SSG Capital Advisors, a special situations investing banking firm, announced the promotion of three veteran team members to director. They are: Michael J. Gorman, Terry Kohler, and Luis A. Pillich. As Directors, they will be responsible for practice development, cultivating and maintaining referral sources and client relationships, as well as leading investment banking transactions. They are based in the firm’s West Conshohocken, PA headquarters.

“We are pleased to promote these exceptional professionals,” said J. Scott Victor, Managing Director. “SSG has a culture of fostering talent internally and Mike, Terry and Luis are among the best and brightest of the next generation of leaders in the restructuring industry. On behalf of everyone at SSG, I congratulate them on this achievement.”

Each of the three new Directors has extensive special situations investing banking experience and each has completed dozens of transactions.

Michael Gorman advises middle market companies facing financial or operational challenges and has deep experience with publicly-traded and privately-held companies in the manufacturing, distribution, building materials and aviation industries. Gorman is an active member of the American Bankruptcy Institute and the Turnaround Management Association.

Terry Kohler oversees buyer and investor relations and strategic advisory for special situations clients in the agriculture, retail, manufacturing and energy/natural resources industries. He is a Certified Management Accountant and active member of the American Bankruptcy Institute, the Association for Corporate Growth, the Institute of Management Accountants and the Turnaround Management Association where he serves on the Executive Planning Committee for the Mid-Atlantic Symposium.

Luis Pillich advises middle- market clients in special situations and bankruptcy proceedings and focuses on the retail, distribution, media and telecommunications industries. His recent engagements include the Section 363 sale of TCIM Services, Inc., private placement for Smooth Fitness, Section 363 sale of American Laser Skincare and sale of Next Generation Vending and Food Service, Inc. He completed graduate research at Oxford University and earned a B.A. from the University of Hartford. He is fluent in Spanish and an active member of the American Bankruptcy Institute and the Turnaround Management Association.

In a related story, SSG announced Teresa Kohl has become the first woman to serve as president of the New York Chapter of the Turnaround Management Association. The TMA NY has over 1,000 members and is the largest chapter in TMA Global. Kohl joined TMA NY in 2009 and was chair of the Women's Division, vice president of Programming and president-elect. She is a Director in SSG's New York office and a veteran in the insolvency industry.

"I am honored to be the first woman to lead the New York Chapter as president. I look forward to working with our outstanding Board, committees, Past Presidents Council and TMA Global leadership to continue providing exceptional educational and social programs for restructuring professionals in New York," said Kohl.

View the entire news release from SSG Capital Advisors.