Mike Caruso

Managing Director

Boston

With financial and operating experience spanning over 30 years, Mike Caruso is a proven problem-solver with the ability to quickly adapt to different environments and produce quantifiable bottom-line results.

Mike has an extensive track record of increased revenues, cost reductions, and solid organizational leadership. He is adept at process enhancements, mergers & acquisitions and managing projects to dramatically increase productivity and produce significant ROI.

Representative Experience

Member of the Board of Directors of a leading pharmaceuticals marketing services company from restructuring through a successful sale transaction.
Provided accounting and transaction support for $1B+ shipping and logistics company through acquisition process, including billing, payables, cash flow, and financial reporting.
Interim Chief Executive Officer of an online game, media, and ad network where he led the restructuring of the company through a liquidity crisis resulting in the sale of a division and the spin-off of a stand-alone media company
Chief Financial Officer for a major business-to-business publisher overseeing overhead cost reductions through consolidation, streamlining and product redesign and a 30% increase in Company EBITDA
Advisor in several turnaround engagements, including in the media, commercial printing, restaurant, manufacturing and agriculture industries resulting in improvements in earnings and financial stability

Chief Financial Officer/General Manager for a major business-to-business publisher where he led the transition from print magazines to 100% digital products resulting in the sale and transition of the company
Member of Board of Directors for national real estate publication during company restructuring including strategic divestitures, hiring of new CEO and development of a new online marketing strategy
Held financial and operating management positions over an 18-year span with one of the top ten newspapers in the U.S.A., leading projects generating over $15MM in savings as well as starting a successful direct marketing subsidiary

Mike Caruso's Insights & Articles

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Article

Performance Improvement, A Primer

This introductory article is first in a Performance Improvement series. Subsequent articles will isolate and expound upon specific tools and techniques.

The Continued Evolution of Digital Media

Hospitality & Entertainment

The media industry has gone through many changes since banner advertising first appeared on the Internet. Legacy constraints on traditional media outlets have hampered their ability to respond. Startups have sought to capitalize on these constraints; not all of them have survived.

New Partners and Continued Growth of CR3 Partners

The CR3 Partners Board of Managers is pleased to announce that Jeff Armstrong and Dawn Ragan have been admitted to the firm's partnership.

Project Work

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The Paper Store

The company is a family-owned retailer of specialty gifts with 86 locations in the northeastern U.S. The company's term lender engaged CR3 to evaluate its position before and during the company's Chapter 11 bankruptcy filing.

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Beauty Consumer Products

The company is a $80MM branded consumer products company primarily focused on selling women's haircare products. Due to poor management decisions during a sales process that resulted in declining financial performance, buyers lost interest in closing a transaction.