The Turnaround Management Association (TMA) awarded the following Houlihan Lokey Managing Directors for their impactful restructuring work in the 2021 Turnaround/Transaction of the Year Awards: Fred Vescio in the Murray Energy Holdings Co. deal; Jim McKnight in the Virgin Australia Holdings Ltd. deal; and David Hilty and Peter Marshall in the Swissport International deal. These awards are chosen based on a rigorous peer-review process by the volunteer TMA Awards Committee.