MorrisAnderson, a Chicago-based turnaround advisory, has promoted Kenneth Yager from managing director to principal and and equity owner. He joined the firm in August 2005.
MorrisAnderson is pleased to announce that Kenneth R. Yager, II has been promoted from Managing Director to Principal and equity owner effective January 1, 2009.
Yager joined MorrisAnderson in August 2005, bringing with him nearly two decades of experience in general management, capital-raising and profit-and-loss responsibility for companies in growth, leveraged-buyout and turnaround situations. At MorrisAnderson, he has acted as interim senior manager for numerous companies in a wide variety of industries. He has developed a strong practice in helping companies in the growing service industries space as well as MorrisAnderson’s more traditional manufacturing and distribution industries.
“Ken has been very instrumental in expanding our non-traditional services, primarily through private equity firms, hedge funds and investors,” states Dan Dooley, principal and COO of MorrisAnderson. “Ken’s specialized consulting abilities and knowledge make him a valuable resource not only to MorrisAnderson but to the entire business community. He is continually sought out by the leading organizations and publications within our business sector for his expertise on current issues in our industry.” Adds Dooley, “Ken has established a strong base of referral sources and a solid book of business, bringing in over $1.5 million in revenue this year. Aside from his excellent consulting, marketing and leadership abilities, Ken exemplifies the values that we at MorrisAnderson are looking for as we continue to invest in the future of our company. The other principals and I are very happy to have Ken join us as an equity owner of the firm.”
Before he joined MorrisAnderson, Yager was head of Newpoint Ventures, which revitalized mid-market companies. He also has been vice president, equity sponsor business development at Bank of America, senior associate at Coopers & Lybrand, and financial analyst in the Capital Markets Division of Salomon Brothers. Yager holds a bachelor’s degree in management, with majors in finance and accounting, from Tulane University, and a master’s degree in management from J.L. Kellogg School of Management at Northwestern University.
A former president of the Kellogg Alumni Club, Yager is a member of the Chicago/Midwest chapter of the Turnaround Management Association and of the Association for Corporate Growth. He is based in MorrisAnderson’s Chicago office.
More about MorrisAnderson:
Now celebrating its 28th anniversary, Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland and St. Louis. The firm’s service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, 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 $200 million in annual sales.