Tom Ahonen Named Partner at Platinum Group, a Transition Management Firm

Eden Prairie, Minn. (January 13, 2009) — Platinum Group announces that Tom Ahonen has been selected to become a partner. He has worked full time as a member of the transition management firm since 2007.

Ahonen has two ongoing roles in the firm. First, he is CFO/vice president of operations at Elvin Safety, one of Platinum’s equity companies. He also takes interim management assignments in privately held companies that are in transition and provides leadership in operations and finance.

With more than 25 years of experience, Ahonen has experience in manufacturing and distribution operations, enterprise systems and business intelligence. His background also includes working in a family owned business, a multi-national consumer products company and a large public accounting firm.

Ahonen holds a bachelor’s degree in finance from Northern Michigan University. As a volunteer pilot for the Veteran's Airlift Command, he supports the transportation needs of wounded veterans and their families. He resides in Blaine.

Founded in the early 1980s, Platinum Group is an interim management, consulting and investment group that leads privately held companies through critical transitions. The firm has invested in, managed and/or advised more than 500 companies in the Upper Midwest. Platinum Group was awarded the “Transaction of the Year” award in 2008 by the Upper Midwest Chapter of the Turnaround Management Association. For more information, visit www.theplatinumgrp.com.

June Transition Story

The Transition Resource Group invites company owners, partners and families in business to learn from a live transition story.

Real Story #5:
An innovative, “out of the box” business transition story

Join us to hear Bruce Baumgarn’s story of how he successfully sold and transitioned from a business in which he had previously invested. Bruce will share the innovative approach he used to get his business ready for sale. Participate in open dialogue with Bruce and other participants. Trusted advisors are welcome accompanied by a client or prospect. Please come and learn from Bruce’s point of view:

Why it is important to listen to your Trusted Advisors
If one road for selling your business isn’t working, there might be a different approach
Timing is everything— the importance of timely action
What do you do with your life when you have 70 additional hours a week at your disposal?

The Transition Breakfast Series is hosted by Olympic Hills Golf Club.

$25 in advance, $30 at the door
Please RSVP by Friday, June 8

Transition Resource Group

Who we are: A select group of professionals who have experience with business owners seeking to transition their business.
What we do: Provide a coordinated set of advisory services bringing specialized expertise to company owners that may be needed at some phase of a transition.
How we operate: Some of our services will apply to your situation, others may not. We consult and advise according to your needs. If we see the need, a TR G member will suggest others who may be a good fit for you. It’s always your decision.

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