Collard to Speak at Dow Jones Distressed Investment Forum at the Grand Hyatt, New York.

Turnaround firms have begun to market their services to private equity and hedge funds to trouble shoot potential problems. The firms are being used as scouts, performing due diligence on companies before the funds invest. Consultants are also brought in when a default occurs or when a distressed business needs an operational fix. Panelists from some of the nation's top firms share their strategies for making sure deals don't go south when trouble arises.

Mr. Collard said "there is value-added realized when investors bring in turnaround professionals to run a company or advise private equity investors on investing in underperforming companies in which they want to invest. They bring a unique leadership style to focus on the immediacy of changes required. When a company is in trouble a different set of leadership skills is required to set the company back on a profitable path."

"More private equity and hedge fund investors are seeking the help of turnaround experts, and many are adding this talent to their senior management roles."