MorrisAnderson
MorrisAnderson is a Chicago-based turnaround and restructuring consulting firm founded in 1980, providing bankruptcy, transaction, and dispute advisory services to distressed companies, lenders, creditors, boards, and legal counsel. Acquired by J.S. Held in 2025.
- Company typePrivate
- Founded1980
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MorrisAnderson does
MorrisAnderson was a Chicago-based turnaround and restructuring consulting firm founded in 1980. The firm provided professional advisory services spanning turnaround and restructuring, bankruptcy advisory (including Chapter 11 proceedings), transaction advisory, dispute advisory, and broader financial and operational consulting. Its core "technology" was senior human expertise rather than software; the practice delivered its services through engagement letters and project-based contracts negotiated per mandate, with pricing not publicly disclosed. The client base was exclusively enterprise, segmented into distressed companies (primary use case), lenders/creditors/boards of directors/legal counsel, and investors and acquirers. Go-to-market relied on senior advisors, referral networks anchored by legal counsel and financial advisors, industry recognition, and conference presence.
At the time of acquisition in July 2025, MorrisAnderson had 18 employees and was led by Dan F. Dooley (Senior Managing Director, CTP) and Mark J. Welch (Managing Director). The firm generated revenue through professional services fees on turnaround, restructuring, bankruptcy, transaction, and dispute engagements; revenue figures were not publicly disclosed. MorrisAnderson operated as a senior-led boutique with concentrated expertise in distressed and special situations advisory.
In July 2025, MorrisAnderson was acquired by J.S. Held LLC, a Jericho, NY-based technical and forensic advisory firm. The acquisition followed J.S. Held's purchases of Phoenix Management Services (2023) and Stapleton Group (2024), forming a roll-up strategy in restructuring advisory. Post-acquisition, MorrisAnderson operates within J.S. Held's Strategic Advisory Group, a combined platform of 80+ professionals delivering turnaround and restructuring, bankruptcy, fiduciary services, operational performance improvement, transactions, and disputes services to debtors, lenders, creditors, legal counsel, investors, and boards.
MorrisAnderson firmographics
Firmographics- Name
- MorrisAnderson
- Legal name
- MorrisAnderson
- Website
- https://morrisanderson.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- MorrisAnderson is a Chicago-based turnaround and restructuring consulting firm founded in 1980, providing bankruptcy, transaction, and dispute advisory services to distressed companies, lenders, creditors, boards, and legal counsel. Acquired by J.S. Held in 2025.
- Ownership category
- akta.pro rank
MorrisAnderson industry classification
Industry- Product category
- Management Consulting
- NAICS
- Administrative Management and General Management Consulting Services (541611), Management Consulting Services (54161)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Turnaround, Restructuring & Crisis Management Consulting (BPAHACAO)
- akta.pro secondary industries
- Cost Reduction & Working Capital Optimization (BPAHAHAL), Financial Management & Performance Improvement Consulting (BPAHACAF), Risk, Compliance & Internal Controls Consulting (BPAHACAJ)
Keywords
Where MorrisAnderson is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MorrisAnderson business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Consulting Services Revenue: Professional consulting fees generated from providing turnaround and restructuring advisory services, bankruptcy consulting, transaction advisory, and dispute advisory services to corporate clients and stakeholders.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
MorrisAnderson product offering
Product offeringCore offering
MorrisAnderson is a Chicago-based professional consulting firm providing turnaround and restructuring, bankruptcy, transaction, and dispute advisory services to corporate clients, boards, lenders, creditors, legal counsel, and investors. The firm helps companies in financial distress reorganize operations, restructure debt, navigate Chapter 11 proceedings, and realize sustainable business value through project-based advisory engagements.
Product overview
MorrisAnderson is a consulting firm (not a software platform) that provides professional advisory services. The firm's core offerings include turnaround and restructuring consulting, bankruptcy advisory, transaction advisory, and dispute advisory services. Following its acquisition by J.S. Held in 2025, MorrisAnderson operates as part of the J.S. Held Strategic Advisory Group, which has grown to more than 80 professionals providing services in turnaround & restructuring, bankruptcy, fiduciary services, operational performance improvement, transactions, and disputes to debtors, lenders, creditors, legal counsel, investors, and boards of directors.
