a Thank You message and then goes to the home
page or another page in the site.
Behind the scenes, the email provider and the web analytics package
combine to deliver an “instant replay” of the users’ actions along the
pathway described above:
• Which users opened the email, which did not.
• The total number of web site visitors that came specifically
from the email.
• How many users actually filled out the form or followed
through with the call-to-action.
• The salesperson preparing to make contact with the recipient
references the email click-through data as well as some basic
web traffic data to note which prospect clicked on which link.
There is much more information generated than this, but even with
this amount of data uploaded into the contact database the sales team
knows what kind of follow-up is appropriate for which different user.
Further, all users who completed the same action (clicking on the
email but not completing the call-to-action on the web site) can be
sent a follow-up email with a more focused offering to compel them
to follow through.
• Additionally, the salesperson should be able to know where in
the website visit people dropped off too soon (i.e., before they
checked out their shopping cart or before they filled out and
submitted an inquiry form).
Over time and across several campaigns a picture of what type of
user follows through with what type of call-to-action starts to form,
giving the sales team even more information to use in converting
them from prospects into customers, and then into repeat customers.
Handling these five tasks is the work of just three types of software,
all of which can and should be outsourced to third-party (otherwise
known as SaaS, or Software as a Service) providers:
It would be easy to improperly expand the concept of CRM into
a blunt trauma weapon used for prospect badgering. Although the
technologies described above certainly make this possible, any good
salesperson will tell you that would be at the very least unwise. The
highest and best use for CRM is to provide management and the
front-line sales team with intelligence about which calls-to-action
compel target stakeholders to respond, and which ones don’t.
• Six recipients click on one of the three links (for a total of 18
responses).
• Email composition and delivery service. Use a third party for
serious email sales efforts because they can guarantee delivery,
they have filters that prevent you from accidentally sending
anything that feels like spam, and they offer comprehensive
analytics to help you know who opened what, when, and who
clicked on what, when. Best of all, they charge fractions of a
penny per email, can handily support lists in the tens of thousands,
and can be administered by the most basic administrative staff.
Some providers include MailChimp, Emma, Vertical Response,
and Constant Contact.
• A contact database. The contact database holds all of the
intelligence you are gathering in the course of your emails
and calls. Check out one of the free/very low-cost services
such as FreeCRM, Insightly, Podio, SugarCRM, ZohoCRM
About the Author:
Anthony Long is Principal / Technology & Marketing Practice
Lead at Harrison Group Ventures, a consultancy that serves
turnarounds and start-ups across a wide range of industries. He is a
member of the Chicago chapter of the TMA and can be reached at
[email protected] - http://setupoperations.com.
May 2014 | Page 11
• Basic website analytics. AWStats, GoingUp!, Google
Analytics, Piwik, and Tableau are all examples of free or very
low-cost web analytics options. You need this because you want
to know when a user came to your site from your email, and
which link they clicked on to get there.
The key is that an effective, functional, extensible system for
tracking, managing, and responding to user actions need not be as
involved an implementation as many of the larger CRM packages
require. Each of the main functions—email management, web
analytics and contact data management—can be handled by low-cost
SaaS services, allowing organizations without endless resources to
get squarely into the game.
Community Service Spotlight:
Illinois Legal Aid Online
Illinois Legal Aid Online (ILAO) empowers people to navigate the complicated and costly legal system on their own. In 2013, ILAO
provided user-friendly, online legal resources and assistance to more than 1.3 million visitors to its websites and mobile app. Karla S. was
one of them.
Karla was being hounded by calls from debt collectors and threatened by intimidating
wage assignment papers that arrived in the mail. She didn’t know what to do or where
to turn for reliable information. She didn’t know how to communicate effectively with
her creditors. She also knew that she didn’t want to get caught in the same payday loan
cycle that plagued so many of her family and friends, who were stuck paying another half of what they owed in fees to the lender.
Then Karla found Illinois Legal Aid Online.
