EY announces Patrick Walsh of Town Sports International Holding Inc., named Entrepreneur Of The Year® 2018 Award winner in New York
Walsh joins three decades of groundbreaking entrepreneurs.
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“I think Entrepreneurs are the lifeblood of this country and it’s great to be recognized,” said Walsh in his acceptance speech. “To all the TSI employees, you are amazing and no one can take this away from us. I’ve had the time of my life so far but I’m more excited about what we’re going to do in the years ahead."
Mr. Walsh has played a major role in several turnarounds, but none have
been as remarkable as Town Sports’. Walsh was faced with imminent
bankruptcy in the first year he took over management of the Company.
During a period when most industry expects predicted a bankruptcy or
sale, Walsh vowed to TSI shareholders to turn TSI into a thriving
enterprise. In 2018, the company’s stock traded over $11.00 an increase
of over 1000% from a low of 92 cents in 2016. Walsh has led a
strategic and calculated approach to increasing shareholder value while
growing the Company’s portfolio. In just the past year, TSI has
Since 1986, EY has honored entrepreneurs whose ingenuity, spirit of innovation and discipline have driven their companies’ success, transformed their industries and made a positive impact on their communities. Now in its 32nd year, the program has honored the inspirational leadership of such entrepreneurs as:
Howard Schultzof Starbucks Corporation
Pierre Omidyar of
eBay, Inc. Reid Hoffmanand Jeff Weinerof LinkedIn Jeff Bezosof Amazon.com, Inc.
Founded and produced by EY, the Entrepreneur Of The Year Awards are
nationally sponsored in the US by SAP America,
About Entrepreneur Of The Year®
Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. ey.com/eoy
About EY’s Growth Markets Network
EY’s worldwide Growth Markets Network is dedicated to serving the changing needs of high-growth companies. For more than 30 years, we’ve helped many of the world’s most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage, venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business succeed. For more information, please visit us at ey.com/sgm or follow news on Twitter @EY_Growth.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
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For more information, please visit townsportsinternational.com.
Town Sports International Holdings, Inc.