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Newpoint Advisors Releases Q3/2015 Growth Results

November 09, 2015, 07:10 AM
Filed Under: Turnaround Management

Newpoint Advisors Corporation has released its third-quarter 2015 growth results. The addition of three new employees brings the total employed to 16. The company has saved an additional $13 million in senior capital and 66 jobs this quarter, contributing to a total $128 million in debt recovered and 2,299 jobs saved since corporate inception.

“I’m proud of the contributions our team is making to the U.S. economy and small to lower middle-market businesses, “ says Newpoint President, Ken Yager. “Our TAMETM methodology continues to prove it’s possible to save jobs and assist senior lenders with debt recovery all for an affordable fixed fee. We anticipate continued expansion as C&I loans now exceed their 2007 peak and we are observing issues within commodity-driven industries like fuel, farm equipment, Chinese facing industries and healthcare.”

In addition to the above growth, Newpoint closed five engagements in third-quarter 2015.

Newpoint Advisors Corporation is a turnaround consulting firm dedicated to improving troubled and financially underperforming businesses with revenues of $1 million to 50 million and/or credits of less than $10 million, for a fixed fee and on a fixed timeline.

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