FOR IMMEDIATE RELEASE
CONTACT:
Kate McLellan, Principal
The Pentad Group, 617-269-3546 kmclellan@thepentadgroup.com
THE PENTAD GROUP
RECEIVES THE TURNAROUND
MANAGEMENT ASSOCIATION ‘TURNAROUND OF THE YEAR’ AWARD
Outstanding
performance makes The Pentad Group an Award Winner
WELLESLEY HILLS, MA (November
28, 2006) – Kate McLellan, Principal of The Pentad Group, located in
Wellesley Hills, Mass., is pleased to announce that The Pentad Group, in
conjunction with Newton Advisory Resources and Ruberto, Israel and Weiner, P.C.,
received The Turnaround Management Association’s (TMA) Small Business
Transaction of the Year Award at the association’s annual awards ceremony held at the
Boston Harbor Hotel on November 28. The
turnaround work performed by The Pentad Group, Newton Advisory Services and
Info about award:
The Turnaround Management
Association is a forum of professionals whose focus is on assisting troubled
companies with their turnaround efforts.
Members of TMA convene monthly in order to exchange ideas, disciplines
and general information about the turnaround industry. The Turnaround of the Year award is given to
professional services firms who made a significant impact on turning around a
New England Area business.
The Pentad Group was referred to this troubled company by Ellen Korpi, CEO and founder of Newton Advisory Resources, a consultancy that advises small to medium-sized businesses on their financial strategies. Korpi worked in conjunction with The Pentad Group team engaged on the turnaround project. The Pentad Group team, headed by Principals Tom Goltz and Joel Adler, had over 40 years combined finance, accounting and turnaround management experience. The Pentad Group’s role on this project was to assist with the accounting, financial systems and financial reporting for the troubled company. The work performed by The Pentad Group resulted in the business break-even, as well as allowing the business to pay-off significant bank debt.
“This award is a benchmark for quality service in the turnaround management services industry,” McLellan said. “We commend The Pentad Group team for the ongoing dedication to turn-around work and our clients. We look forward to our continued success as turnaround professionals.”
Founded in Wellesley Hills, Massachusetts, in 2003,
The Pentad Group is a full-service financial and accounting services consulting
group. The firm partners with its clients on all levels, providing flexible,
scalable services that range from day-to-day operational accounting support, to
placing critical interim financial executives. The Pentad Group works with all types of companies, from venture-backed start-ups to
Fortune 1000 companies, as well as non-profit organizations. The company’s
team of professionals has an average of 15 years of experience and proven
success. The Pentad Group takes pride in its long-term customer relationships
by taking the time to understand and evaluate each client’s individual needs.
For more information, call 617-269-3546 or visit www.thepentadgroup.com.
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