Duluth Executive, Daniel Markham, Joins Minneapolis-Based Platinum Group

Daniel Markham, former executive vice president and corporate secretary of Duluth-based Capstan Corporation, has joined Platinum Group, a turnaround management and consulting firm, as an executive consultant.

According to Platinum Group Founder Dean Bachelor, “We were looking to expand our advisory services in Duluth and invited Dan to join our team. Our clients will benefit from his deep experience in banking, finance, strategic development and implementation and corporate governance, which he will offer to the Duluth-area business community and its leaders with Platinum’s support and resources.”

Markham brings a 25-year background to Platinum in real estate, finance, banking, utilities and various other industries. His business development and executive-level expertise at Capstan in acquiring and growing businesses will be invaluable to Platinum’s work with privately held companies that are looking to grow, recover or transition.

A long-time resident of Duluth, Markham is a member of Duluth Rotary Club #25 and the Duluth Area Chamber of Commerce. He is president-elect of Northland Country Club’s board of directors, and serves on the advisory committee of the Duluth Legacy Endowment Fund.

Platinum’s services include solving cash flow problems, restructuring organizations, negotiating bank relationships, transitioning businesses, and more to help business owners drive progress after a setback or reach the next growth milestone.

A recent example of Platinum’s work in Northern Minnesota involved being hired by a bankruptcy trustee to provide business advisory services as Duluth-based Fifty Below Sales & Marketing went through Chapter 11 bankruptcy. A team from Platinum provided interim management and operational leadership while preparing the business for sale. Working with the trustee, Platinum was successful in expeditiously facilitating the sale of the company, enabling the new owners to maintain over 200 good-paying jobs in Duluth.

For more than three decades, Platinum Group has provided turnaround management and consulting advisory services that help business owners restore, enhance and realize the value of their businesses. The firm has received the 2011 Minnesota Business Ethics Award and the Turnaround of the Year Award. For more information, visit http://www.theplatinumgrp.com .

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