Acquires Bankruptcy and Restructuring Firm MorrisAnderson: J.S. Held
In a significant move, global consulting firm J.S. Held has acquired MorrisAnderson, a leading expert in financial restructuring and operational consulting. This strategic acquisition has expanded J.S. Held's capabilities across several key areas, providing a more comprehensive support platform for clients facing complex financial and operational challenges.
The acquisition bolsters J.S. Held's capacity in turnaround and restructuring, with MorrisAnderson's expertise as Chief Restructuring Officer (CRO) in Chapter 11 reorganizations and out-of-court restructuring roles for substantial firms. This strengthens J.S. Held's ability to lead and advise distressed companies through operational and financial turnarounds.
Moreover, MorrisAnderson's track record as a financial advisor in debtor refinancing for large firms across various sectors, including manufacturing, distribution, healthcare, and services, boosts J.S. Held's advisory capacity in refinancing strategies for companies seeking liquidity solutions.
The deal also brings in fiduciary expertise, with MorrisAnderson's experience as Liquidating Trustee complementing J.S. Held's ability to manage and oversee bankruptcy estates and related fiduciary responsibilities.
Furthermore, the acquisition broadens J.S. Held's scope in handling bankruptcy proceedings, transactional advisory, and resolving financial disputes.
In addition to these benefits, MorrisAnderson's clients now have access to J.S. Held's global network of over 1,500 specialists offering services such as business and intellectual property strategy and valuation, compliance and regulatory consulting, forensic accounting, environmental consulting, M&A regulatory response, ESG and sustainability consulting, cybersecurity, and independent director and interim management services, among others.
Daniel F. Dooley, CEO of MorrisAnderson, expressed his enthusiasm about collaborating with colleagues at J.S. Held. Mark J. Welch, Principal at MorrisAnderson, found the unique combination of entrepreneurial and visionary leaders with an unwavering focus on operations at J.S. Held attractive in the acquisition.
Michael Jacoby, Senior Managing Director at J.S. Held, sees the expertise at J.S. Held as important to support their strong deal flow. The geographic reach and broad industry expertise of J.S. Held are significant benefits of the transaction, according to a quote from the deal.
Enhancing the ability to scale using J.S. Held experts is valuable to MorrisAnderson and their clients, according to Michael Jacoby. The Stapleton Group team is also involved in the collaboration with J.S. Held and MorrisAnderson.
This acquisition not only expands the geographic reach of J.S. Held but also increases the industry expertise and the breadth of services available to clients globally, enabling a more comprehensive support platform for sustainable business growth and value realization.
[1] MorrisAnderson's expertise as CRO in Chapter 11 reorganizations and out-of-court restructuring roles for sizable firms. [2] MorrisAnderson's track record as a financial advisor in debtor refinancing for large firms. [3] The acquisition brings in fiduciary expertise, including roles as Liquidating Trustee. [4] The deal broadens J.S. Held’s scope in handling bankruptcy proceedings, transactional advisory, and resolving financial disputes. [5] MorrisAnderson’s clients now have access to J.S. Held’s global network of specialists.
- The acquisition of MorrisAnderson by J.S. Held has brought private equity firm J.S. Held a boost in financial advisory capacity, with MorrisAnderson's expertise as Chief Restructuring Officer (CRO) in Chapter 11 reorganizations and out-of-court restructuring roles for substantial firms.
- Furthermore, this deal allows MorrisAnderson's clients to tap into J.S. Held's extensive global network of specialists, expanding their expertise in areas like business strategy, environmental consulting, cybersecurity, and M&A regulatory response.
