CHICAGO, IL--(Marketwire - November 23, 2010) - MorrisAnderson, a Chicago-based financial and operational advisory firm, announced today that it has signed an affiliation agreement with Illumina Partners, a financial advisory firm based in Toronto. This relationship will expand the firms' respective geographic reaches and will provide mutually beneficial business and referral opportunities.
Illumina Partners' leadership team has more than 55 years of combined operational and advisory experience. The company's managing directors, Upkar Arora and Jim Wilson, have extensive experience leading Canadian corporations during significant transformational events, such as mergers, acquisitions and turnarounds. The principals of Illumina have participated in more than CAD $16 billion in transactions, in Canada, the United States, Mexico and Europe with multi-national organizations, including MI Developments, Husky Injection Molding, TrizecHahn Corporation and Reichmann International.
According to Dan Dooley, CEO of MorrisAnderson, this agreement with Illumina Partners will enable the firm to tap into a new pool of prospective clients and referral sources in Canada, where it previously did not have a significant presence. "Illumina Partners' knowledge of the Canadian business landscape and successful track record of navigating clients' complex business challenges will enable MorrisAnderson to become an even more valuable asset for our international clients and referral sources," said Dooley. "This strategic venture reaffirms MorrisAnderson's commitment to providing both our domestic and international clients with the full spectrum of financial advisory services in a highly personalized manner."
MorrisAnderson chose to enter into an agreement with Illumina Partners because of the firm's deep experience in key practice areas including management of corporate recoveries, turnarounds and restructurings, interim management and operational performance management.
"Illumina Partners is proud to partner with MorrisAnderson, a company whose commitment to integrity and personalized client attention matches our own high standards," said Upkar Arora, of Illumina Partners. "This strategic partnership will benefit both companies by providing us with greater resources and bench strength from an industry and experience standpoint to strengthen our client service capabilities."
About MorrisAnderson
Now celebrating its 30th anniversary, Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, St. Louis, Charlotte and Minneapolis. The firm's service offerings include performance improvement, financial advisory, interim management, turnarounds, workouts, litigation support and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $25 million to $500 million in annual sales.
About Illumina Partners
Founded in 2002, Toronto-based Illumina Partners is an independent financial advisory firm specializing in providing organizations with practical solutions to complex business challenges by applying its unique combination of financial, operational and strategic expertise. The firm's services offerings include: corporate recoveries, turnarounds and restructurings; mergers, acquisitions and divestitures; financings; joint ventures/strategic partnerships; board/special committee advisory; interim management; operational performance evaluation; and special situations.
Contact Information:
Contact:
Lynn Sheka
Reputation Partners (for MorrisAnderson)
(312) 447-2575
lynn@reputationpartners.com
Amanda Hansen
Senior Marketing Manager
MorrisAnderson
(312) 254-0956
ahansen@morrisanderson.com
Kristy Bertrand
Consulting Manager
Illumina Partners Inc.
(416) 861-1717 ext 3
kbertrand@illuminapartners.com