Insights > Riveron Recognized with Transaction/Turnaround of the Year Award

Riveron Recognized with Transaction/Turnaround of the Year Award


TMA Detroit cites Eissmann Automotive North America engagement

DETROIT – Riveron, a leading business advisory firm, today announced it has been recognized by the Turnaround Management Association (TMA) Detroit Chapter with the Transaction/Turnaround of the Year award for its work on Eissmann Automotive North America, Inc.

The award recognizes Riveron’s role in stabilizing Eissmann’s North American operations during a highly complex, cross-border restructuring process involving multiple constituencies across the United States, Mexico, and Germany. Working in coordination with the German insolvency administrator, company leadership, customers, suppliers, and other stakeholder groups, Riveron helped preserve operations, support continuity of supply, and position the business for a successful global transaction outcome.

“This engagement required disciplined execution in an extraordinarily dynamic environment,” said Walter Popiel, Senior Managing Director, Riveron. “Our team collaborated with multiple stakeholders to help maintain stability, manage liquidity, and support a path that preserved enterprise value. We are honored that TMA Detroit has recognized the outcome and the collaborative effort behind it.”

Jones Day served as legal counsel, and Troesser & Co. were instrumental throughout the engagement, providing substantial support that helped drive a successful outcome.

The TMA awards honor excellence in corporate restructuring, recognizing firms and professionals that deliver innovative, measurable results in complex situations. Riveron’s work on Eissmann reflects the firm’s ability to combine financial advisory, operational discipline, and stakeholder management in situations where execution speed, credibility, and coordination are critical.

The recognition will be formally presented at the TMA Detroit Annual Awards Reception on May 5, 2026, in Bloomfield Hills, Michigan.

About Riveron
Founded in 2006, Riveron supports the Office of the CFO, solving complex challenges and creating lasting improvements to finance, accounting, and technology functions. With over 1,200 professionals across 18 international offices, Riveron teams bring industry perspective and a full suite of solutions to address M&A, financial distress, technology transformation, process improvement, and other complex performance improvement needs. Our multidisciplinary approach combines authenticity, collaboration, and technical expertise to bring clarity to chaos and spur momentum for change. Riveron is backed by affiliates of Kohlberg, with H.I.G. Capital maintaining a minority investment.

Media Contact:
Vested for Riveron riveron@fullyvested.com