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March 19, 2015

Phoenix Continues Strong Growth Adding Five New Professionals to the Firm

Philadelphia (March 19, 2015) —- Phoenix Management Services, a leading provider of sustainable, operationally focused solutions, is pleased to announce that five new professionals have joined the firm to support its continued growth and expansion of services.

David Drinan joins Phoenix as a Managing Director in the New York office. Over the past eighteen years, David has provided advice and counsel to a wide variety of clients in many different circumstances. He brings to Phoenix an extensive array of service experience including turnaround/restructuring, interim management, quality of earnings and investment banking services. David is a fully licensed investment banking professional that is capable of assisting in the core services of the firm. David graduated from the University of Illinois with a B.A. in Finance and earned his M.B.A. from the University of Chicago, Booth School of Business with concentrations in finance, economics and entrepreneurship.

Jason Hanes joins Phoenix as a Director based in the Cleveland office and will be providing Phoenix with a wealth of experience gained from working through a variety of complex situations and transactions. He has spent the past fourteen years in a wide variety of roles within commercial and asset-based lending ranging from field auditor, relationship manager, portfolio manager and business development. Jason is an active CPA in OH with a B.S. in Accounting from Bowling Green State University and a M.B.A. from Cleveland State University.

Phoenix welcomes to the team three new analysts; Jack Murdoch and Patrick Bellot based in the Chadds Ford, PA (Philadelphia) office and Jenna Birkhold in Boston. Jack joins Phoenix after spending two years as a Credit Analyst and Underwriter in Leveraged Lending. He is a Finance and Economics graduate from the University of Delaware. Patrick joins Phoenix after two years in a variety of roles in corporate finance bringing to the firm his solid business thinking skills and capabilities related to organizational and process changes. Patrick is a Cum Laude graduate from Suffolk University with a B.A. in Finance. Jenna Birkhold joins Phoenix after spending four years as a Risk Management Consultant. Jenna earned her M.B.A. from Babson College: Franklin W. Olin Graduate School of Business and is a Certified Risk Manager.

About Phoenix:

For over 30 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition. Phoenix Management Services® provides turnaround, crisis and interim management, specialized advisory and operational due diligence services for both distressed and growth oriented companies. Phoenix Capital Resources® provides seamless investment banking solutions including M&A advisory, complex restructurings and capital placements. Phoenix Capital Resources is a U.S. registered broker-dealer and member of FINRA and SIPC. Proven. Results.®

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