FOR IMMEDIATE RELEASE
April 17, 2007
Contact: Richard John, (813) 281-0062
TAMPA, FL, April 17, 2007 – Focus Management Group announced that it is opening a new regional office in Cleveland, OH as part of the continued expansion of its operations. The opening will provide the nationwide restructuring firm with an additional base to support the growth of its turnaround management operations in the Midwest and Northeastern states.
In a statement made today, J. Tim Pruban, President of Focus Management Group, said, “This expansion is directly related to our ongoing commitment to provide stakeholders with comprehensive solutions in turnaround management, business restructuring and asset recovery. The Cleveland office will strengthen our presence in Ohio and its surrounding states and will enable us to more effectively service our clients’ needs in this important region.
Michael P. Grau, a financial specialist with extensive experience in turnaround management, consulting, accounting and commercial lending, will serve as Managing Director of the new office, overseeing its operation and business development activities. Prior to joining Focus, Mr. Grau held senior-level positions with leading financial institutions, as well as co-founding a boutique management consulting firm. He can be reached at 440-315-0478 or m.grau@focusmg.com.
About Focus Management Group
Focus Management Group offers nationwide capabilities in turnaround management, business restructuring and asset recovery. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Greenwich, Los Angeles and Nashville, Focus Management Group provides turn-key support to stakeholders including secured lenders and equity sponsors. The Company provides a comprehensive array of services including turnaround management, interim management, operational analysis and process improvement, bank and creditor negotiation, asset recovery, recapitalization services and investment bankers to distressed companies.
Over the past decade, Focus Management Group has successfully assisted hundreds of clients operating in diverse industries, guiding them to maximize performance or asset recovery. Adverse situations are Focus Management Group’s forte – finding winning compromises in a timely manner when faced with the most discouraging of circumstances is what separates Focus Management Group from the competition.