At IllinoisLegalAid.org, Karla used an interactive document preparation system to
create letters to her creditors, advising them that she was collection-proof and unable to
pay her bills. Preparing legal documents and forms for court is one of the biggest barriers
self-represented persons face when trying to access the legal system. ILAO’s online
document preparation system allows people to easily put together the necessary letters,
documents, and forms to address their legal problem efficiently and effectively—just
like Turbo Tax for legal documents. For Karla, the threatening calls stopped and her`
creditors were willing to work with her to find a payment plan that she could manage.
Illinois Legal Aid Online
uses technology to lower
barriers to the law so that
people can understand
their legal options.
Sugar Felsenthal Grais & Hammer LLP associate and TMA Chicago/Midwest Chapter
member Jack O’Connor believes ILAO works because it “provides free access to
practical legal resources for people in need.” Karla’s experience affirms the important
role technology plays in putting the law within reach for those in need of legal aid who can’t get help and are forced to face the legal system
on their own.
Illinois Legal Aid Online puts the law within reach for all, regardless of income or location.
Founded in 2001, Illinois Legal Aid Online uses technology to lower barriers to the law so that people can understand their legal options,
make informed decisions, and when necessary, represent themselves. ILAO has spent the past 13 years developing and implementing
innovative technology to address the persistent gap between the need for and availability of free and low-cost legal aid in Illinois. In addition
to its award-winning website, IllinoisLegalAid.org, ILAO created the Illinois Legal Aid mobile app to provide easy access to its resources on
all size devices, and developed a Spanish-language version, AyudaLegalIL.org. Over the past several years ILAO partnered with courts and
public libraries across the state to create public internet access points and establish legal self-help centers in each of Illinois’ 102 counties.
In addition to providing critical legal information for members of the public, like Karla, ILAO also supports pro bono attorneys through
IllinoisProBono.org, a collaborative online resource that helps lawyers and legal professionals find volunteer opportunities that fit their busy
schedules and obtain the training and support they need to do pro bono work. There are currently more than 100 volunteer opportunities
featured on the website, along with free MCLE-eligible training webcasts and interactive legal documents.
O’Connor, who serves as Communications Chairperson for ILAO’s Young Professionals Board, has been involved with ILAO since the
associate board’s inception in 2011. According to O’Connor, “My involvement as a member of the Young Professionals Board has been a
fulfilling experience, connecting me to this innovative organization, its mission, and a network of young professionals with a shared vision.”
May 2014 | Page 12
If you are interested in getting involved and learning more about Illinois Legal Aid Online’s ground-breaking work, visit
IllinoisLegalAidOnline.org or email Executive Director Lisa Colpoys at [email protected].
From the Blog.
Welcome
The TMA Chicago/Midwest chapter is proud to maintain a blog that showcases the expertise of our members. Since
its beginnings in 2011, the blog has grown into a robust platform for our members and serves as further testament to
the capabilities of our chapter. To submit a post, please contact Erin Broderick at [email protected]
MorrisAnderson Assists Global Axcess Corp. in Navigating
the §363 Process
by David Interdonato, MorrisAnderson
MorrisAnderson successfully advised Global Axcess Corp (Global) in the §363 sale of assets to
Financial Consulting and Trading Inc. (FCTI). MorrisAnderson was originally engaged by Global, a
national provider of ATM and DVD kiosk solutions, to assist them in navigating the chapter 11 process
after the sale of the company to a competitor fell through and concessions from creditors would need to
be sought.
Market Challenges
Global had been experiencing financial distress resulting from a consolidating market that resulted in
margin pressure in their core ATM business, combined with severe erosion in the DVD kiosk market.
This pressure on margins and eroding liquidity resulted in a default on their secured credit facilities. After a strategic
assessment, the Global board of directors determined a sale process would maximize enterprise value and recovery to
constituents.
