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Fredrikson & Byron and Alliance Management received the 2015 Transaction of the Year Award from the Minnesota Chapter of the Turnaround Management Association for the successful and value-maximizing sale of assets of HEI, Inc. under section 363 of the Bankruptcy Code. The Transaction of the Year Award recognizes excellence and extraordinary achievement in a transaction or project including complex sales, mergers or acquisitions, financing or refinancing transactions, balance sheet restructurings and high recovery outcomes in a liquidation or bankruptcy. The team will present the transaction at the Minneapolis Club on November 19, 2015.

Fredrikson’s legal team for the sale included James C. Brand, Sarah M. Olson, James L. Baillie, Steven R. Kinsella and Barbara Müller.

The Turnaround Management Association (TMA) is a global non-profit organization comprised of turnaround and corporate renewal professionals with more than 9,000 members in 49 chapters throughout the world.

Fredrikson & Byron is a 275-attorney law firm based in Minneapolis, with offices in Bismarck, Des Moines, Fargo, St. Paul, Monterrey, Mexico, and Shanghai, China. Fredrikson & Byron has a reputation as the firm “where law and business meet”. Our attorneys bring business acumen and entrepreneurial thinking to work with clients, and operate as business advisors and strategic partners, as well as legal counselors. More information about the firm is available at Follow us on LinkedIn and on Twitter @FredriksonLaw.

Media Contact: Kelly Griffith, Marketing Communications Manager, 612.492.7514,

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