May 18, 2011 Minneapolis, MN. – Turning Point Management Advisors, LLC (“Turning Point”), a leading consulting firm providing business recovery solutions, interim executive management and business brokerage services, is pleased to announce their client, Ramco Innovations, Inc. ((“Ramco”), Des Moines, IA, has sold Humboldt Controls and Fabricating LLC (“HCF”), Humboldt, IA, a division of Ramco, […]
This story is about Sivyer Steel Corporation, a turnaround that earned us the 2019 Turnaround of the Year Award. Even better, we gained the satisfaction of keeping the business operating throughout and out of a Chapter 11 363 sale bankruptcy. The turnaround of Sivyer Steel Corporation. Sivyer Steel located in Bettendorf IA was (and still […]
The Minnesota Chapter of the Turnaround Management Association congratulates Turning Point Management Advisors LLC, winner of the Chapter’s 2014 Transaction of the Year Award for its work with Mansfield Brass & Aluminum Corporation of New Washington, Ohio. The Transaction of the Year Award recognizes excellence and extraordinary achievement by turnaround and insolvency professionals working with […]
Situation: A family-owned, 95 year-old, wholesale distribution business that provided the highest quality brand name supplies and equipment to institutional and industrial launderers and dry cleaners in the upper Midwest had experienced three years of declining revenues along with operating losses. The downward trend in financial results had caused the Company’s lender for over 20 years, to become concerned […]
A family owned investment firm acquired two outstate, Minnesota-based, manufacturing companies. Unfortunately, under the new management, the company was not profitable. Turning Point assumed the roles of executive management and were charged with running the Company’s day to day operations and reported directly to the Company’s board of directors.