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WHAT'S INSIDE:
Executive Speakers Forum
Pres/VP's Final Farewell
Holiday Parties - Past and Future
TMA NOW Cooking Class
Member News
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TMA Chicago/Midwest | December 2024 | Q4 | |
EXECUTIVE SPEAKER'S FORUM | |
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Bob Costas Headlines an "Awarding" 16th Annual Executive Speaker Forum
By Stephen Beriau, Co-Chair, Executive Speaker Forum Committee
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Celebrating our 16th annual Premier Event, TMA Chicago welcomed 612 members and friends leading to our largest attendance since the event’s inception. With many individuals joining from our sister TMA Chapters, our premier event continues to grow every year.
Our guest, Bob Costas, has had an illustrious career as a sportscaster and commentator with one of his generation’s most distinctive voices. His ability to charm an audience and give pointed opinions was felt throughout the interview. A special thanks to Jamie Sprayregen as moderator.
We’d also like to thank Hilco and Harney Partners, the Keynote and Premier sponsors, for their support. Without them, and all the table sponsors, this exceptional event would not have been possible. Below is a video link highlighting the remarkable evening. We encourage you to share your experience on your social media pages.
2025 planning is already underway, and we look forward to having you join us again. Any individuals interested in joining the committee can reach out to Jamie Cote, Gordy Gouveia, Stephen Beriau, Tim Serritella or the chapter office.
Click below for a slideshow from the evening. Thank you again for your support!
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Check out our Award Winners! | |
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Turnaround Legend
William Hass, CTP, Teamwork Technologies, Inc
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Outstanding Service Award
Jamie Cote, Hilco Global
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Outstanding Service Award
Erin West, Godfrey Kahn
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Emerging Leader
Samantha Ruben, Dentons
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Large Turnaround
McDermott Will & Emery for OSG Holdings Inc.
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Large Transaction
Huron for Vital Pharmaceuticals
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Small Transaction
Novo Advisors for GigaMonster Networks LLC
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Small Turnaround
Advocate Advisors for Instrument Sales and Service - Project Stingray
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Distressed Real Estate
GA Group, formerly known as, B. Riley for United Furniture Industries
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CHAPTER LEADERSHIP MUSINGS | | |
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Success Through Service: Closing the Year and Focusing on Yourself
Jack O'Connor, Levenfeld Pearlstein LLC
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I am humbled and honored to have served as Chapter President in 2024. We accomplished so much this year; with record attendance at many of our events, connecting with one another to elevate ourselves and the industry, and finding collective Success Through Service. I’m proud of what we’ve done together this year.
The final pillar of service that I want to focus on in 2024 is how serving ourselves is just as important to our personal success as serving others.
I personally bristle at the overuse of the phrase “self care,” in recent years as a stand-in for many folks (myself included) to justify bad habits, rather than finding the substantive wisdom of how caring for ourselves is imperative to being able to show up for others in the best way possible. Read more...
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VICE PRESIDENT COMMUNICATIONS | |
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Big wave surfer, Laird Hamilton, accomplished a very rare feat. Not only did he transcend his surfing sport, but he has become a legendary sports icon recognized across many sports and fitness domains. It started out by him and his group of friends working tirelessly for many years to master surfing the biggest waves on the planet, using motorized pull-in techniques, and developing special boards and hydrofoils to allow them to surf ever larger waves.
The turnaround industry started feeling tectonic plates in the economy move in 2008, which were met by multiple tsunami waves of government funded debt, which temporarily displaced the majority of the risk from the economy to the government. As we enter 2025 the weight of this debt and misappropriated capital is causing these tectonic plates to move once again with the appointment of Elon and Vivek to reign in government spending. Read more...
