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For Immediate Release

Susan Gallagher Joins True Partners Consulting as Chief Operating Officer

New COO will lead U.S. market and focus on continued growth for True Partners

CHICAGO - May 2010 – True Partners Consulting LLC today announced that Susan Gallagher, 51, has joined the firm as chief operating officer.

True Partners recruited Gallagher for this position as part of its broader efforts to double its business organically over the next four years, according to the firm’s chief executive officer, Cary McMillan.

“Susan fits very well into our unique culture at True Partners, which is built around having senior-level counselors work closely with our clients on complex tax advisory engagements,” said McMillan. “Susan has the enthusiasm and leadership skills to help us continue to attract and grow the best professionals and keep our teams working together to solve complex client problems for years to come.”

Gallagher brings extensive experience in strategic development through the design and implementation of marketing and sales programs to drive growth. In her new role with True Partners, she will lead the U.S. region, work closely with each market to drive growth, maintain client satisfaction and help set the firm’s overall business strategy.

“With the tax environment becoming more complex – both for public, as well as private, companies – corporations have a real opportunity to re-examine and improve their tax strategies. True Partners is ideally positioned to meet this need,” said Gallagher. “I’m truly delighted to be joining this dynamic firm with such talented leadership and staff, especially at this vital point in the firm’s evolution.” Gallagher has more than 26 years of experience in professional services and is recognized nationally in the consulting market, with a diverse range of clients heavily focused on Fortune 500 companies. She has provided analysis on international and inter-company pricing disputes, calculated potential damages in trade secret cases and identified the features and impact of intricate fraud schemes.

“We are very pleased with the success of our portfolio company, True Partners, and are excited about the addition of a new chief operating officer,” said Reeve Waud, founder and managing partner, Waud Capital Partners. “We are confident that the senior leadership in place will help drive True Partners’ continued success and growth.”

Before joining True Partners Consulting, Gallagher worked at Huron Consulting Group, where she was one of the 25 founding managing directors of the company. She was responsible for driving growth nationally in the legal business and played a key role in developing the strategies to initiate and sustain relationships with clients and legal counsel.

Gallagher also served as the head of client relationship development for Arthur Andersen’s Chicago office, where she restructured the marketing function to align it with the various business units.

Gallagher received a Bachelor of Business Administration from St. Mary’s College in Notre Dame, Indiana. She is also a certified public accountant in Illinois.

About True Partners Consulting
True Partners Consulting is a world-class tax and business advisory firm that helps large public and private enterprises navigate complex financial regulations. The firm provides a broad range of tax services, including analysis and counsel concerning the tax impact of business issues such as organic or acquisition-driven growth, filing practices, business restructuring or bankruptcy. The firm also conducts refund reviews, negotiates tax incentives, analyzes clients’ tax exposure and prepares responses to audit inquiries, in addition to helping clients address compliance issues.

The firm has offices in Chicago; New York; Los Angeles; San Jose, Calif.; Tampa, Fla.; Boston; and London. There are also member firms with headquarters in the following cities: Paris; Turin, Italy; Barcelona, Spain; Beijing and Hong Kong, China; Singapore; Munich, Germany; and The Netherlands; through the True Partners Consulting International Network. Find additional information at www.tpctax.com.

About Waud Capital Partners
WCP is a leading middle market private equity investment firm founded in 1993 that partners with exceptional management teams to invest in middle market growth equity investments, industry consolidations, buyouts and recapitalizations. The firm seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $300 million. For additional information on WCP, visit the firm’s website at www.waudcapital.com.

For Further Information:
David Neighbours
Waud Capital Partners
Tel: (312) 676-8400

Victor Polanco
True Partners
Tel: 312-235-3310

Anna Robinson
Burson-Marsteller for True Partners
Tel: 312-596-3414

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