The Path to Chapter 11
A robust marketing process yielded an offer that provided a return to shareholders. However, when that buyer walked
away prior to closing, it was determined that any subsequent offers would not exceed the outstanding liabilities as
operating performance continued to deteriorate. MorrisAnderson was able to guide Global through the bankruptcy
preparation process by gathering information and preparing the documents necessary to file, as well as assist them in
managing liquidity and lender communications. Once a second sale process was able to identify an alternative stalking
horse bidder, a chapter 11 filing was executed. Dave Bagley, MorrisAnderson principal, acted as COO in the process and,
along with the team from the Atlanta and Jacksonville offices of Smith Gambrell & Russell, was able to enact a successful
auction of the assets of the company through the §363 process.
A Positive Outcome
As a result of the successful chapter 11 sale process, an additional $3.5 million in recovery to the secured lender of Global
occurred, the operations yielded a nearly $1.0 million positive variance to the DIP lender’s budget and the majority of the
existing staff was retained by FCTI. This was considered a positive outcome for the debtor as well the secured lender
given the real potential for liquidation if a sale could not be executed.
“Thank you to MorrisAnderson for your hard work and dedication in bringing this deal to a close. Things don’t always go
as planned in these situations and this deal certainly had its share of twists and turns. The outcome would not have been
possible without the support and professionalism of the MA staff. We appreciate all you did to conclude this transaction.”
-- Kevin Reager, President and CEO, Global Axcess Corp
About Global Axcess Corp
Global Axcess is an independent provider of self-service kiosk solutions. These solutions include ATM and DVD kiosk
management and support services focused on serving the self-service kiosk needs of merchants, grocers, retailers, and
financial institutions nationwide. It is a one-stop gateway for unattended self-service kiosk management services. Global
Axcess’ expertise extends beyond ATMs and DVD kiosks to any self-service kiosk, and, with a growing $150 billion selfservice market, the company’s goal is to leverage its ability to deploy, manage, maintain, and process transactions to a
wider range of self-service kiosks.
About MorrisAnderson & Associates
May 2014 | Page 13
MorrisAnderson is a market leader in financial and operational consulting. Drawing on 30 years of deep expertise across a
number of industry sectors, we help businesses find the best possible solution for difficult situations—quickly and honestly.
Unlike consultants who simply give financial advice, we collaborate with management and other stakeholders to create a
comprehensive action plan that addresses immediate challenges and moves your business forward. For more information,
visit www.morrisanderson.com.
New Members are the Strength of Our Organization
We welcome the following new members to the Chicago/Midwest Chapter of the TMA:
Philip Baccus
William Banks, Windsor Steel
Chris Bauer, Anchor BanCorp Wisconsin Inc
Louis Calamaras, Eastman & Associates
Faisal Delawalla, Bryan Cave LLP
Steven Domanowski, Jones Day
Elliot Findlay, Grant Thornton
Lauren Hargrove, U.S. Bankruptcy Court for the
Northern District of Illinois
Tracy Ickes, Ginsberg Jacobs LLC
Patrick Kelly, River Branch Capital
Luke Lonergan, Alvarez & Marsal
Colin McClary, Z Capital Partners LLC
Robert Morris, Huntington Capital Partners, LLC
Noah Ornstein, Kirkland & Ellis LLP
Jeffrey Pawlitz, Kirkland & Ellis LLP
Dave Rosenbaum, MorrisAnderson
Daniel Scouler, Amherst Partners LLC
David Turco, GE Capital
Devon Wichelt, Mallery & Zimmerman SC
Donna Wright, Assurance Agency Ltd
David Zobrist, AlixPartners
Christopher Zweidinger, Assurance Agency
Member News
Making a Difference in the Chicago/Midwest Region and Beyond
Todd Baldi, CTP candidate, was recently promoted to team leader
from senior asset manager at Urban Partnership Bank. He manages
a staff of senior asset managers responsible for resolving the bank’s
resolution portfolio.
Aaron Hammer of Sugar Felsenthal Grais & Hammer LLP
moderated a panel of experienced turnaround professionals on
exploring the use of leverage in business negotiations at the TMA
Global Senate held in Chicago on May 8.
Kevin A. Krakora, senior managing director at Mesirow Financial
Consulting, participated in a panel presentation on the topic of “The
Financial Professional’s Role in Out-of-Court Restructurings” at the
ABI’s Annual Spring Meeting in Washington, DC on April 25. The
presentation focused on the different alternatives and strategies for
restructurings and asset sales, and the pros and cons for various outof-court options versus bankruptcy proceedings.
Loeb Term Solutions is pleased to announce the addition of Dave
Wanders as its newest business development officer. Wanders’
focus will be on expanding the company’s equipment-based lending
portfolio. He is an industry veteran with more than 30 years of
corporate and commercial finance experience, largely in the asset
based industry.
Jamie R. Netznik was elected to the board of the International
Women’s Insolvency and Restructuring Confederation’s (IWIRC)
Chicago Chapter. In addition to her role in IWIRC, Netznik was
also chosen to serve as a contributing editor for the American Bar
Association’s Bankruptcy and Insolvency Litigation Committee.
Tom Gray, CTP, recently published his second book, Business
Techniques for Growth: More tools for Small Business Success. The
book builds on Gray’s first book, Business Techniques in Troubled
Times: A Toolbox for Small Business Success, designed for start-ups.
The new book continues the thread, targeting the need to build a
sustainable and growing bottom line. Together, the two books form
an invaluable set of clearly-explained real-world-tested solutions for
growing a small business.
Sugar Felsenthal Grais & Hammer LLP was selected to receive
three awards from the The M&A Advisor for its role as counsel
to the official committee of equity security holders of AgFeed
Industries Inc. The three awards include: International Deal of the
Year, Consumer and Retail Products Deal of the Year, and §363 Sale
of the Year. Recognized as a leader in all aspects of hog production
efficiency, AgFeed was one of the largest hog producers and
marketers worldwide principally in China and the United States.
Goldstein & McClintock LLLP is excited to announce the opening
of its seventh office in Washington, DC.
The Keystone Group is expanding its office to Atlanta. Amar Shah,
a director with the firm, will be responsible for leading Keystone’s
efforts in the Southeast market.
Get Social!
Follow the TMA Chicago/Midwest Chapter on:
May 2014 | Page 14
Facebook
www.facebook.com
Twitter
www.twitter.com
ww w .tm achi cagom i dw est.org
LinkedIn
www.linkedin.com
What’s the Deal?
Doing Business in Chicagoland and Beyond
Monroe Credit Advisors placed an $18 million senior secured credit
facility for its client, Asure Software Inc. Proceeds of the facility
refinanced the existing debt of the company. The facility included
a $15 million term loan, $3 million revolver, and an additional
uncommitted $10 million term loan facility for future acquisitions.
SAK Management Services LLC was engaged by the Baptist
Homes Society, a continuing care retirement campus in Pittsburgh,
PA as an advisor to the board of directors. SAK was also appointed
patient care ombudsman in the Horizon Health Center Inc. case, a
New Jersey not for profit chapter 11.
AEG Partners was recently retained to assist in the organized winddown of a private-equity owned financial services business located
in the eastern U.S. AEG is managing the process and closure of all
operations on an out-of-court basis.
Sugar Felsenthal Grais & Hammer LLP was chosen to represent
the official committee of unsecured creditors for CPC Laboratories
Inc., currently pending in the Bankruptcy Court for the Northern
District of Illinois. CPC Laboratories manufactures personal
care products for various national brands, including Method soap
products.
ACM Partners was recently retained to advise the management team
of a struggling a $20 million craft and toy company. Additionally,
ACM was recently brought on to support both cash management and
vendor negotiations at a $100 million marketing services company.
Oak Point Partners purchased a portfolio of Default Judgments
from XMH Corp., f/k/a Hartmarx Corporation. Oak Point purchased
the judgments on largely an “as is, where is” basis helping the estate
to monetize assets and move closer to wrapping up.
The PrivateBank extended $30.66 million in credit facilities to
industry-leading catalog printing company, Arandell Corporation,
headquartered in Menomonie Falls, WI.
