MorrisAnderson, a financial and turnaround management consulting firm, announced it has been recognized as a 2016 Outstanding Turnaround Firm by Turnarounds & Workouts, for its successful restructuring and advisory expertise with clients across energy, manufacturing, healthcare and distribution sectors. The Special Report honors the top 12 Outstanding Turnaround Firms for 2016.

The recognition honors firms that are routinely retained in the most complex and sophisticated restructuring transactions. MorrisAnderson was specifically recognized for the following outstanding achievements:

• Chapter 11's -- Developed plans of reorganization for International Technical Coatings (ITC) and Delta Mechanical
• Financial advisors to UCC of Fansteel ($90 million), and a $150 million multi-location hospital
• Within debt restructuring and refinance -- MorrisAnderson represented a $600 million seafood distributor, a $25 million Texas oil and gas service provider, ITC (see previous Chapter 11), an $85 million steel service center, and a $250 million private oncology and hematology practice.

"Special thanks to our talented team of Steve Agran, Bruce Goldstein, Mark Iammartino, Howard Korenthal, Mark Welch, Daniel Wiggins and Todd Zoha for their leadership and dedication," said Dan Dooley, MorrisAnderson's chief executive officer. "We are honored with this recognition, and are committed to ensuring successful outcomes for our clients."

Turnarounds & Workouts' Special Report recognizes business professionals for their outstanding achievements in working on bankruptcies, corporate renewals, financings, turnarounds, and restructurings. Honorees are selected by the publication's editorial staff based upon recent engagements as well as nominations received from leading restructuring professionals nationwide. Turnarounds & Workouts tracks distressed businesses in the U.S. and Canada, and releases annual lists of outstanding firms and professionals engaged in the bankruptcy, corporate renewal, investment, turnaround and restructuring industries.

Headquartered in Chicago, MorrisAnderson is a middle-market consulting firm focused on underperforming and distressed companies. The firm's service offerings include financial advisory, interim, turnaround and crisis management, investment banking, performance improvement and litigation support. MorrisAnderson emphasizes hands-on involvement, consistent and reliable communication and a collaborative approach with stakeholders.