Press Releases

Learn about our latest milestones and business engagements.

February 19, 2025

Recapping 2024

For over 35 years, Phoenix has provided smarter, operationally focused solutions for middle-market companies and their investors. In 2024, Phoenix once again assisted more than 100 clients – improving their businesses, avoiding catastrophe, enhancing enterprise value, and minimizing losses.

In October of 2023, Phoenix joined J.S. Held, a global professional services firm with 1,500+ experts in a variety of disciplines. Phoenix is now part of J.S. Held’s Strategic Advisory practice, which includes more than 60 professionals nationwide from Phoenix, Stapleton Group (acquired in October of 2024), and J.S. Held.

Select Phoenix Engagements in 2024:

Investor Services

  • Served in a variety of interim leadership (Division President, CFO, Site Controller) and advisory roles for a $700 million private equity-backed manufacturer with thirteen operating locations in the US and Mexico.
  • Served as the interim CEO and CFO of a multi-faceted private equity-backed high tech distribution, machine assembly, and contract manufacturing company. This $120 million business had five operating locations.

Turnaround & Restructuring

  • Served as financial advisor providing financial planning and analysis for a provider of nursing, rehab, and long-term care across 34 facilities in the northeast.
  • Serving as financial advisor to an $80 million medical service, ambulance service and medical transportation company.
  • Served as financial advisor to a $300 million producer of raw frozen and freeze-dried raw pet food manufacturer.

Investment Banking

  • Served as exclusive Investment Banker to a custom contract manufacturer of aerosol and liquid consumer products, arranging, structuring, and negotiating a $40 million loan package.
  • Served as exclusive Investment Banker to a South Florida Residential & Commercial Drywall Contractor, arranging, structuring and negotiating a debt financing package to support the Company’s growth plans and working capital needs.

Other Engagements

  • Secured an arbitration award of 97.6% of a $5 million post-closing dispute over the net working capital calculation and final purchase price for our client, who sold a division to an international buyer.
  • Currently serving as Independent “tie-breaking” Director for a leading global manufacturer of carbon and graphite products.

Phoenix Industry Leadership in 2025:

Some of our professionals’ industry leadership roles in 2025:

  • Brian Gleason, CTP
    • Turnaround Management Association
      President-Elect
  • Michael Jacoby, CTP
    • Turnaround Management Association
      Board of Trustees
      Member, Finance and Audit Committees
    • Secured Finance Network
      President, Philadelphia Chapter
    • American College of Bankruptcy
      Member, Finance Committee
  • Rodney Gayle, CTP
    • Turnaround Management Association
      Certification Oversight Committee
  • Michael Gaul
    • Turnaround Management Association
      Board Member, Philadelphia Chapter
  • Anne Sinopoli
    • Turnaround Management Association
      Programming Committee Co-Chair,
      Upstate New York Chapter

Recent Hires:

Supporting Our Industry in 2025:

Phoenix Management, a part of J.S. Held, is a proud financial sponsor of many trade groups that provide leadership in our industry, including:

  • Turnaround Management Association
  • Secured Finance Network
  • American College of Bankruptcy
  • Association of Corporate Growth
  • Southeastern Bankruptcy Law Institute
  • American Bankruptcy Institute
  • National Association of Federal Equity Receivers

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