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April 2018 Newsletter

Friday, April 6, 2018  |  TMA New Jersey  |

I was honored to be sworn in on January 11 at the Annual Meeting by The Honorable Rosemary Gambardella, U.S. Bankruptcy Judge for the District of New Jersey, and honorary NJTMA board member. My sincere thanks to outgoing president Jane W. Mitnick for all her efforts and hard work. I appreciate being able to count on her as a resource for advice and guidance.
Congratulations to the following directors who were sworn in at the same time for the 2018-2019 term. They include Anthony R. Calascibetta of EisnerAmper LLP; Richard S. Hauer of H3 Consulting Group; Jane W. Mitnick of SM Financial Services Corporation; Anne M. Roslin; Joseph L. Schwartz, Esq. of Riker Danzig Scherer Hyland Perretti LLP; Robert A. Schnitzer of Rosenthal & Rosenthal Inc.; Lisa Stern; Harvey Topitz of Rivers Insurance Group; Leonard C. Walczyk, Esq. of Wasserman Jurista & Stolz PC; and Keara Waldron, Esq. of Lowenstein Sandler LLP. 
NJTMA's 25th anniversary makes this an exciting time to be president.  The NJTMA 25th Anniversary Party Planning Committee includes board members Sharon J. Bender of Provident Bank; Sydney J. Darling, Esq. of Walsh Pizzi O'Reilly Falanga LLP; Oren Klein of AuctionAdvisors; Stephen B. Ravin, Esq., of Saul Ewing Arnstein & Lehr LLP; Anne M. Roslin; and member Jeanine A. Krattiger of Carl Marks Advisors, all whom are working hard to ensure a party to end all others.
As president, my focus is to increase membership and encourage participation from all professionals involved in corporate restructuring and renewal, including underrepresented groups such as workout lenders, portfolio managers, investors and private equity firms. My goals are to continue our high quality educational and networking events throughout New Jersey including continuing to co-host events with other trade associations; increase awareness and involvement in the next generation of turnaround professionals through events, mentoring, scholarship programs and partnering with New Jersey-based business and law schools; plus find ways to promote our members, sponsors and be the voice of the corporate restructuring and turnaround industry in the state of New Jersey.
I will have a busy year ahead and it's off to a strong start. Six events have occurred to date, including the Holiday Party and Annual Meeting, Joint Super Networking Party with dozens of other organizations, NJTMA/George Mehm Scholarship presentation at the Seton Hall/Villanova Basketball game, NJTMA NOW Fireside Dinner, Joint NJTMA NextGen and New Jersey Network of IWIRC for a Beer and Food Pairing, and power networking breakfasts in Morristown and West Orange.
In February, we announced the launch of the 2018 NJTMA College Scholarship Program and the deadline to apply is April 30, 2018.  The NJTMA's exclusive scholarship program is a tremendous member benefit. In keeping with our educational mission, we award scholarships annually to graduating high school seniors and undergraduate students attending an accredited college or university. This year, NJTMA will award three one-time $1,000 scholarships for the fall 2018 semester, and the Scholarship Committee is currently accepting applications.  Special thanks to Scholarship Chair and Board Member William V. Giovanniello of BDO USA, LLP - Transaction Advisory Services; Member Anthony R. Calascibetta of EisnerAmper LLP; Board Member Richard S. Hauer of H3 Consulting Group; Board Member Paul Rome of Paul Rome and Associates LLC; and Board Member Leonard C. Walczyk, Esq. of Wasserman Jurista & Stolz PC. 
You can quickly see upcoming events on the right sidebar, including several marquis events such as the Joint Breakfast Meeting with ACG on April 17th. It will feature an educational panel called "The Evolution of the Retail Industry," for which I am proud to serve as moderator. I will be joined by panelists Richard S. Hauer of H3 Consulting Group, David H. Stein, Esq. of Wilentz Goldman & Spitzer PA, and Amy Valentine, CFO of SFERRA. In addition, mark your calendars for the 25th Anniversary Celebration on May 14th; the Joint NJTMA and NJCFA Golf and Tennis Outing on May 29th; and the TMA Mid-Atlantic Regional Symposium on June 6-7th which is moving to Harrah's Atlantic City Resort for the 2018 conference.
I look forward to seeing you at an upcoming event and encourage you to get more involved in NJTMA by serving on a committee or the board of directors.  Please reach out to me anytime to get more involved.
Respectfully submitted,
Steven F. Agran, CTP, MBA
Carl Marks Advisors


