Contact Information: For more information, contact: Marjorie Dunn Manager, Marketing & Communications MorrisAnderson Chicago Office 312-254-0892 Kevin Flanagan Managing Director MorrisAnderson Milwaukee Office 414-289-7152
Kevin Flanagan Joins MorrisAnderson as Managing Director of the Firm's Milwaukee Office
| Source: MorrisAnderson
CHICAGO, IL--(Marketwire - January 12, 2010) - MorrisAnderson has appointed
Kevin M. Flanagan as Managing Director of its Milwaukee office. Flanagan
will be responsible for managing client engagements as well as for business
development in Wisconsin. He has very deep industry experience in consumer
products distribution, computer software and high tech manufacturing.
Flanagan has been actively working with middle market turnaround and crisis
management businesses for the last ten years.
"Kevin brings a wealth of results-oriented experience as a senior executive
and workout consultant to the team at MorrisAnderson. He is highly regarded
in the Wisconsin market and has excellent international experience that
will be very valuable for our clients," says Howard Korenthal, Principal at
MorrisAnderson.
Flanagan has helped numerous companies in a wide variety of industries
significantly improve profitability and shareholder value. Flanagan's more
than 30 years of professional experience boasts a diverse executive
management background, including experience in setting and achieving
strategic objectives; recruiting and leading effective management teams;
overseeing operational and financial turnarounds; managing international
operations and acquisitions; and establishing new marketing directions,
client relations and more.
Throughout his career, Flanagan has enacted strategic and operational
changes in publicly traded and closely held corporations, as well as
structured and entrepreneurial environments. His industry experience
includes involvement in manufacturing, printing, software, electronic
instrumentation, telecommunications, automotive, biotechnology, service
industries and consumer packaged goods scenarios.
"I am delighted and excited to join the MorrisAnderson
team," says Flanagan. "The firm's proven commitment to providing
clients with high-quality services and solutions, coupled with their
national footprint, is very appealing."
Before joining MorrisAnderson, Flanagan was a partner at a Chicago-based
management consulting firm that focuses on underperforming and financially
distressed organizations. As head of the company's Milwaukee office, he was
responsible for all business development and marketing activities, and took
the lead on consulting projects for clients in a wide array of industries
with varied ownership structures and revenue sizes. In two notably complex
consulting projects, Flanagan facilitated the evaluation of available
strategic options for a long-standing, family owned retail bookstore that
resulted in its sale and was involved in the crisis management of a large
distressed convenience store operation.
Flanagan also led the transformation of a distressed software company from
an inadequately capitalized, customer-owned organization that was
approaching bankruptcy to a growth asset acquired by a private equity firm.
In another situation, he transitioned a distributor of consumer products
that was experiencing declining financial performance into a profitable
entity that was successfully sold to a strategic acquirer.
Flanagan also identified and evaluated nearly 60 manufacturing and
professional services companies, ultimately submitting three purchase
offers, through his company, Flanagan Acquisition Company.
Flanagan holds a bachelor's degree in business administration with a
comprehensive public accounting emphasis from the University of
Wisconsin-Eau Claire.
About MorrisAnderson:
Now celebrating its 30th anniversary, Chicago-based MorrisAnderson has
offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, St. Louis
and most recently, Charlotte, N.C. The firm's service offerings include
performance improvement, financial advisory, interim management,
turnarounds, workouts, litigation support, valuation, information
technology services, and insolvency services and wind-downs. MorrisAnderson
emphasizes hands-on involvement for companies with $20 million to $250
million in annual sales.