Turnaround & Transaction Awards
Days Left
to Enter

Submission Deadline April 10, 2024 11:59pm

Questions? Contact awards@turnaround.org.

Submissions are now being accepted for the 2024 TMA Turnaround and Transaction of the Year Awards! These coveted recognitions showcase the teams of skilled turnaround professionals who come together to create value-oriented solutions in distressed situations. Award winners this year will be honored this fall at The 2024 Annual in Philadelphia, Pennsylvania.

Step 1: Create an account

Step 2: Submit Application Form 

About the Awards Process 

Award submission can be a turnaround, a transaction, or a composite of the two. The turnaround or transaction must have closed between January 1, 2023 and December 31, 2023. Cases will be judged on both the turnaround and transactional elements. However, the deal does not need to have both components to be eligible.

For the turnaround aspect, please describe the improvements to a business by implementing effective operations, establishing solid management, generating positive cash flow, or effecting other operational enhancements leading to recovery of a struggling business. For the transactional aspect, please describe the orchestration of a non-operational restructuring, including merger and acquisition, sale, loan, liquidation, debt restructuring, or other capital reorganization, to preserve value in a struggling business.  

Judging Criteria

The Awards Committee is carefully composed to represent the diversity of the TMA membership. Entries are judged on individual merit; not all award categories will derive a winner in a given year. As judges review all components of the entry, they look for well-defined, measurable outcomes. All submissions need to close between January 1, 2023 and December 31, 2023. 

Part 1: Turnaround/Transaction Entry

Nominator Contact Information

Part 2: Key Contact(s)

Part 3: Narrative Descriptions

Part 4: Timeline

Part 5: Historical Financial Statement

Part 6: Information Release

Categories for Both Turnaround and Transaction Awards Include:

Small Company (company revenue at the time of turnaround was less than $50 million USD)

Mid-Size Company (company revenue at the time of turnaround was $50 million to $299 million USD)

Large Company (company revenue at the time of turnaround was $300 million to $1 billion USD)

Mega Company (company revenue at the time of turnaround was at least $1 billion USD)

International Company (a company with significant cross-border operations)

Pro Bono (no fees in exchange for services); entry must demonstrate financial stability

Non-Profit (a tax-exempt organization without shareholders that uses its surplus net assets to achieve its mission.)


Confirmation of receipt of each entry will be emailed after submission.  All nominees will be notified of the judging outcome by July 20, 2024.  Award recipients will be recognized at The 2024 TMA Annual, October 15 -18 at The Loews Philadelphia. Representation at The Annual conference to accept the award is expected. If a nominee selected by the Awards Committee is unable to attend, the nominee’s firm is expected to send an appropriate representative.


TMA will distribute a national press release of the 2024 award recipients. Recipients will receive a copy of this release, at which time they are encouraged to customize and distribute their own release to local media outlets. TMA requests that award recipients refrain from distributing press releases in advance of TMA’s national release. Members of the press are invited to attend The TMA Annual. The Awards Committee may revoke award winner status if controversy or negative news comes out following the selection of an entry as a winner.