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, to Voyager Aluminum (“Voyager”), Brandon, MN effective April 30, 2011.
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.
A mid –sized iron foundry in the Upper Midwest had been losing money for 3 years in a row and had defaulted under their credit agreement. The principals of Turning Point were engaged to assess the Company’s financial and operational plans, to manage the cash crisis, drive a turnaround and re-establish the basis from which to renegotiate the credit facility.