Huron Consulting Group announced that Stanley D. Garrison, Christopher H. Martorella and Hugh E. Sawyer have joined the company as managing directors in the Restructuring & Turnaround group.
"Our restructuring and turnaround business has experienced increased demand as the economy continues to struggle with a recession that has yielded unprecedented financial strain on many companies. For the foreseeable future, we anticipate a steady stream of opportunities for growth in this business," said James H. Roth, chief executive officer, Huron Consulting Group. "Stan, Chris and Hugh have extensive experience working with organizations in distressed situations and will be tremendous resources for Huron's clients."
Garrison has more than 25 years of management consulting, international business, and corporate finance experience working on organizational planning, operations management, and M&A transactions. He comes to Huron from Horizon Performance, where he served as chief executive officer and helped companies achieve performance goals through operational improvements. Prior to that position, Garrison served as a corporate finance partner with Ernst & Young.
Martorella brings more than 23 years of commercial real estate experience in various capacities, as a lender, investor and operator with a specific focus on acquisitions, construction, financing, development, operations and asset management. Martorella comes to Huron from Urban Residential, a $1 billion commercial real estate investment and development company, where he served as chief executive officer. At Huron, Martorella will be providing restructuring solutions to real estate companies under financial duress, lenders with extensive real estate exposure, and owners of complex transitional assets, including aborted construction projects and REO assets.
Sawyer has more than 30 years of experience leading turnarounds, bankruptcies, and merger and acquisitions for both public and private companies in assorted industries. Prior to joining Huron, Sawyer worked for Legendary, Inc., managing the turnaround of the privately held entity while serving as president of the holding company. Previously, he served as the president and chief executive officer of several entities, including Allied Holdings, Inc., where he assisted with its Chapter 11 bankruptcy. Sawyer has also served in numerous board roles, with the post-petition board of Spiegel, Inc. and Hines Horticulture, Inc., being among them.
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