J.S. Held acquires turnaround firm MorrisAnderson
J.S. Held, a Jericho, NY-based technical and forensic advisory firm, has acquired MorrisAnderson, a Chicago-based turnaround and restructuring consulting firm.
MorrisAnderson was founded in 1980 and has 18 employees, according to its website. The boutique firm’s notable engagements including acting as chief restructuring officer on the Chapter 11 reorganization of US Realm, acting as financial advisor in debtor refinancing for a $700-million protein processor, and providing litigation support for multiple disputes.
MorrisAnderson has industry expertise across manufacturing, distribution, restaurants, and franchise businesses.
J.S. Held’s acquisition of MorrisAnderson will strengthen its capabilities in turnaround and restructuring, bankruptcy, transaction, and dispute advisory.
"The expertise at J.S. Held will be important to support our strong deal flow, enhancing our ability to scale leveraging J.S. Held experts is incredibly valuable to us and our clients," said Mark Welch, principal at MorrisAnderson.
The MorrisAnderson deal builds on J.S. Held’s 2023 acquisition of Phoenix Management Services, a Philadelphia-based turnaround and transaction advisory firm, and its 2024 acquisition of Stapleton Group, a Los Angeles-based financial advisory and fiduciary services firm.
"The entire Phoenix Team along with the team from Stapleton Group look forward to actively collaborating with our colleagues at MorrisAnderson and further applying our shared expertise to an increasingly diverse set of clients, law firms, private equity firms, and lenders," said senior managing director Michael Jacoby, who joined J.S. Held as part of the Phoenix acquisition.
J.S. Held has 1,500+ people across five continents providing services in technical and scientific advisory, strategic advisory, digital and data, financial investigations, valuation, and risk.