Let me shine a spotlight on our generous sponsors!
Being a sponsoring company means you play an integral role in the types of programs we provide. NJTMA is grateful to the following businesses for your 2018 financial sponsorship. Your contributions help underwrite the cost of our events and other Chapter programs, and highlight the importance of being involved. If you see colleagues from these firms at an upcoming event, please thank them for their support of NJTMA.
Carl Marks Advisors        
Connell Foley LLP
LeClair Ryan
Porzio, Bromberg & Newman P.C.            
Provident Bank 
SM Financial Services Corporation            
SM Law, PC         
Walsh Pizzi O'Reilly Falanga LLP
Wilentz, Goldman & Spitzer, P.A.              
A.J. Willner Auctions       
Archer & Greiner, P.C.   
Bederson LLP     
Crum & Forster Group of Insurance Companies  
EisnerAmper LLP              
Forman Holt       
Fox Rothschild LLP           
Gibbons P.C.      
Lowenstein Sandler LLP 
Mandelbaum Salsburg   
Meyner & Landis, LLP     
Norris McLaughlin & Marcus PA 
Phoenix Management Services  
Riker Danzig Scherer Hyland Perretti LLP                
Saul Ewing Arnstein & Lehr LLP   
Stark & Stark      
Sterling National Bank    
Trenk, DiPasquale, Della Fera & Sodono, P.C.       
WithumSmith+Brown PC              
50 Words LLC     
Cambridge Financial Services, LLC             
CBIZ Corporate Recovery Services            
Corporate Turnaround   
Lakeland Bank 
Law Office of Kenneth L. Baum LLC           
Law Offices of Mitchell J. Malzberg, LLC  
Law Offices of Steve Kalebic        
Longview Results             
Management Services Consultants, LLC  
mRm & Associates LLC   
North Mill Capital LLC     
Paul Rome & Associates, LLC       
Princeton Financial Group, LLC   
Rivers Insurance/RI Risk Management    
RSG Biz Consulting           
The Law Offices of Marc D Miceli LLC       
Wasserman Jurista & Stolz PC
Harvey Topitz
Rivers Insurance Group