First Capital provided a $20 million revolving line of credit to Gulf
Packaging Inc., a national distributor of packaging supplies and
equipment. The financing allowed Gulf Packaging to consolidate
eight loosely affiliated entities into one national company and will
provide the ongoing working capital to fund its growth plans.
Bates Management Services LLC is currently engaged as a
strategic and operational turnaround leader for a Milwaukee-area
specialty gear manufacturer.
Goldstein & McClintock LLLP’s recent restructuring and finance
activity included: (a) being retained as lead borrower’s counsel
to a transportation company working to address approximately
$30 million in outstanding debt obligations; and (b) representing
and issuing borrowers’ counsel opinions on behalf of a number of
borrowers, including separate groups of tenant in common borrowers
which purchased a ten-store shopping center for $10.3 million
financed by Barclays Bank and which refinanced a seven-building
126-unit project for $12 million through PyraMax Bank.
Concord Financial Advisors LLC closed a senior secured loan
transaction for a Chicago-based letter shop/direct mail fulfillment
company. The transaction included a $4 million revolving line of
credit and a $2.542 million term loan.
Summit Financial Resources funded a $200,000 factoring line to a
sporting goods manufacturer located in Michigan.
Is the glass finally half full?
Creating Value for Corporate Renewal
Join your colleagues from the
TMA Chicago/Midwest, Detroit/Grand Rapids,
Missouri, Ohio, and Upper Midwest Chapters.
Limited sponsorship opportunities are available.
Contact Chris Glatz at 815-469-2935 or [email protected].
Visit tmachicagomidwest.org to register and learn more.
MidAmerica Regional Conference
September 11-12 ▪ The Graves Hotel ▪ Minneapolis, MN
May 2014 | Page 15
MARC2014
FUELING EXPANSION, ACQUISITION, &
TURNAROUND OPPORTUNITIES
First Business offers asset-based lending and factoring solutions to small- and mid-market companies needing
to borrow up to $10,000,000+, helping highly leveraged companies make critical business transitions. We offer
unmatched personal service, flexibility, and integrity. If there’s an opportunity for us to help, please give us a call.
ASSET-BASED LENDING – FIRST BUSINESS CAPITAL CORP.
Joe Cillian – Cleveland Office – 216 - 573 - 3792
Michael Doyle – Denver Office – 303 -715 -1775
Ralph Kourtjian – Detroit Office – 248 -358 - 6636
Pete Lowney – Madison Office – 608 -232 - 5987
Mike Colloton – Milwaukee Office – 262 -792 -7180
John Hoagberg – Minneapolis Office – 952 - 892 - 8422
FACTORING – FIRST BUSINESS FACTORS
Gail Heldke – Division Manager & Chicago Office – 847- 493 - 8305
Gay Denny – St. Louis Office – 314 - 412 - 3091
Chuck Batson – President & CEO – 608 -232 - 5980
Turnaround Financing : Acquisitions : Debt Restructuring
Debtor-in-Possesion & Confirmation Financing : Rapid or Seasonal Growth
www.firstbusiness.com
2014 Newsletter Publication Schedule and Advertising Information
The Newsletter of Corporate Renewal is published five times per year in January, March, May, August and October, and is now distributed
both in print and electronic form. All advertisements in the Newsletter are available to members and non-members in PDF format on the
chapter website. TMA eNews is also emailed directly to all Chicago/Midwest members. The Newsletter is distributed to the entire Chicago/
Midwest Chapter of more than 1,000 members, who are located primarily in Illinois and Wisconsin.
Each edition of the Newsletter is also distributed to regional members of a guest organization whose members overlap with TMA’s (see
“Bonus Distribution” in the Publication Schedule below), including the American Bankruptcy Institute (ABI), the Commercial Finance
Association (CFA), the Midwest Business Brokers and Intermediaries (MBBI), the International Women’s Insolvency & Restructuring
Confederation (IWIRC), the Association for Corporate Growth (ACG) and the Association of Insolvency and Restructuring Advisors (AIRA).
