J.S. Held Expands Chicago Presence with Acquisition

News Summary

J.S. Held, a New York advisory firm, has bolstered its Chicago operations by acquiring MorrisAnderson, a financial restructuring firm. This acquisition marks J.S. Held’s third in the Chicago area in three years, adding 11 employees and increasing its workforce in the city to 119. J.S. Held aims to enhance its advisory capabilities in various sectors, reflecting a trend of consolidation within the financial advisory industry as firms seek to expand their expertise and service offerings.

Illinois

J.S. Held, a New York-based advisory firm, has expanded its presence in Chicago by acquiring MorrisAnderson, a boutique financial restructuring and turnaround firm. This acquisition, the third of its kind for J.S. Held in the Chicago area within three years, adds 11 employees from MorrisAnderson to J.S. Held, increasing the firm’s total workforce in the city to 119 employees.

With this strategic move, J.S. Held has continued to bolster its capabilities in the financial advisory sector. The company, which is headquartered in Jericho, New York, currently employs over 1,500 individuals globally. The specific terms of the acquisition of MorrisAnderson have not been disclosed to the public.

This acquisition follows J.S. Held’s previous purchases in the Chicago area, including Ocean Tomo, known for its expertise in intellectual property, and Capital Forensics, located in Palatine, which was acquired in 2022. These acquisitions demonstrate J.S. Held’s commitment to expanding its service offerings and market reach within the region.

The firm operates in various sectors, providing comprehensive advisory services such as financial consulting, litigation support, and intellectual property management, making this latest acquisition a complementary addition to their service portfolio.

Founded in 2010, J.S. Held has positioned itself as a key player in the advisory field, focusing on high-stakes consulting engagements across different industries. MorrisAnderson, for its part, brings a wealth of experience in financial restructuring and turnaround strategies, which can enhance J.S. Held’s ability to support clients navigating complex financial challenges.

J.S. Held’s expansion strategy illustrates a robust approach to growth, not only through organic initiatives but also by acquiring firms that possess specialized knowledge and expertise. The integration of MorrisAnderson’s team is expected to provide immediate benefits, particularly for clients seeking nuanced and tailored financial strategies.

John Pletz, the senior reporter covering technology, aviation, and cannabis, reported the news of this acquisition. Pletz has been a member of the reporting team since 2007, with prior experience covering technology matters for the American-Statesman in Austin, Texas. His insights serve to inform the business community about significant moves in the market, such as this notable acquisition.

This latest acquisition reflects a growing trend of consolidation within the financial advisory industry, where firms seek to enhance their competitive advantage by broadening their expertise and service offerings through strategic acquisitions. As J.S. Held continues to expand, the firm is likely to focus on integrating new expertise and ensuring client service remains a priority amid its growth strategy.

As J.S. Held pursues further opportunities for growth and expansion, the firm is well-positioned to capitalize on the evolving needs of businesses seeking expert financial advisory services. With rising demand for specialized financial guidance, J.S. Held’s move to acquire MorrisAnderson places it in a prime position to attract both new clients and talent in the Chicago market.

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