May 21, 2019: Winners throughout the restructuring and M&A communities were honored at the 11th Annual Turnaround Atlas Awards Gala and ceremony celebration, hosted by the Global M&A Network, and held in New York. The independently governed awards recognize excellence in categories of transactions, outstanding firms, top U.S.A professionals and legendary leaders in law, investment banking, restructuring advisory and private equity.
“The Turnaround Atlas Awards validate excellence, tireless work of professionals and firms from the industry. Winners should take pride for effectuating successful restructurings, proving their creativity, expertise and differentiated talents” said Shanta Kumari, CEO and Global Group Editor at Global M&A Network.
The LM+Co team implemented operational and financial strategies to grow patient volume, increase reimbursement per treatment, improve collections and mend relationships with the local physician group. These strategies helped the Center increase revenue and profitability. With the successful operational turnaround, LM+Co advised the Center on completing a $150 million tax-exempt bond and subordinated bond transaction. Proceeds of the financing were used to refinance debt and to buyout the Center’s former ownership group by the Public Finance Authority. With access to longer
LM+Co Capital’s leadership as advisor to the debtor throughout the Xpress Global Systems restructuring and its acquisition by Aterian Investment Partners earned the Firm recognition for 2018 Logistics & Transportation Restructuring of the Year.
XGS is the leading specialized LTL provider of time-definite surface transportation, warehousing, distribution and related value-added services to the Floor Covering Industry. The Company operates 28 service centers across the United States and services more than 3,000 customers. XGS is the leading specialized LTL provider of time-definite surface transportation, warehousing, distribution and related value-added services to the Floor Covering Industry. The Company operates 28 service centers across the United States and services more than 3,000 customers. The completion of this sale preserved hundreds of jobs, and established a solid platform to explore and launch additional growth initiatives.
XGS Chief Executive Officer Darrel Harris previously noted, “The LM+Co team was instrumental in managing the various complexities of this transaction. They provided strong support and expertise throughout the sale process.”
LM+Co was named USA Boutique Consulting Firm of the Year.
“The entire Loughlin Management team is proud of our colleagues who were honored for their fine work”, commented Jim Loughlin, founding partner and managing director. “We are very pleased that our Firm has been recognized once again for our success creating sustainable value for our clients.
About Loughlin Management Partners + Co
In Private Equity Value Creation, Turnaround + Restructuring and Corporate Finance, LM+Co has distinguished itself by focusing on identifying and implementing actionable solutions and delivering results that maximize enterprise value. LM+Co has a dedicated healthcare team that can assist companies to improve operations through revenue enhancement, cost reduction and working capital improvements. The firm provides interim management solutions, with an emphasis on revenue cycle, performance improvement, and regulatory/ compliance projects. For further information, please see www.lmcopartners.com