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Peter Fitzsimmons Joins Tower Three Partners as Managing Director

NEW YORK, April 3, 2013 (GLOBE NEWSWIRE) -- Tower Three Partners is pleased to announce that Peter Fitzsimmons has joined the firm as a Managing Director. Peter was most recently President of North America and Co-Head of the North American Turnaround and Restructuring Services group for AlixPartners, the global business advisory firm.

Bill Forrest, Founding Partner of Tower Three Partners, said: "We are delighted to have Peter join us. We have worked with Peter and AlixPartners for many years and we are confident that Peter's hands-on operating and financial skills, together with AlixPartners' many capabilities, will be valuable to Tower Three Partners in the future."

During a 25-year career as an operating executive and consultant, Peter has worked across the globe and in many industries. He has been a CEO, CFO and Chief Restructuring Officer, as well as a hands-on advisor, for a variety of companies in a wide range of industries including: retail, consumer products, manufacturing, distribution, automotive, insurance and telecommunications. In these roles, he has enabled clients to materially improve performance in short periods of time by combining strong strategic thinking with disciplined execution and sound financial management.

Over the last 18 years, Peter has been instrumental in the growth of AlixPartners from a restructuring boutique to an international consulting firm, most recently as a member of the firm's Executive Committee and Board of Directors. From 2003 to 2006, Peter lived in London, where he co-founded and helped build a profitable European business for AlixPartners. Since returning to the U.S. in 2007, Peter has led AlixPartners' North American business during a time in which the firm has doubled in size.

Fred Crawford, Chief Executive Officer of AlixPartners, said: "Peter Fitzsimmons has been instrumental in growing AlixPartners into an international firm serving clients in a variety of capacities all over the world. He has been both an architect of the firm and a culture carrier for its people. While we will miss him, we look forward to continuing to work with Peter and Tower Three Partners."

Peter has an AB degree from Harvard College and an MBA from the Tuck School at Dartmouth College.

About Tower Three Partners:

Tower Three Partners is an operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. With long-term committed capital from major institutional investors, the firm targets equity investments of $50M to $150M and focuses on businesses that are underperforming their potential or that are facing significant financial challenges.

Alongside management, Tower Three Partners prioritizes and implements transformative changes in operations, strategy, growth and/or capital structure to significantly improve business performance. Our professionals are experienced in operational improvement, mergers & acquisitions and financial restructurings.

For more information, visit our website at www.towerthreepartners.com or call 203-485-5800.

About AlixPartners

AlixPartners, LLP is a global business advisory firm that specializes in helping corporate management, law firms, investment banks and private equity firms address critical restructuring, performance and financial advisory issues. The firm's expertise covers a wide range of businesses and industries, whether they are: healthy (looking to take the next step forward in their industry); challenged (seeking a strategic blueprint for sustainable results); or distressed (eager to retain maximum value in the face of an uncertain future). For more information, visit www.alixpartners.com.

CONTACT:Tower Three Partners 203-485-5800 lpoppo@tower3partners.comSource:Tower Three Partners