CHICAGO, IL--(Marketwire - March 26, 2008) - MorrisAnderson is pleased to announce that Jason Paru has joined their Chicago office as a Consultant. "We are very happy that Jason has joined MorrisAnderson," says Principal Howard Korenthal. "Jason brings strong analytical and hands-on experience to our turnaround and restructuring team."

Paru's experience includes corporate turnaround management and restructuring services, private equity investing, mergers and acquisitions, and general corporate finance. He has been an adviser to distressed and under-performing companies, private equity investors, lenders, and other creditors in out-of-court restructurings and bankruptcy proceedings, as well as debt restructurings and financings, liquidity management, cost containment/operational initiatives, §363 asset sales, business plan and strategic analyses, valuation analyses, litigation support, private equity investing, and mergers and acquisitions.

Paru's restructuring experience with distressed and underperforming companies includes advising a $200 million manufacturer and distributor of food service equipment and supplies in a debt restructuring, liquidity management, and strategic planning initiative. He also performed a business plan assessment for a $190 million snack foods manufacturer and distributor, and advised the senior secured lenders of an $85 million pharmaceutical manufacturer on operational and financial restructuring initiatives, cash-flow forecasting, and business valuation.

Paru's professional experience also includes four years of specializing in private equity investing, with a focus on leveraged buyouts, recapitalization, and growth equity investments across a wide range of industries. He has worked in the manufacturing, consumer products, business services, distribution, retail, telecommunications, textiles, and pharmaceuticals industries.

Prior to joining MorrisAnderson, Paru was a vice president with the turnaround and restructuring practice of Mesirow Financial Consulting. He received his MBA from the University of Chicago Graduate School of Business and holds a bachelor's degree in economics from Northwestern University. He is a member of the Turnaround Management Association (TMA) and the Association of Insolvency and Restructuring Advisors (AIRA).

More about MorrisAnderson:

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, turnarounds, workouts, litigation support, valuation, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $200 million in annual sales. Now celebrating its 27th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is based in Nashville, Tenn.

Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892