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Turnaround and Transaction of the Year Awards



The Turnaround and Transaction of the Year Awards are the most prestigious awards in the industry. 

Recipients of this distinguished honor showcase what TMA members do best -- find value where it was lacking, maximize productivity and profitability in seemingly defunct businesses, and perhaps most importantly, save jobs. The Turnaround and Transaction Awards are chosen based on a rigorous peer-review process. The Awards Committee is carefully composed to represent the diversity of the TMA Membership. As the judges review all components of the entry, they look for well-defined, measurable outcomes. 

The Turnaround of the Year Award recognizes the individuals who improve business by implementing effective operations, establishing solid management, generating positive cash flow, or affecting other operational enhancements (typically outside of a court process) leading to the recovery of a struggling business.

Turnaround entries include the following categories listed below:

  • Small Company Turnaround (company revenue at the time of turnaround was less than $50 million USD)
  • Mid-Size Company Turnaround (company revenue at the time of turnaround was $50 million to $299 million USD) 
  • Large Company Turnaround (company revenue at the time of turnaround was $300 million to $1 billion USD) 
  • Mega Company Turnaround (company revenue at the time of turnaround was at least $1 billion USD) 
  • International Company Turnaround (a company with significant cross-border operations) 
  • Pro Bono Turnaround (no fees in exchange for services); entry must demonstrate financial stability 
  • Non-Profit Turnaround (a tax-exempt organization without shareholders that uses its surplus net assets to achieve its mission)


The Transaction of the Year Award recognizes the individuals who orchestrate a non-operational restructuring, including merger and acquisition, sale, loan, liquidation, debt restructuring, or other capital reorganization (typically within a court process), to preserve value in a struggling business.

Transaction entries include the following categories listed below:

  • Small Company Transaction (company revenue at the time of the transaction was less than $50 million USD)
  •  Mid-Size Company Transaction (company revenue at the time of the transaction was $50 million to $299 million USD) 
  • Large Company Transaction (company revenue at the time of the transaction was $300 million to $1 billion USD)
  • Mega Company Transaction (company revenue at the time of the transaction was at least $1 billion USD)
  • International Company Transaction (a company with significant cross-border operations) 
  • Pro Bono Transaction (no fees in exchange for services); entry must demonstrate financial stability 
  • Non-Profit Transaction (a tax-exempt organization without shareholders that uses its surplus net assets to achieve its mission)

Read the press release announcing the recipients of the 2020 TMA Turnaround and Transaction Awards and view past award recipients. 

To dive deeper on a few of our previous award winners, click here.

Questions? Email Crystal Killeen 

Oct
28

2020 TMA NextGen Leadership Conference

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Oct
28

TMA Town Hall: Standing Out and Making Moves in a Remote Environment, presented by TMA NextGen

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May
4

2021 TMA NOW Summit

Austin, TX United States
Oct
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The Annual: TMA's 33rd Annual Conference

Nashville, TN United States

The TMA NextGen Leadership Experience offers two days of unique networking opportunities, professional development,… https://t.co/9iylV67OxJ

Turbocharge your career at The TMA NextGen Leadership Experience. Join us for two packed days of professional devel… https://t.co/36o8KWkTMG

Join us Wednesday at 2:15pm EDT for "Subchapter V, the Newest Tool to Help Small Businesses." Sub V trustees Matthe… https://t.co/tFYLpMO80E

Wow. The TMA Big Tent Celebration was so much fun. Thank you to everyone who joined the celebration. #TMAIMPACT2020 https://t.co/eaKzRkjNXY

Closing out #TMAIMPACT2020 with the TMA Big Tent Celebration! We've got a DJ/violinist duo, live DJ, and a band tha… https://t.co/GJstW4boBA