Capstone Partners Engagement on Behalf of EEI Wins Corporate Wind Down of the Year Award
Capstone Partners Financial Advisory Services (FAS) team is pleased to announce that its engagement on behalf of EEI has been honored by the Detroit Chapter of the Turnaround Management Association as its Corporate Wind Down of the Year for 2024.
We are incredibly pleased at the outcome of this assignment,” said Managing Director Sheldon Stone, who led the Capstone team. “This award is a testament to the skill and dedication of the advisory professionals working on behalf of both the debtor and the creditors, that we were able to deliver such a positive outcome for so many stakeholders.”
In addition to Stone, the Capstone team included Director Brian Phillips and Vice Presidents Erik Morandi and Chantelle Horton.
EEI was an award-winning experiential marketing company known for its full-service production capabilities for conventions, trade shows, marketing events, and similar brand-building experiences. EEI specialized in serving mass market automotive OEMs and their suppliers.
Capstone Partners honorees and colleagues pictured left to right: Chantelle Horton, Brian Phillips, Sheldon Stone, Michael Kummer, Vikram Vennapusa, and Erik Morandi
As a result of Capstone’s work, EEI was able to fulfill its obligations to customers as it wound down operations, the lone senior lender was paid in full, the unsecured creditors received a recovery more than the projected budget, and a significant number EEI employees were offered immediate employment at competitors and vendors.
ABOUT THE TURNAROUND MANAGEMENT ASSOCIATION
The Turnaround Management Association (TMA) is a global nonprofit organization dedicated to the support of corporate restructuring, reorganization, and corporate health professionals worldwide.
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company’s lifecycle. Capstone’s services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.
For More Information Contact:
Lorene Branch
Marketing Manager, Financial Advisory Services
248.219.5163
lbranch@capstonepartners.com
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