Boston, MA – Capstone Partners’ Financial Advisory Services (FAS) team’s engagement on behalf of Michigan-based S&B Umbrella Corp., an industrial metal stamping business serving the automotive industry, has been named Turnaround of the Year by the Detroit Chapter of the Turnaround Management Association (TMA).
We are always focused on helping our clients resolve challenges as quickly as possible but are even more attuned to the need for expediency for automotive industry clients since any set back can send ripple effects throughout the entire supply chain. In this case, we had a new lender identified when a customer decided to resource their parts, requiring a pivot to consolidate operations and sell an underutilized facility and equipment before finding a new lender. In the end, the result exceeded our client’s expectations and put them on the path back to long-term success and viability.
The team was honored at the Detroit TMA chapter awards ceremony on May 3, 2023.
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.
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