Portage Point Expands Turnaround & Restructuring Services Leadership

Steven Shenker Named Co-Head of Turnaround & Restructuring Services Alongside Tom Studebaker as Portage Point Continues to Scale Market-Leading Platform

We are pleased to announce that Steven Shenker has been named Co-Head of Turnaround & Restructuring Services (TRS) alongside Tom Studebaker. Shenker and Studebaker will lead the next phase of TRS growth, focused on extending market reach, deepening relationships across key stakeholder communities, broadening capabilities and continuing to attract and develop elite talent.

“Our TRS practice has become a market-leading platform by combining premier talent, differentiated capabilities and an uncompromising execution culture,” said Matthew Ray, Founder & Chief Executive Officer of Portage Point. “Steven has been instrumental in that growth, and this leadership expansion reflects both the scale TRS has achieved and our continued investment to meet increasing demand across complex operational and financial situations.”

Shenker joined Portage Point as Senior Vice President in 2020 and has since led more than 50 successful turnarounds and restructurings, serving in numerous Chief Restructuring Officer (CRO) and Chief Transformation Officer (CTO) roles, including for the Center for Autism and Related Disorders, Blink Fitness, TPX Communications and QC Supply. He also served as Deputy CRO for Bouchard Transportation alongside Ray.

Beyond client delivery and origination, Shenker has played an important role in shaping broader Portage Point strategy, developing talent and strengthening culture, including leadership of the cross-functional Director group.

“Demand across the middle market continues to expand in both volume and complexity, particularly as private credit assumes a larger role across the capital structure,” said Studebaker. “Steven brings exceptional restructuring judgment, operating intensity and deep connectivity across the private credit and restructuring communities. His appointment strengthens our senior leadership capacity and positions TRS to keep delivering outstanding outcomes for clients.”

“The opportunity from here is significant,” said Shenker. “Tom and I share an ambitious vision to build on the platform’s momentum, continue adding elite senior talent, broaden capabilities and take on increasingly complex situations where Portage Point can deliver differentiated impact.”

Portage Point TRS is a leading advisor to middle market companies, boards, sponsors and lenders. The platform combines restructuring advisory, interim leadership, performance improvement and transaction capabilities in an integrated, senior-led model to protect enterprise value, create strategic optionality and drive Speed to Impact.