Issue
August
2014
October
2014
Bonus
Distribution:
ACG
AIRA
July 11
September 12
Ad
Deadline:
May 2014 | Page 16
2014 Newsletter Ad Rates
Size
Dimensions
Color
Black & White
Full Page
7.75 x 10
$1,460
$1,065
Half Page
7.75 x 5 (horizontal)
3.75 x 10 (vertical)
$820
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Quarter Page
3.75 x 5
$525
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Eighth Page
3.75 x 2.5
$315
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For questions about advertising in this newsletter, please contact Joanne Krakora at [email protected].
Turnaround Management Association Chicago/Midwest Chapter
Memorial Scholarship Foundation Board of Directors
President
Chris Horvay
Sugar Felsenthal Grais & Hammer LLP
312-704-2173
[email protected]
Vice-President
Mike Paulsen
Lockton Companies LLC
773-853-5588
[email protected]
Directors
Suzanne Koenig
SAK Management Services
773-202-0000
[email protected]
Treasurer
Bernadette Barron
Barron Business Consulting
312-422-0040
[email protected]
Secretary
Carl Lane
Willow Tree Consulting Group LLC
312-283-8820
[email protected]
Norm Newman
Much Shelist Denenberg Ament & Rubenstein PC
312-521-2492
[email protected]
To contribute to the Foundation, or to receive a scholarship application
form, please contact the Chicago/Midwest Chapter office at
(815) 469-2935 or visit www.tmachicagomidwest.org.
Barb Yong
Golan & Christie LLP
312-696-2034
[email protected]
Chicago/Midwest Chapter CTPs and CTAs
Certified Turnaround Professionals (CTPs)
Thomas J Allison & Associates
Huron Consulting Group
Carrac Capital Partners LLC
Barron Business Consulting
Prairie Street Capital Inc
FGMK LLC
Buccino & Associates Inc
FTI Consulting
Consultant
Heartland Capital LLC
O’Keefe
MorrisAnderson
AlixPartners
AlixPartners
Finkbiner Duffy & Clapp SC
Commercial Recovery Associates LLC
Jessup Manufacturing Company
Telecom Expert Group
Alvarez & Marsal
Capstone Advisory Group LLC
Condor Financial Group Inc
Prairie Advisors
Mesirow Financial Consulting LLC
Enterprise Management Group USA
Kutchins Robbins Diamond Ltd
White Oak Group
Pathfinder Group LLC
Shepherd Partners Inc
First Capital
Deloitte CRG
Lake Pointe Partners LLC
McKinsey & Company
Conway MacKenzie Inc
Rudnicki & Associates
Alvarez & Marsal
Atlas Partners LLC
JKS Business Consulting
Conway MacKenzie Inc
KaufmanHall
Huron Consulting Group
The Keystone Group
Union Bank NA
Conway MacKenzie Inc
MorrisAnderson
Global Turnarounds Inc
Wells Fargo Bank NA
Promontory Point Partners LLC
BBK Ltd
Huron Consulting Group
High Ridge Partners Inc
Conway MacKenzie Inc
Certified Turnaround Analysts (CTAs)
Thomas Goldblatt
David Johnson
Dean Lindo
Allen Pratt
Kilby Williamson
Nick Zaccagnini
Ravinia Capital LLC
ACM Partners
Hawkeye Consulting Advisors Ltd
Johnson Controls Inc
Huron Consulting Group
May 2014 | Page 17
Thomas Allison
Ray Anderson
David Bagley
Bernadette Barron
Michael Barry
Ronald Bienias
Gerald Buccino
Michael Buenzow
Suzanne Burke
Timothy Czmiel
David Distel
Daniel Dooley
Darin Facer
Michael Feder
David Finkbiner
Alan Friedman
Kiran Gandhi
Thomas Gray
Nicholas Grossi
Mark Hagar
Jeffrey Hyland
Gilman King
Brent King
Melissa Knoll
Dennis Kraska
Allen Kutchins
Murray Lessinger
David Mack
Tony Natale
Harry Novak
Thomas O’Donoghue
Randall Patterson
Sandra Reese
Peter Richter
James Rudnicki
Paul Rundell
Roger Ruttenberg
John Sanders
Joshua Siano
Anu Singh
Benjamin Smith
Brian Stewart
Roger Tauchman
Timothy Turek
William Van Der Weele
Kobus van der Zel
James Vargo
Jeffrey Vogelsang
Robert Webb
Daniel Wikel
Frank Wojtowicz
A Zappone
May 2014 | Page 18
Turnaround Management Association Membership Application
Officers
Turnaround Management Association Chicago/Midwest
2014 Board of Directors and Steering Committees
President
Dan Wikel
Huron Consulting Group
312-880-3003
[email protected]
President-Elect
Aaron Hammer
Sugar Felsenthal Grais & Hammer LLP
312-704-2170
[email protected]
Vice President-Communications
Zachary Garrett
Goldberg Kohn Ltd.
