Portage Point Partners Strengthens Leadership in Turnaround and Restructuring Services

In a strategic move to bolster its Turnaround and Restructuring Services (TRS), Portage Point Partners, LLC has appointed Steven Shenker as Co-Head alongside Tom Studebaker. This development, confirmed on September 29, 2026, reflects the firm’s commitment to cultivating a market-leading platform that meets the evolving demands of the middle market.

Established as a prominent advisory, consulting, interim management, and investment banking firm, Portage Point is renowned for its expertise in tackling complex operational and financial challenges. With this latest leadership enhancement, the firm aims to extend its market reach and deepen relationships with key stakeholders in the industry. Both Shenker and Studebaker share an ambitious vision, focusing on the integration of elite talent and expanding the firm's capabilities to address increasingly intricate business scenarios.

Matthew Ray, Founder and CEO of Portage Point, expressed the significance of this appointment: "Our TRS practice has developed into a market leader by attracting premier talent and fostering a culture focused on execution. Steven has been crucial to this growth, and this leadership expansion is a testament to the scale and continued investment in responding to rising demand across diverse operational challenges."

Since joining Portage Point as Senior Vice President in 2020, Shenker has successfully led over 50 turnarounds and restructurings, taking on roles such as Chief Restructuring Officer (CRO) and Chief Transformation Officer (CTO) for various clients, including organizations like the Center for Autism and Related Disorders and Blink Fitness. His multifaceted experience not only highlights his adeptness in navigating complex situations, but also his contributions to shaping Portage Point’s overall strategy and building a strong organizational culture.

Tom Studebaker also voiced confidence in Shenker’s abilities, stating, "Demand in the middle market is rapidly growing, particularly as private credit gains prominence across the capital structure. Steven's exceptional judgment and connections within the restructuring community bolster our senior leadership and ensure that TRS continues to deliver outstanding results for our clients."

With such promising opportunities ahead, Shenker commented on their future goals: "Tom and I intend to build on the momentum of our platform by attracting additional top-tier talent and expanding our capabilities, taking on increasingly complex engagements where Portage Point can create differentiated impacts for our clients." The Turnaround and Restructuring Services unit at Portage Point is regarded as a leading advisor to middle market companies, boards, sponsors, and lenders. The platform delivers an integrated approach, blending restructuring advisory, interim leadership, performance improvement, and transaction capabilities. This structure safeguards enterprise value and accelerates the impact for clients.

Portage Point’s reputation as a blue-chip advisory firm stems from its unparalleled approach to middle market transactions. Leveraging a team with extensive backgrounds in consulting, operations, finance, and investment banking, the firm is well-suited to offer strategic insights that help stakeholders navigate the complexities of the market. From transaction advisory services to financial restructuring, Portage Point’s integrated model ensures that clients receive the support needed to thrive, especially as business landscapes evolve.

In recent years, Portage Point has garnered recognition for its growth, including two significant minority investments from New Mountain Capital, a key player in the investment sector, totaling around $60 billion in assets. This foundational support enhances Portage Point's capacity to tackle pressing challenges faced by middle market clients and reinforces its status as a trusted partner in the industry.

For businesses looking to enhance their operational resilience and drive impactful change, Portage Point Partners remains an invaluable ally, committed to fostering success across the shifting contours of the business lifecycle. For more information on how Portage Point can positively influence your business trajectory, visit www.portagepointpartners.com.