CR3 Partners announced that Tim Shanahan has joined the team and will be based in its Chicago office.

Shanahan’s background includes significant leadership and operating experience. He began his career in engineering and program management for a major automobile OEM, progressing to executive leadership as Vice President of Strategy and Business Development for a major branded consumer products company, and also has over 15 years of successful crisis management and corporate growth consulting. Most recently, he served as interim CFO of an international consumer products company with over $250 million in revenue, working alongside a CR3 engagement team to provide financial leadership during a critical bankruptcy period.

“We’re excited to have Tim on the team” said CR3 partner Tom O’Donoghue, who served as Chief Restructuring Officer of the consumer products company. “His financial management and executive leadership skills add to the depth of CR3’s expertise and allow us to better serve clients across the Midwest.”

Tom added that the expansion of the Midwest team is significant because, “in addition to Chicago being a great central location, it allows us to reach more clients quickly and also provides us the opportunity to connect with middle-market capital funding sources who work closely with our clients.”

CR3 Partners is a national turnaround and performance-improvement firm serving middle-market organizations and stakeholders across a broad range of industries during times of transition, opportunity or distress. The firm has offices in New York, Boston, Charlotte, Chicago, Dallas, Houston and Irvine.