312-863-7149
[email protected]
Vice President-Programs
Mike Egan
Monroe Capital
312-258-8300
[email protected]
Secretary
Andrea Frost
Kaye Scholer LLP
312-583-2409
[email protected]
Treasurer
John Kemp
Wolverine Partners
630-215-9383
[email protected]
Ex-Officio Past President
Vice President-Education
Kevin A. Krakora
Mesirow Financial Consulting LLC
312-595-8511
[email protected]
Committee Chairs
Jeffrey S. Hyland
Capstone Advisory Group LLC
312-588-7101
[email protected]
Awards
Paul Krantz
PNC Business Credit
312-454-2959
[email protected]
Peter Roberts
Shaw Fishman Glantz & Towbin LLC
312-276-1322
[email protected]
Brian Stewart
The Keystone Group
312-960-3630
[email protected]
Breakfast Forum
Gordon Gouveia
Shaw Fishman Glantz & Towbin LLC
312-980-3816
[email protected]
Evelyn Guzman
MB Financial Bank
312-948-2820
[email protected]
Ryan Jaskiewicz
12five Capital
630-631-8606
[email protected]
Communications
Erin Broderick
Baker & McKenzie LLP
312-813-1984
[email protected]
Abhi Hazarika
McKinsey & Company
312-216-7546
[email protected]
Jack O’Connor
Sugar Felsnethal Grais Hammer LLP
630-308-2487
[email protected]
Continuing Education
Mark Melickian
Sugar Felsenthal Grais & Hammer LLP
312-704-2170
mmelickian@sugarfgh
David Serritella
Pedersen & Houpt
847-219-3167
[email protected]
Mike Egan
Monroe Capital
312-258-8300
[email protected]
David Enghauser
Cole Taylor Bank
312-960-5360
[email protected]
Rebecca Fruchtman
Bank of America Merrill Lynch
312-992-8273
[email protected]
Ryan Jaskiewicz
12five Capital
630-631-8606
[email protected]
Jeff Kolke
GE Capital
312-441-7122
[email protected]
Mark Leipold
Gould & Ratner LLP
312-899-1651
[email protected]
Peter Roberts
Shaw Fishman Glantz & Towbin LLC
312-276-1322
[email protected]
Brian Stewart
The Keystone Group
312-960-3630
[email protected]
Chapter Administrator
David Johnson
ACM Partners
312-505-7238
[email protected]
Christine M. Glatz
Glatz Management Services Inc.
815-469-2935
[email protected]
Brian Whittman
Alvarez & Marsal LLC
312-601-4227
[email protected]
Tim Serritella
Perfection Industrial Sales
847-427-3333
tim@perfectionindustrial.
Special Programs
CTP Relations
Milwaukee
David Enghauser
Cole Taylor Bank
312-960-5360
[email protected]
Tom O’Donoghue
Deloitte CRG
312-486-0226
[email protected]
Gene Arenson
HYPERAMS LLC
282-225-5857
[email protected]
Joe Fobbe
Cole Taylor Bank
312-422-5130
[email protected]
Kobus van der Zel
Global Turnarounds Inc.