Differentiator
Problem solved
Functional benefit
Products and services
- Turnaround and Restructuring Services
Companies that use MorrisAnderson
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
MorrisAnderson technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MorrisAnderson partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
MorrisAnderson competitors and assessment
Company assessmentDirect peers
- Alvarez & Marsal: Global leader in turnaround, restructuring, and interim management services. Most direct large-scale competitor to MorrisAnderson's core turnaround and restructuring practice, serving the same distressed-company, lender, and creditor client base.
- FTI Consulting: Major global advisory firm with a large Corporate Finance & Restructuring segment providing turnaround, bankruptcy, transaction, and dispute advisory services — direct overlap with MorrisAnderson's service portfolio and enterprise client profile.
- Huron Consulting Group: Public consulting firm with a Business Advisory segment focused on financial restructuring, operational improvement, and turnaround consulting — closely mirrors MorrisAnderson's services to distressed and high-stakes enterprise clients.
- Ankura Consulting: Advisory firm with a dedicated Restructuring practice offering turnaround, bankruptcy, creditor advisory, and dispute services — direct overlap in service lines, client types (debtors, lenders, creditors), and engagement style.
- Riveron Consulting: National advisory firm with turnaround, restructuring, and transaction advisory services (bolstered by its acquisition of Conway MacKenzie). Directly competitive with MorrisAnderson in middle-market distressed and restructuring engagements.
- Conway MacKenzie: Mid-market restructuring and turnaround advisory firm (acquired by Riveron in 2023). A closely comparable small/mid-sized restructuring boutique competing for similar distressed and lender advisory work.
Broad incumbents
- BDO USA (BDO Consulting): Large global accounting/consulting network with an Advisory practice that includes restructuring and turnaround services. Broader incumbent offering restructuring as one capability among many, comparable to the integrated J.S. Held platform MorrisAnderson now sits within.
- Kroll: Global advisory firm offering restructuring, turnaround, valuation, and dispute services alongside broader financial investigations and risk offerings — overlaps MorrisAnderson's turnaround and dispute advisory practices as part of a wider portfolio.
- Teneo: Global advisory firm with a dedicated Restructuring practice providing turnaround, creditor advisory, and interim management services — competing for the same distressed and lender-side mandates MorrisAnderson serves.
Emerging players
- GlassRatner Advisory (now anchored in Redpath): Restructuring and turnaround advisory boutique with overlapping services in turnaround, bankruptcy, and dispute advisory. Comparable in size and service depth to MorrisAnderson prior to the J.S. Held acquisition.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
MorrisAnderson social profiles
Digital presenceMorrisAnderson financial estimates
Financial estimateRevenue estimate
Valuation estimate
MorrisAnderson leadership team
Management profileNumber of profiles
Profiles2 records
MorrisAnderson funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MorrisAnderson M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MorrisAnderson
What does MorrisAnderson do?
MorrisAnderson is a Chicago-based professional consulting firm providing turnaround and restructuring, bankruptcy, transaction, and dispute advisory services to corporate clients, boards, lenders, creditors, legal counsel, and investors. The firm helps companies in financial distress reorganize operations, restructure debt, navigate Chapter 11 proceedings, and realize sustainable business value through project-based advisory engagements.
Is MorrisAnderson a public or private company?
MorrisAnderson is a private company. It is classified as corporate owned and is currently acquired.
When was MorrisAnderson founded?
MorrisAnderson was founded in 1980. It employs 11 to 50 people.
Where is MorrisAnderson based?
MorrisAnderson is headquartered in Chicago, United States, in the North America region.
How does MorrisAnderson make money?
One revenue line is on record: consulting Services Revenue.
Who are MorrisAnderson's main competitors?
Direct peers on record are Alvarez & Marsal, FTI Consulting, Huron Consulting Group, Ankura Consulting, Riveron Consulting and Conway MacKenzie. Broad incumbents are BDO USA (BDO Consulting), Kroll and Teneo. GlassRatner Advisory (now anchored in Redpath) is listed as an emerging player.
Does MorrisAnderson have an API?
No public API is recorded for MorrisAnderson.
What industry is MorrisAnderson in?
MorrisAnderson's product category is Management Consulting. Its primary akta.pro industry code is BPAHACAO, Turnaround, Restructuring & Crisis Management Consulting, with a secondary code of BPAHAHAL, Cost Reduction & Working Capital Optimization. Its NAICS code is 541611 and its SIC code is 8742.