Membership Update
One of the most important news items relating to membership is our new goal - 250 members by the end of 2019! I encourage everyone to bring prospective members to upcoming events and/or direct them to my attention.  As a current member, you're our best ambassador.  You know firsthand how much TMA membership helps you expand your network, develop your practice and advance your career at the local, national and international levels. Through TMA, members acquire access to new opportunities that lead to new business and gain the knowledge and expertise they need to succeed. In fact, 85% of TMA Global members report having done business with another member as a result of their involvement in the association.
Membership offers many advantages. To see a full list of member benefits, click here .
New Members
Please join me in offering a warm welcome to the following new members. You can connect with them through the  TMA Member Directory  or introduce yourself at an upcoming event.
Joseph S. Aboyoun, Esq., Attorney, Aboyoun & Heller, LLC
Pirooz Abir, MSE, Consultant/Practitioner, LiquidInvoice LLC
Sahar Berlinerblaw, Associate, Auction Advisors
Melissa Dardani, CPA, Forensic Accountant in Bankruptcy, EisnerAmper LLP
Ankit Duggal, Executive Vice President, Capodagli Property Company
Joseph Heer, Independent Insurance Agent, Frenkel & Company
Catherine Lawler, President/CEO, White Eagle Group
Patrick Lee, Senior Asset Based Lending Underwriting Manager, SVP, People's United Bank
Joseph H. Lemkin, Shareholder, Stark & Stark
Robert Lineburg, Director of Sales, Aurous Financial Services
Joseph Lineburg, Sales Manager, Aurous Financial Services
Gabriel L. Olivera, Associate, Lowenstein Sandler LLP
Alison Moody, Student, Rutgers School of Law Newark
Tito G. Nurudeen, Jr, Student, Rutgers School of Law Newark
Bill Oppenheim, Student, Rutgers School of Law Newark
Anthony M. Osbourne, Esq., Associate, Wilentz Goldman & Spitzer PA
Ben Rutkevitz, Vice President, Business Development, Alleon Capital Partners LLC
Jeff Sirchio, Director, Aurous Financial Services
Frank P. Turner, CTP, Managing Director, Interpeak Consulting, LLC
Bekir Yilmaz, Analyst, Liquidity Solutions, Inc.
Gokce Yurekli, Student, Rutgers School of Law Newark
Share your firm news!
When you have news about yourself or your firm, please share it with your fellow NJTMA members.  To include news in the newsletter, please email news to Betty Mantz, NJTMA Chapter Administrator at  Also, please share your news on our Chapter's LinkedIn page.  Our Chapter has two LinkedIn groups, Turnaround Management Association New Jersey Group (NJTMA) and Turnaround Management Association New Jersey NextGen (NJTMA NextGen) with over 300 members.  If you haven't joined our LinkedIn group, please do so today!
Joseph L. Schwartz, Esq., Partner
Riker Danzig Scherer Hyland Perretti LLP


4th Annual NJTMA & George Mehm Scholarship and Seton Hall Basketball Game
On February 28th, NJTMA hosted a sold-out networking event and scholarship presentation at the Seton Hall Pirates versus Villanova Wildcats basketball game at the Prudential Center in Newark, NJ. Seton Hall student Christian Milano was the recipient of the 2018 NJTMA & George Mehm Scholarship, which we presented court-side.
Christian is a sophomore in the Stillman School of Business, majoring in both Finance and Information Technology and his goal is to work in the investment banking industry as a financial analyst. In his short time at Seton Hall, Christian already has had some impressive accomplishments. He is currently the President of Alpha Sigma Phi fraternity, a Peer Adviser in the Freshmen Studies Department, and an active member of KNOWMORE, a campus club that raises awareness for sexual assault and substance abuse. Please join me on congratulating Christian.
"I appreciate this scholarship so that I can continue my studies. It's especially meaningful coming from the NJTMA as I hope to work in the finance industry," Christian said. "In addition, it allows me to spend my time being a positive influence on campus, whether that's leading my fraternity, helping freshman as an advisor, or being a voice for victims of assault/abuse."

George J, Mehm, CTP, President of MEHMCO Financial Services, Inc., generously co-sponsored the scholarship for the fourth year, and NJTMA presented him with a Seton Hall Pirates autographed basketball as a token of our thanks. George earned his undergraduate and Master of Business Administration degrees at Seton Hall University and is a Seton Hall Pirates Basketball season ticket holder. In addition, NJTMA members, friends and guests enjoyed an exciting basketball game as the Villanova Wildcats defeated the Seton Hall Pirates 69 to 68 in overtime. What a game!
Thanks to all who assisted in the event including the NJTMA board of directors, the NJTMA Scholarship Committee, NJTMA Chapter Administrator Betty Mantz, George Mehm and Susan Scherreik, Founding Director of the Center of Entrepreneurial Studies at the Stillman School of Business at Seton Hall University.
Seton Hall Scholarship PresentationSeton Hall George Mehm



William V. Giovanniello, CPA, CTP, CFF, CIRA

Managing Director, BDO USA, LLP - Transaction Advisory Services

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