Emerging News On Corporate Turnaround Services Company Turnaround Partners, Inc. (TRNP)
Turnaround Partners, Inc. (Stock Symbol: TRNP) provides micro and small cap public and private companies with business turnaround and merchant banking services at a level of experience generally available only to large, well-established public companies.
Turnaround Partners offers clients a full understanding of all facets of successful business turnarounds, customizing a wide range services to meet the needs of its clients.
Turnaround Partners and its subsidiary, Corporate Strategies, have a unique group of professionals experienced in the business turnarounds. In February 2006 Turnaround Expert Fred Zeidman was appointed Chairman of The Board. Mr. Zeidman is internationally known as a turnaround expert and business developer. His experience includes acting as Chairman and CEO of Seitel, Inc. which he recently led through a successful $300 million reorganization.
Mr. Zeidman’s business development efforts include building Unibar Energy Services into the largest domestic drilling fluids company in the USA. The company was sold to Anchor Drilling Fluids.
Mr. Zeidman commented on his role as Chairman, “I view Turnaround Partners as an opportunity to use my skills and experience in a unique and interesting plan to help emerging and re-emerging public companies restructure, and hopefully, prosper."
Turnaround Partners provides business turnaround services largely for equity in the public companies contracted with. They view their business as having the opportunity to produce returns far greater in equity growth than solely cash compensation.
Turnaround Partners is rapidly building a reputation as being one of the most knowledgeable, effective and aligned turnaround and business development experts in the market.
Corporate Business Turnaround Services include:
- Business plan strategy, development and implementation
- Analysis of strengths and weaknesses in organizations
- Accounting, legal, and human resource development
- The ability to directly invest in client companies
- Access to all types of debt and equity financing from both the domestic and international markets
- Accounts Receivables (factoring), equipment leasing and capital investment financing
