Mr. Caruso specializes in advising management teams, boards, lenders and other stakeholders to companies engaged in financial or operational restructurings. His areas of expertise include advising on financial and operational restructuring strategies; business plans and related financial projections; cost cutting and revenue enhancement strategies; liquidity management; sizing, structuring and raising DIP and other financing; preparing and operating companies through a Chapter 11 process; supplier management; and asset dispositions and wind-downs.
With more 25 years of restructuring experience, he has worked with clients across a wide range of industries such as automotive, manufacturing, consumer products, gaming and retail.
Notable assignments include: Exide Technologies (Chief Executive Officer), A123 Systems (company), K-V Pharmaceutical (lender / company), a Severstal North America subsidiary (company), Delphi Corp. (company / DIP lenders), Meridian Lightweight Technologies (chief restructuring officer, interim CEO and board member), TI Automotive, Station Casinos, Inc. (OpCo lenders), Plastech (1st lien term lenders), Global Power, Inc., Fedders Inc., Frank’s Nursery & Crafts, Brothers Gourmet Coffees, Braun’s Fashions (senior lenders), Ruff Hewn (interim CEO and president); Harnischfeger Industries, Ormet Corp. (senior lenders), Murray Products, (senior lenders); Phar-Mor, Inc., (senior lenders), Meridian Automotive Systems, Federal-Mogul Corp. and a Fortune 100 maker of tire and rubber products.
Before joining A&M, Mr. Caruso was a senior managing director with the corporate finance / restructuring practice of FTI Consulting in Chicago, specializing in the restructuring of troubled companies. Earlier, he was a partner with PricewaterhouseCoopers and a managing director with the corporate recovery services practice of KPMG. Earlier, he began assisting troubled companies as an audit manager with KPMG, serving clients in the manufacturing and insurance industries.
Mr. Caruso holds a bachelor's degree in accountancy from the University of Illinois at Urbana. He passed the Certified Public Accountant (CPA) exam in the State of Illinois and is currently a Certified Insolvency and Reorganization Advisor (CIRA). He is a member of the AICPA, Illinois CPA Society, the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI).