Gordon Sign, the nation’s oldest sign company and an ongoing turnaround story, was selected to represent Colorado at a recent Made in America Product Showcase at the White House.
Gordon Sign was joined by other small manufacturers, such as the Alaska Bowl Company, Eddie Heath’s Crab Pots, and the Colonial Flag Company, along with such iconic brands as Campbells Soup, Steinway, and Stetson, in exhibiting their products on the South Lawn and West Wing of the White House. The event featured manufactured products from all 50 states.
A proclamation signed by President Donald Trump said Made in America Day recognized the vital contributions of American workers and job creators. Trump attended the event, along with Vice President Mike Pence, several cabinet members, and a number of members of Congress.
Former TMA Chairman Tom Kim, CTP, president of Gordon Sign, joined the company’s CEO, Max Fulton, in representing the company at the event. Kim was part of a local group of investors that bought Gordon Sign in 2014 from a private equity firm that was considering shuttering the business. Kim said the company was distressed in part because of lingering issues in the sign industry stemming from the Great Recession. Noting that the company was in need of new leadership and direction, Kim brought on Fulton, a turnaround veteran, who led a rebranding initiative and spearheaded other initiatives to turn around the company.
Founded in 1904, Gordon Sign designs, manufactures, and installs custom signage, including directional and wayfinding signs, monuments, channel letters, electronic message centers, and tenant displays, all of which can incorporate elements of neon lighting. Its clients have included the Denver Broncos, Wendy’s restaurants, and United Artists Theatres. The company has 43 employees, 10 of whom have been with Gordon Sign for more than 30 years.
FTI Consulting Inc. has acquired CDG Group, a New York restructuring advisory, turnaround management, and transaction advisory firm. As part of the transaction, 19 professionals, including five senior managing directors, join FTI’s Turnaround & Restructuring practice within its Corporate Finance & Restructuring segment in the New York metro region. CDG Group’s professionals have successfully executed hundreds of engagements involving companies ranging from large multinational corporations to smaller middle-market businesses.
Jeremy R. Halford has joined Tiger Group as managing director of the asset valuation, advisory, and disposition services firm’s Commercial & Industrial Division. A veteran of the international banking and insolvency industries, Halford has more than 20 years of experience in restructuring, distressed debt investment, and executive leadership within the banking industry. He has worked with large liquid and illiquid companies in the U.S., Europe, and Asia. From his base in Tiger’s Los Angeles offices, Halford is responsible for the execution of commercial and industrial dispositions, including orderly sales, public auctions, and sealed bid offerings of machinery, equipment, inventory, and real property. Halford was previously with Union Bank Corporation in Los Angeles, where he served as vice president, strategy and capital management.
Peter Kaufman has partnered with two other individuals to form Caissa Capital LLC, a venture aimed at providing, in one entity, senior-level workout, financial restructuring, and legal services. The new firm targets large, complex capital stack situations in international markets in both sovereign and corporate debt matters and is in discussions to take over management of foreign private equity and hedge fund distressed portfolios, with a goal of maximizing value. Kaufman also remains president and head of Restructuring and Distressed M&A at Gordian Group LLC, an investment bank focused solely on financial and capital structure matters that are distressed, complex, or “story.”
Carolyn Riegler and Judy Wallace have been promoted to managing directors at O’Keefe. Both were previously directors with the firm. Riegler has 30 years of experience in financial and operational capacities to provide clients with financial consulting, litigation support, real estate valuation, business turnaround, and operational advisory services. Wallace brings 30 years of professional experience in financial consulting services, including acting as a CRO. She is also well versed in areas that include operational cost savings, inventory control, cash flow management and improvement, overall operations, and enterprise resource planning (ERP) system implementation and upgrade.
Kate Smith has joined Porter Capital Corporation as vice president of operations. With 20 years of experience, she has extensive experience in operations and risk, including audit and relationship management. Smith joins Porter Capital from Bibby Financial Services, where she ran the Chicago operations team and prior to that post the operations team for Bibby International in Banbry, U.K.
S. Jason Teele and Nicole Stefanelli have joined Cullen and Dykman LLP as partners in the firm’s Bankruptcy and Creditors’ Rights Department. Teele has more than 15 years of experience representing clients in financial restructuring, distressed asset sales, creditors’ rights litigation, and corporate and commercial matters. Stefanelli has extensive experience representing debtors and creditors in complex Chapter 11 proceedings in a core group of industries, including transportation, manufacturing, medical supply, the arts, and financial services. She also represents creditors’ committees in Chapter 11 cases throughout the country and provides bankruptcy advice in connection with acquisitions and dispositions of distressed assets outside of bankruptcy and in other commercial matters. Teele and Stefannelli were both previously with Lowenstein Sandler LLP.