FDP Awarded 2025 TMA Large Turnaround Award

At the annual Turnaround Management Association (“TMA”) Executive Speaker Forum and Award ceremony, held on November 20, 2025, Fort Dearborn Partners (“FDP”) was honored with the 2025 Large Turnaround of the Year award, highlighting its pivotal role in the successful sale of Oberweis Dairy, an iconic Chicago brand of premium milk and ice cream products, to the Hoffman Family of Companies. 

FDP served as Chief Restructuring Officer and financial advisor before and during the Chapter 11 bankruptcy process. FDP reduced operating expenses by over $8,000,000, improved gross margins by over $2,000,000 through pricing strategies, advised management on the sale of assets, negotiated the purchase agreement terms with the stalking horse bidder, guided the Company through the bankruptcy process and in the process saving over 1,500 jobs and allowing a legacy Chicago brand to remain a part of the city’s history.

FDP worked closely with Oberweis Dairy attorneys, Howard Adelman, Adam Silverman, and Alexander Brougham, of Adelman & Gettleman (“A&G”), and the attorney for the senior lender, Nathan Delman of Kilpatrick Townsend, to complete the process and bring the transaction to a successful and meaningful conclusion for all parties involved.

TMA 2025 Large Turnaround of the Year

Pictured (from left to right): Daniel Hoekstra, FDP (accepting on behalf of Robert Cleary, FDP); Kevin Cleary, FDP; Adam Kraber, Oberweis Dairy; Austin Curtis, FDP.  Not pictured: Brice Deer, FDP.

Pictured (standing, from left to right): Daniel Hoekstra, FDP (accepting on behalf of Robert Cleary, FDP); Adam Silverman, Adelman & Gettleman; Alexander Brougham, A&G; Nathan Delman, Kilpatrick Townsend; Austin Curtis, FDP. Seated (from left to right): Kevin Cleary, FDP; Adam Kraber, Oberweis Dairy; Howard Adelman, A&G.