312-235-2325
[email protected]
Michael Bates
Bates Management Services LLC
262-501-0259
[email protected]
David Mack
Pathfinder Group LLC
847-274-7604
[email protected]
Entertainment
Bill Farrar
Associated Commerical Finance Inc.
414-283-2590
[email protected]
Sponsorship
Michael Brandess
Sugar Felsenthal Grais & Hammer LLP
312-704-2179
[email protected]
Tom Goldblatt
Ravinia Capital LLC
773-336-2833
[email protected]
Tom Jones
Concord Financial Advisors LLC
312-545-5200
[email protected]
Erik Chalut
Dentons
312-876-7402
[email protected]
NextGen
George Mesires
Faegre Baker Daniels LLP
312-356-5101
[email protected]
Bill Hackney
SmithAmundsen LLC
312-894-3370
[email protected]
Angela Allen
Jenner & Block LLP
312-840-7218
[email protected]
Rob Meyers
Bibby Financial Services (Midwest) Inc.
630-788-5100
[email protected]
Jeff Kolke
Monroe Capital LLC
312-523-2379
[email protected]
Alex Boerema
High Ridge Partners Inc.
312-456-5636
[email protected]
Joel Schneider
Hilco Real Estate LLC
847-418-2723
[email protected]
Finance
Kathleen Parker
HYPERAMS LLC
847-499-7049
[email protected]
University Relations
Brian Bonavari
Grant Thornton LLP
312-602-8707
[email protected]
Robert Pachmayer
Mesirow Financial Consulting, LLC
312-595-8505
[email protected]
Ben Smith
Huron Consulting Group
312-804-8225
[email protected]
Membership
David Johnson
ACM Partners
312-505-7238
[email protected]
David Levy
NRC Realty & Capital Advisors
312-278-6852
[email protected]
Michael Teplitsky
Wynnchurch Capital Ltd.
847-604-6120
[email protected]
Melissa Dimitri
Grant Thornton LLP
312-602-8367
[email protected]
Pro Bono
Mark Leipold
Gould & Ratner LLP
312-899-1651
[email protected]
Karl Madsen
OpteonGroup LLC
219-801-8434
[email protected]
Jonathan Silverberg
Liquitec Industries Inc.
847-903-2024
[email protected]
Lou Marosi
Linkage Capital Management LLC
847-382-6801 x 201
[email protected]
Women’s Group
Barb Yong
Golan & Christie LLP
312-696-2034
[email protected]
Rebecca Fruchtman
Bank of America Merrill Lynch
312-992-8273
[email protected]
Candice Klein
Sidley Austin LLP
312-853-7778
[email protected]
Alicia Meyerhoff
636-448-9178
[email protected]
May 2014 | Page 19
Nick Miller
Neal Gerber & Eisenberg LLP
312-269-5654
[email protected]
Directors
Christine Glatz, Chapter Administrator
P.O. Box 33
Frankfort IL 60423
(815) 469-2935 Fax (815) 469-1901
Email: [email protected]
Welcome Midwest Business Brokers
& Intermediaries and International
Women’s Insolvency & Restrucrturing
Conferderation members. You have
been included in this complimentary
issue of The Newsletter of Corporate
Renewal because of our shared interests.
We hope you enjoy it. Please note our
event schedule on page four and join
us at any of our upcoming meetings. We
look forward to seeing you.
Thank You 2014 Sponsors
Platinum Sponsors
Gold Sponsors
Abrams & Jossel Consulting Inc. | AccuVal-LiquiTec | AlixPartners LLP | Conway MacKenzie Inc.
Deloitte Services LLP | Ettin Group | Fort Dearborn Partners Inc./Fort Dearborn Advisors
Freeborn & Peters LLP | Gibraltar Business Capital | Goldberg Kohn | Gordon Brothers Group
Gould & Ratner LLP | Great American Group | Greenberg Traurig LLP | HYPERAMS LLC
Liquidity Services Inc. | Loeb | Mesirow Financial Consulting LLC | NRC Realty & Capital Advisors
PPL Group | Ravinia Capital LLC | Ritchie Bros | Schiff Hardin LLP | SmithAmundsen LLC