BIRMINGHAM, Mich., Oct. 12, 2021 /PRNewswire-PRWeb/ -- Mid-States Advisors, Inc., added to its already-deep bench today, announcing that James J. "Jim" Connor has joined the firm and will serve as a Managing Director.
Connor is a seasoned, senior executive who has excelled in leadership and C-level positions in both corporate and advisory roles spanning a career of more than 40 years. This includes a consulting background of more than 22 years and having served as CEO or President of industrial companies for a combined 14 years. Additionally, he served as controller of a Fortune 500 company for 5 years.
Connor will provide and oversee a range of executive-level strategic, financial, and operational services for Mid-States' clients including CFO services, M&A support, business valuations, and debt restructuring.
"Jim's successful experience in C-level roles in both corporate and advisory positions adds valuable perspective and is a perfect match for us," said Joseph P. Alam lll, Managing Director, Mid-States Advisors, Inc. "His addition represents a strategic move that strengthens every practice area of our firm, especially our M&A, financial and strategic support capabilities."
Connor joins Mid-States after serving as President and CEO of Shamrock Advisory LLC, a business consulting firm he founded in 2016.
Prior to that he served as President and CEO of Tecumseh Products Company, where he oversaw 7,400 employees at 17 manufacturing, sales and engineering operations in North America, South America, Europe, Malaysia, India, and China. Under Connor's leadership the company improved operating income, increased gross margin, reduced selling and administrative costs by $10 million and developed then successfully implemented a 5-year product road map strategy that significantly boosted enterprise value.
Earlier experience included serving as a Managing Director of BBK, a turnaround advisory firm in the automotive and industrial markets where Connor advised large- and medium-sized organizations in various industries during restructurings, liquidations, turn-around situations, bankruptcies and M&A activities in the US and abroad. Additionally, he performed due diligence services on transactions and worked with numerous private equity groups including Wilbur Ross & Co., Sun Capital, Red Diamond Capital and Stairway Capital, among others.
Prior to that Connor was Vice President, Controller at JP Industries Inc., a Fortune 500 company where he assisted in the marketing and successful execution of the company's sale to a publicly held UK company. Connor subsequently was appointed President of its US holding company and within two years took the company from negative EBITDA to one of the top ten performance leaders of the parent company worldwide.
Before that Connor served as President and CEO of Newcor Inc., and Vice President and CFO of Rockwell Medical Technologies. Connor started his career at PriceWaterhouse Coopers, Detroit office, where he attained his CPA certification.
Mr. Alam continued, "We provide liquidity. We develop and implement results-driven action plans that provide clients present-day solutions and expand viable long-term options. What sets us apart is the high level of experience, expertise and track record we bring to clients and Jim brings tremendous talent at a time when we see strong post-pandemic growth opportunities for middle-market clients."
About Mid-States Advisory
Mid-States Advisors, Inc. is a middle market financial advisory firm that has served the middle market since 1995 with a range of strategic and operational services including business advising and consulting, financial modeling, and analysis. Mid-States Advisors provides extensive transaction experience and excels at delivering a range of liquidity solutions from senior debt to alternative financing sources. The company also manages sell- or buy-side M&A transactions and provides interim CFO services for short term needs. For more information visit: http://www.midstatescapital.com.
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SOURCE Mid-States Advisors
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