Turnaround company opens Milwaukee office

MorrisAnderson & Associates Ltd., a Chicago-based performance improvement consultant with offices in New York, Atlanta, Cleveland, Delaware, Los Angeles, Nashville and St. Louis, recently opened an office in downtown Milwaukee.

Howard Korenthal, managing director with the firm, is splitting his time between the Chicago area and Milwaukee now. He has leased temporary space in 250 E. Wisconsin Ave., and is now looking for Milwaukee-area people to work with the firm.

“I want to create a base of people who are Milwaukee- or Wisconsin-oriented people,” Korenthal said. “People like to do business with local people.”

Korenthal hopes to connect with experienced turnaround consultants and other potential consultants.

“This is a strange business,” he said. “Most people don’t start out in the turnaround field. We’re also looking for people with a financial or operations background who may have been downsized. Consulting might be an interesting field for them. Our people are primarily experienced executives. One of the things we sell is experience.”

MorrisAnderson assists clients with performance improvement, financial advisory, interim management, turnarounds and workouts, corporate finance, information technology, insolvency and health care.

The firm’s roots are in turnaround consulting, Korenthal said, a field that has been relatively quiet during the robust economy of the past five years. To continue growth, MorrisAnderson diversified its services.

“Many of the skills (for turnarounds) are good for healthy companies,” he said. “Healthy companies are easier to work with. That’s one of the reasons that performance enhancement is one of the services we list.”

MorrisAnderson is looking to expand its services, Korenthal said, by acquiring a valuation group and perhaps some another type of business service provider.

“We have some valuation experience and we’d like to be able to do that,” he said. “In the M&A area that would lend itself nicely with some of the things we do. We’re looking to acquire firms in that area.”


MorrisAnderson & Associates Ltd.

Address: 250 E. Wisconsin Ave., Suite 1800
Web site: www.morris.anderson.com
Phone: (414) 289-7152

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display