Armanino’s Corporate Finance & Restructuring Team Earns TMA Honor
Armanino LLP, one of the U.S.’s top 20 accounting and consulting firms, has been recognized for the work of its Corporate Finance & Restructuring (CFR) team. The team received the 2024 Turnaround and Transaction Award from the Turnaround Management Association (TMA) in the small company category. The recognition highlights sustained, hands-on expertise helping clients navigate complex financial and operational challenges.
A Health-Tech Restructuring, Done Right
The CFR team led the restructuring and sale of a health-tech firm’s diagnostics and technology assets. From early planning through closing, they kept the transaction tightly aligned with the needs of one of the world’s leading healthcare institutions. The result was a sale process that balanced priorities and helped deliver strong outcomes for every stakeholder involved.
Leadership Perspective
Michael Hogan, Partner at Armanino, expressed pride in the team's accomplishment. He mentioned, "Leveraging Armanino’s culture of entrepreneurialism allowed us to drive a turnaround and sale that produced excellent outcomes for all parties involved. This award reflects our dedication and the quality of service our clients expect every day."
How the Selection Works
The TMA’s selection process is rigorous. Finalists and winners move through multiple rounds of diligence and analysis, led by a committee of 15 professionals who represent different corners of the turnaround and restructuring industry. That breadth of experience gives the award meaningful weight—and makes the CFR team’s recognition stand out.
Looking Ahead to the TMA Annual Conference
Members of the CFR team plan to attend the TMA Annual Conference in Philadelphia. It’s more than an awards moment. The conference offers time with peers, fresh learning, and useful networking that can shape the next wave of best practices.
About Armanino LLP
Armanino LLP is one of the largest independent accounting and business consulting firms in the nation. The firm provides integrated services across audit, tax, business management, and technology to clients in the U.S. and abroad. As a certified B Corporation, Armanino underscores its commitment to social and environmental responsibility alongside client service.
Technology-Led Solutions for Real-World Needs
Armanino focuses on practical, technology-forward approaches that improve how companies work. The firm leads cloud-based transformations of financial, operational, and compliance tools—modernizing processes so organizations can move faster and with more confidence. From startup to sale, Armanino supports companies through every phase of the business lifecycle as needs evolve.
About TMA
The Turnaround Management Association is a nonprofit community for professionals engaged in turnaround and restructuring. It provides a platform to build personal brands and professional networks while advancing the broader field. Membership spans turnaround specialists, attorneys, academics, and government officials, reflecting the multifaceted nature of the work.
Expanding Professional Networks
For professionals seeking to grow in the turnaround and restructuring space, TMA offers opportunities for education, connection, and career development. The organization continually advances the industry and shares insights that help members meet the demands of changing markets.
Frequently Asked Questions
What is the 2024 Turnaround and Transaction Award?
It’s a TMA honor that recognizes standout results in restructuring and transaction work. The award highlights teams that deliver measurable impact, with specific categories—including small companies—to reflect different deal sizes and contexts.
Who selected Armanino LLP for this recognition?
The Turnaround Management Association (TMA) selected Armanino’s CFR team through a multi-round review led by a 15-member committee drawn from across the turnaround and restructuring profession.
What did Armanino’s CFR team accomplish to earn the award?
They led the restructuring and sale of a health-tech firm’s diagnostics and technology assets, ensuring the transaction aligned with the needs of a leading global healthcare institution and delivered strong outcomes for all stakeholders.
Where will the awards moment take place?
The recognition will be part of the TMA Annual Conference in Philadelphia, which also offers education and networking for professionals in the field.
What services does Armanino LLP provide?
Armanino delivers integrated audit, tax, business management, and technology services. The firm supports clients domestically and internationally and operates as a certified B Corporation, reflecting a commitment to broader responsibility as well as client results.
