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Greenberg Traurig Wins 2021 TMA Turnaround/Transaction of the Year Award

ATLANTA – Sept. 14, 2021 – A team of attorneys from global law firm Greenberg Traurig, LLP, led by Shareholder David B. Kurzweil, was announced a winner of the 2021 Mid-Size Company Turnaround/Transaction of the Year Award by The Turnaround Management Association (TMA).

The TMA annual awards program recognizes the most impactful turnarounds and transactions industry wide. The Turnaround and Transaction Awards are chosen based on a rigorous peer-review process by the Awards Committee, which is composed to represent the diversity of the TMA Membership and looks for well-defined, measurable outcomes. 

In 2019, AAC Holdings, Inc., a healthcare company, retained Greenberg Traurig as counsel to advise the company regarding its options for effectuating a financial restructuring. As a result, AAC emerged from chapter 11 with a significantly improved balance sheet, reducing the company’s secured debt and preserving its 2,500 employees. It is now in a position for growth as the first company to truly transform the treatment of substance abuse and meet the critical need for effective clinical care and treatment solutions.

The firm’s team consisted of Shareholders David B. Kurzweil in Atlanta and Nancy A. Peterman in Chicago; Alison Elko Franklin and John J. Dyer in Atlanta; Eric J. Howe in Minneapolis; Kenneth Zuckerbrot and Pallav Raghuvanshi in New York; and Associates Matthew A. Petrie and Victoria Bartlett in Atlanta and Danny Duerdoth in Chicago.

“We are honored to be recognized by the TMA and proud of our team’s high caliber and commitment to providing our clients with quality legal services,” David B. Kurzweil, who is co-chair of the firm’s global Restructuring & Bankruptcy Practice and co-chair of the Financial Institutions Practice, said.

Award recipients will be recognized at The 2021 TMA Annual, Oct. 26-29, 2021 at the Grand Hyatt Nashville. According to their website, the TMA is the most professionally diverse organization in the corporate restructuring and corporate health space and has almost 10,000 members in 54 chapters worldwide. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees, and members of the judiciary. 

About Greenberg Traurig’s Restructuring & Bankruptcy Practice: Greenberg Traurig’s internationally recognized Restructuring & Bankruptcy Practice provides clients with deep insight and knowledge acquired over decades of advisory transaction and litigation experience. The team has a broad and diverse range of experience developing creative and effective solutions to the highly complex issues that arise in connection with in- and out-of-court reorganizations, restructurings, workouts, liquidations, and distressed acquisitions and sales. Using a multidisciplinary approach, the firm’s vast resources and invaluable business network, the team helps companies navigate challenging times and address the full range of issues that can arise in the course of their own restructurings or dealings with other companies in distress.

About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: