Portage Point Adds Renowned Turnaround Executive Tom Allison

CHICAGO, Aug. 23, 2018 /PRNewswire/ -- Portage Point Partners, LLC (Portage Point), an interim management and advisory firm, announced today that legendary turnaround executive Thomas J. Allison has joined the firm as a Senior Advisor.

"Tom is truly a legend in the turnaround and restructuring industry," said Matthew Ray, Managing Partner of Portage Point Partners. "I am both humbled and thrilled to have him join our growing team. His world-class experience and capabilities as well as his extensive business network will be significant assets to Portage Point and our clients."

Inducted into the Turnaround Management Association (TMA) Hall of Fame in 2018, Tom is one of the foremost professionals in the corporate renewal industry and was the 2017 recipient of the TMA Legend Award. He has been a corporate officer and key advisor in some of the world's largest and most complex turnarounds and restructurings. In 2018, Tom was the first recipient of the TMA Peter Tourtellot Award. He has held the Certified Turnaround Professional (CTP) designation since 1994.

"Matt and I have worked so well together on many engagements over the years, and it is a natural progression for us to formalize that partnership," said Tom Allison. "I am excited to be joining Portage Point Partners as the firm continues to execute on substantial growth opportunities."

Previously, Mr. Allison was the Executive Vice President and Senior Managing Director at Mesirow Financial Consulting. Prior to Mesirow, Tom was one of the original founders and National Restructuring Group Practice Leader for Huron Consulting as well as the Partner-in-Charge for Arthur Andersen's Central Region Restructuring Practice. Mr. Allison has served on numerous Boards of Directors and is currently a Director and Restructuring Committee member for The NORDAM Group, Director and Audit Committee Chair for Monroe Capital, Director, Board Chair and the Audit Committee Chair for Katy Industries and Director for PTC Group Holdings Corp.

About Portage Point Partners
Portage Point is an interim management and business advisory firm that partners with middle market companies and their stakeholders during periods of distress or transition. Our proven team of operators, investors, lenders, advisors and board members has the unique ability to identify, preserve and create value in challenging and complex situations. We have a successful track record in both operational turnarounds and financial restructurings that is built upon differentiated strategic insight, disciplined operational execution and deep financial expertise.

Founded in June 2016, Portage Point has completed over 15 engagements and earned recognition from industry-leading organizations receiving multiple transaction and individual awards. For more information, please visit www.portagepointpartners.com.

SOURCE Portage Point Partners