Carl Marks Receives Turnaround Management Association's Large Company Turnaround of the Year Award

October 8, 2010

Carl Marks Receives TMA Large Company Turnaround of the Year Award

Turnaround Managment Association Award 2010

The Turnaround Management Association (TMA) has recognized Carl Marks Advisory Group LLC with the prestigious Turnaround of the Year Award for the successful restructuring and revitalization of Sleep Innovations Inc. during the TMA's Annual Convention at the JW Marriott Grande Lakes in Orlando.

Carl Marks earned the coveted honor in the "Large Company" category, which recognizes successful engagements with revenue of $300 million USD or greater at the onset of the turnaround, which was led by Richard A. Heller, partner at Carl Marks, who served as interim CEO during the turnaround.

According to TMA, winners of the Turnaround of the Year awards exemplify the ability of turnaround professionals to apply unique solutions and tools to overcome complex and challenging situations. They also represent the significant results that can be achieved by using well-executed, textbook turnaround management techniques to transform a troubled company of any size in a variety of industries.

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Sleep Innovations