john sanders


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“In order for a transaction to be successful, Treasury must ensure it has a place at the table early in the deal planning process to highlight and action the myriad of complex issues inherent in any carve-out, spin-off or merger,” says John Sanders, Interim Treasurer of Axalta, which recently was successfully divested by DuPont in a sale to The Carlyle Group. See full pdf.

Farlie Turner's Special Situations Group Completes §363 Sale of PEMCO World Air Services, Inc. to Avion Services Holdings, LLC

FORT LAUDERDALE, Fla. (September 18, 2012) – Fort Lauderdale-based investment banking firm Farlie Turner & Co., LLC announced today that its Special Situations Group completed the going concern sale of PEMCO World Air Services, Inc. (“PEMCO” or the “Company”) and certain affiliates to Avion Services Holdings, LLC, an affiliate of Sun Capital Partners, Inc., under Section 363 of the U.S. Bankruptcy Code.

Based in Tampa, Florida, PEMCO is one of the largest independent providers of aircraft maintenance, repair and overhaul (“MRO”) services and conversions of commercial aircraft to cargo aircraft in the world. PEMCO’s customer base includes international commercial airline operators, global aircraft lessors and airfreight carriers.

PEMCO filed Chapter 11 proceedings in the District of Delaware in March 2012 to realign its operations and restructure its balance sheet so that it could compete more effectively in the MRO marketplace in the future. The Company’s emergence from bankruptcy with these objectives fulfilled ensures PEMCO’s ability to continue to provide best-in-class service to its customers in the U.S. and overseas.

“The team at Farlie Turner provided outstanding service around the clock to PEMCO under challenging circumstances,” remarked John Sanders, an independent director of PEMCO’s Board charged with overseeing the sale process. “They worked collaboratively with company management, outside counsel, other financial advisors, and multiple potential domestic and international bidders to generate the best possible outcome for PEMCO,” he added.

Please contact Steve Zuckerman or Scott Saunders at (954) 358-3800 regarding questions on the PEMCO transaction or Farlie Turner’s Special Situations Group.

About Farlie Turner's Special Situations Group
Farlie Turner’s Special Situations Group specializes in representing underperforming and financially distressed companies.  This Group complements Farlie Turner’s traditional investment banking practice, which focuses on serving growth-oriented middle market companies with enterprise values typically between $30 million and $300 million.  Farlie Turner, and its affiliate Bayshore Partners, LLC, a securities broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services. Please visit for more information.

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John K. Sanders Receives Certified Turnaround Professional Designation

CHICAGO, Ill. – (June 4, 2008) – John Sanders has been awarded the professional designation of Certified Turnaround Professional (CTP). John is a management consultant with JKS Business Consulting and a member of the Turnaround Management Association (TMA) Midwest/Chicago Chapter.

The CTP designation provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal. Applicants must meet specific standards of education, experience, and professional conduct. They must also successfully complete a rigorous examination that covers financial and managerial accounting and tax, turnaround and crisis management, and bankruptcy and UCC law. CTPs are required to participate in continuing education programs to maintain their certification.

"The CTP designation is the industry's most recognized certification of experienced and skilled turnaround professionals," said the TMA Vice President of Certification and President of its Certification Oversight Committee Peter Tourtellot, CTP. "It is a mark of distinction for professionals who have demonstrated their commitment to the corporate renewal industry and to a high standard of excellence and integrity."

Turnaround Management Association ( is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA's 8,000 members in 43 regional chapters worldwide comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence.