June 23, 2010 – Executive search firm Accretive Solutions has added Frank R. Mack as senior managing director in an effort to expand its corporate restructuring practice. As part of this new initiative, Accretive Solutions has formed Accretive Solutions Capital Partners LP to invest directly in special situations and turnarounds, with Mr. Mack to act as the lead investment professional. Both the corporate renewal, special situations, and restructuring practice and AS Capital Partners will provide middle-market clients with financial advisory, interim management, fiduciary services, senior and subordinated lender advisory services, litigation support/expert witness, select M&A services and potential special situations capital. Mr. Mack brings more than 20 years of experience as an interim manager, consultant and private equity investor to under-performing companies in operational, financial and investment workout capacities to his new role. He previously founded and served as CEO at Project Special Situations LLC, a firm dedicated to sourcing and managing acquisitions of distressed companies. Prior to that, he served as managing director at international turnaround consulting firm Conway MacKenzie, Inc. “Frank's extensive experience with turnaround situations and high-level operations management will be extremely valuable to Accretive Solutions as we continue to expand our specialized restructuring and corporate renewal practice,” said Jonathan Rosenthal, chairman of Accretive Solutions. Mr. Mack, the restructuring group, and Accretive Solutions Capital Partners will be based in New York City, with support from additional resources in Chicago, Detroit, Houston, Atlanta and Los Angeles.
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