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Kevin A. Krakora, CTP, Managing Director with Getzler Henrich, recently had two expert editorials featured by Wine Industry Advisor. The articles titled “The Grapes of Math: How the Wine Industry Can Survive Financial Uncertainty” and “Uncorking Profitability: Cost Cutting and Revenue Generating Strategies for Wineries” deal with the issues and challenges facing wineries and offer strategies for adapting to current market conditions. Kevin recently served as Chief Restructuring Officer for Spring Mountain Vineyard in Napa County. | | |
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Republic is proud to announce that its President, Robert Meyers was named the President of the Secured Finance Network. Robert is the youngest President in the 80 year history of the Secured Finance Network. | | |
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David Onion was recently appointed as receiver in the Circuit Court of the Eighteenth Judicial Circuit of the State of Illinois. The receivership estate includes a 120,000 foot class B office building with a credit tenant and significant vacancy. The scope of the receivership includes property management and marketing of the property. | | |
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Charles Winternitz, President of Winternitz Industrial Auctioneers & Appraisers announces the completion of the following auctions: Levantina Stone, Chicago IL, Dallas & Austin TX; ODW Logistics, WI; Wild Rose Foods, OR; Marion Mfg., IL; Basic Markets, OR; Fermented Nutrition (Packerland), WI; Victory Tailgate, FL; Nodak, ND; Christensen Printing, NE; Ralos Eixom, IA. Upcoming Auctions include: Ashley Furniture, NC; Alliance Specialties, IL; Adams Foam Rubber, IL. | | |
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Wenxin Zhang, a PhD student at the University of Illinois and recently co-founded the Illinois Science Policy Consortium with peers from the University of Chicago and Northwestern University. The consortium aims to educate policymakers and the public on STEM-related topics by providing accessible, up-to-date knowledge, reducing the need for technical expertise to interpret scientific papers. Feel free to reach out if interested! | | |
CHAPTER NEWS: TMA OUT N' ABOUT | | |
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October 1: Lender WorkoutPanel at The Ivy Room
By Paul Musser, Katten Muchin Rosenman LLP
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The TMA Chicago/Midwest Chapter held its Annual Lender Workout Panel at The Ivy Room in Chicago, attracting over 100 registrants and followed by a networking reception.
Moderated by Paul Musser, host of the TMA Chicago/Midwest podcast and Insolvency and Restructuring partner at Katten, the panel featured special assets officers from traditional banks and private credit institutions with a wealth of experience in cash flow, asset-based and commercial real estate loans. The panelists were David Heyson of U.S. Bank, Brandon Karpeles of Wintrust Financial Corporation, Jennifer Kempton of CIBC Bank USA, Mike Kriz of Antares Capital LP and Bennett Morton of TPG Twin Brook Capital Partners. Together, they discussed hot topics such as frontline observations, strategies for managing distressed debt workouts, differences in handling distressed credits between banks and private credit institutions, and the latest market trends.
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October 10: Fall Golf for NextGen
By Sophia Levinson, Aurora Management Partners
| The NextGen group went down to Lost Marsh Golf Course in Hammond, Indiana to network and play a round of golf. It was a beautiful day, and 30 members got together. Everyone had a great time playing and networking with others. Overall, it was a successful outing! | | |
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October 24: TMA NOW Cooking Fun
By Kelly Desgrosseilliers, Epiq Global
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TMA NOW hosted an Italian cooking class at Tutore Cooking School in Avondale, Chicago. The event was a huge success, it was filled to capacity, and everyone had a fabulous time learning how to make fresh pasta while enjoying delicious cocktails. The highlight of the evening was feasting on the pasta each team created. Buon Appetito!
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December 3: Decking the Halls at The Dalcy
By Jamie Cote, Hilco Real Estate
| TMA Chicago/Midwest hosted its annual holiday party at a new location, The Dalcy, in the West Loop. The event hosted the largest number of attendees in years, with 217 registered attendees. The event provided a great place to reconnect with old friends and meet new contacts. Attendees enjoyed great food and drinks at a great venue and were able to share stories of this year’s happenings and plans for next year. It was a great way to kick off several weeks of industry holiday parties. | | | | | |
