Kyle Putzstuck, CPA, CTP


Prior to joining MorrisAnderson, Kyle held positions as the assistant controller for Z Capital Partners, a leading global alternative investment manager with approximately $2.3 billion of regulatory assets under management, where he helped manage all aspect of a distressed debt for control private equity fund and as senior accountant at Ernst &Young where he focused on assurance services for the asset management industry.  He is a Certified Public Accountant (CPA) in Illinois. Kyle graduated summa cum laude with a master’s and bachelor’s degree of accounting science from Northern Illinois University.


Kyle assists clients by providing a broad range of the firm’s financial and operational advisory services, including performance improvement, turnarounds, workouts, litigation support and insolvency services and wind-downs for distressed and bankrupt companies. Kyle consults directly with management and senior financial staff to provide accurate cash flow projections, budgets, and business valuations in order to evaluate, support, and help implement strategic decisions in crisis situations.


Kyle’s recent experience has spanned a wide variety of business sectors, including Retail, Oil & Gas, Metals, Financial Services, and Recycling.


  • Interim CFO of a mattress retailer where led negotiations with 100 plus landlords and implemented other significant cost cutting measures to avoid bankruptcy filing
  • Interim CFO of a heavily distressed $50M stainless steel company while implementing an aggressive turnaround plan which included a consolidation of facilities and a refinance of existing lender
  • Restructured a $100M debt facility of an oil field services company in the heart of the Permian Basin
  • Managed operational wind-down of the largest US refrigerator recycler whose unit volume was 400,000 per year across 28 states
  • Negotiated numerous asset based sales in liquidation environments that provided maximum recovery for both secured and unsecured creditors
  • Written multiple expert witness reports to render opinions on Ordinary Course and New Value preference defenses pursuant to Section 547(c) of Title 11 of the United States Bankruptcy Code
  • President of a $200M Paper Mill where lead the restart and conversion of the paper mill to containerboard (Chicago Large Turnaround of the Year 2020). The restart resulted in revenue of $200M yielding EBITDA in excess of $20M prior to selling within 2 years of restart date.
  • President of a $30M metal fabricator that specialized in point of purchase displays. Prior to becoming President led the sale process of the Company.
  • Interim CFO of a $55M+ premium kayak manufacturer.