Testimonials

“It was great working with Dan Dooley and the team at MorrisAnderson. Their dedication to the task and thorough understanding of the issues greatly assisted in reaching an outstanding result for all constituencies.”

- Scott A. Wolfson, Wolfson Bolton PLLC

“We, at Plainview Milk Products Cooperative, would like to express our appreciation for your efforts over the past months in connection with our product recall and subsequent claimant settlement negotiations. We are deeply appreciative of your dedication to what we realize was a daunting task. Your tenacity, perspective, and professionalism were a great asset and contributed much toward our ability to negotiate a settlement that is the best solution available for all parties. Your ability to enlist participation in this project and gather, produce and coordinate information made a big difference. Claimants were able to review objective information and were able to make decisions based on the data you disseminated. Their ability to do so kept the settlement process alive and viable - we much appreciate your expertise and efforts in making this possible. Thank you again for your valuable time, skill, and dedication to this case.”

- Ernie Norton, President, Board of Directors

“I have never before used a bankruptcy/financial analyst to help promote a settlement of a “bet the company” type case. Having now seen how critical their help can be in such a situation, I expect to recommend similar strategies in the future. Having seen how well MorrisAnderson performs this role, I expect them to be at the top of my list of future recommendations.”

- Julian C. Campbell, Julian Campbell Law Offices

“MorrisAnderson advocated for open, transparent information-sharing and kept us on the right path. They reminded us that building trust between stakeholder groups is critical to a successful outcome – which we achieved, together. I trust their judgment and would recommend their services to others.”

- Stanford P. Hill, Bassford Remele

“Understanding that we’re a company in a rural area, for us to save 250 jobs was extremely critical. Mike [Musso] and Steve [Agran] became part of the team straightaway. If things hadn’t gone exactly correct, we wouldn’t be here. There’s not a person here who’s not indebted to the teamwork they had with us. As a team is the way this thing worked – because of the team.”

- Frankie Pourron, Cosmolab

“Both Dan and Lance of MorrisAnderson were incredibly responsive and leveraged deep knowledge about how to rehabilitate a company in the auto industry. I’m happy to refer them to my colleagues and would use them again in a similar case.”

- Joseph Grekin, Schafer and Weiner

“MorrisAnderson, and specifically, Alpesh Amin, was very instrumental in guiding us through a twelve month turnaround during extremely volatile economic conditions. Here are some of the successes MorrisAnderson helped us accomplish:

Right-sizing both companies – reducing headcount and increasing productivity, creating sales and expense budgets and long term forecasts, assessing locations and markets and monetizing non-core assets.

Refinancing our existing revolving credit line – from our then lender who had filed Chapter 11 to a new bank group in the Southeast, who later commented, “Do you know that no one else is getting refinanced during this period?”

Initiatives – Operational and financial targets going forward for the management team to focus on each month.

I would highly recommend MorrisAnderson. We found their team to be very effective in dealing with all areas of our operations. They were easy to work with and persistent in order to accomplish set goals.

I can genuinely say that without their help, our company might not be here today.”

- Doyle M. Wallace, President & CEO, Wallace Hardware Co.

“The Trustees of the Foundation would like to convey their deep gratitude for the quality of the contribution you made to The Work Plan for Wartburg Seminary and the considerations you gave us professionally and financially. The Board of Directors also expressed their admiration for the quality of the product delivered. You have served us well and we are grateful. Wartburg would be confident in calling for your help at a future occasion or in commending the quality of what you were able to do for us in such an efficient, disciplined way.”

- David Tiede, Interim President, Wartburg Theological Seminary

“The Board really appreciated the way you and MA handled this assignment, the work you put in and the results obtained. You produced buyers and provided the Board with the analytical tools to evaluate the candidates. MA should be pleased.”

- Robert Labate, Partner, Holland & Knight

“In January 2008, Regency Homes and it’s 200 plus entities were in need of an interim CFO until a full-time replacement could be recruited. We needed experience in real estate, debt refinancing, budgeting and forecasting. MorrisAnderson accomplished the following:

• Provided leadership to the financial function of the company.
• Aided management in determining alternative courses of action in a financially stressed environment.
• Created a combined three year historic and two year projected financial statement and cash flow of all 200 plus entities in four weeks.
• Provided independent analysis to the banks.
• Negotiated a number of refinancing and sales of properties.
• Successfully recruited a permanent CFO in seven weeks and successfully transitioned the candidate in three weeks.

I would highly recommend MorrisAnderson. Their team of motivated professionals delivered a timely product under immense pressure. We greatly appreciate the value they provided to our organization.”

- Jamie Myers, President and CEO, Regency Homes

“I wanted to thank you for all the hard work and counsel you have provided to us. Your contributions have been extremely constructive and valuable to the future of Encore.”

- Gregory J. Mazares, President and CEO, Encore Legal Solutions

“Although the last few months have been stressful, I for one, have benefited from and appreciated your firm’s services.” 

- Steve Brewer, Southline Steel Industries

“During 2008 and 2009, MorrisAnderson (“MA”) was engaged to provide financial turnaround assistance to Specialty Packaging Holdings, Inc. (“SPH”) at the suggestion of Bank of America. Mr. Michael Musso assumed the role of Chief Restructuring Officer in early 2009.

Mr. Musso quickly assessed the financial condition of SPH and implemented plans to cut costs to ensure the viability of the main plant in Lewisburg, TN. Upon realizing that filing for Chapter 11 bankruptcy was the best option to save the plant and its 300 jobs, Mr. Musso and others at MA coordinated all the necessary filings and guided the SPH board of directors through the complicated bankruptcy process with timely and effective communication. As a result, the Lewisburg plant, with its employees, is a viable operation under new ownership.

Mr. Musso and MorrisAnderson took a situation that could have been very messy and costly and turned it into a thoughtful, measured process that did not result in any further out of pocket costs to Oryx, the majority shareholder. I would highly recommend Mr. Musso and MA to any company that finds itself in similar financial distress.”

- Loay Nazer, Director and Chief Executive Officer, Oryx Capital International, Ltd.

“We interviewed five prominent consultants in the Chicago market and chose MorrisAnderson based on their experience helping other distribution companies of our size and the high level of confidence our bank had in their ability to deliver quality results.

Principal Dan Dooley and On-site Consulting Manager Dave Bagley were action oriented, focused on the details of our business and helped mediate many difficult discussions and decisions. Initially, they were very involved in planning and implementation but eventually took more of an oversight role. This helped us both embrace the plan as well as manage our costs. Dan and Dave had the personalities to work effectively with entrepreneurs and the family owned business. They were able to establish a trusting relationship with us quickly, which helped us respect their recommendations and ultimately achieve our goals.

Looking back, we could not have made a better choice. MorrisAnderson’s value is evident in our winning the 2008 Turnaround Management Association (TMA) Chicago/Midwest Chapter’s Medium Turnaround of the Year award. We would highly recommend the company and particularly Dan and Dave to anyone seeking assistance with their business.”

- CEO Dan Loughman and COO Pat Pipp, Roman, Inc.

“Through their superior strategic solutions, strong leadership capabilities and determination, Michael [Musso] and Steven [Agran] were able to successfully stabilize and rehabilitate Cosmolab Inc. which resulted in a very positive outcome for all stakeholders.”

- Daniel Picmann, Portfolio Officer, Bank of America, N.A.

Industry Experience

"I would highly recommend Mr. Musso and MA to any company that finds itself in similar financial distress."

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