Mackinac Partners, a Bloomfield Hills-based financial advisory, turnaround management, and restructuring, firm has expanded its practice with the addition of a new Northeast office in Boston.
As part of the expansion, the firm has announced the hiring of senior restructuring executive Matthew Pascucci, of Boston, in the new office at the managing director level. Mackinac Partners also plans to hire 10 employees.
“Matt brings considerable experience to Mackinac Partners in stabilizing distressed businesses and leading turnaround efforts, which drive value for stakeholders,” says Keith Maib, senior managing director of Mackinac Partners. “Matt’s broad range of experience in serving creditors, debtors, and lenders, further bolsters our commitment to the continued growth of our restructuring advisory practice.”
Pascucci joins Michael Nowlan, senior managing director, and Craig Boucher, managing director, in the new location. He was previously the managing director in Deloitte’s Corporate Restructuring Group. He also worked as a chief restructuring officer and in restructuring advisory roles for companies across a variety of industries.
Mackinac Partner also announced the addition of Matthew Lapish and Chris Byrne as directors in Boston. Lapish is the former managing director for Chapel Street Capital, and Bryne most recently worked as a strategy and corporate development analyst for manufacturer L-Com Global Connectivity.
The opening of the Boston office is part of the firm’s larger expansion plans. Stephen Weissenborn, chief information officer of Mackinac Partners, says the company plans to close on a lease soon in Chicago and is looking to open a New York location next year.
Along with its Bloomfield Hills headquarters, Mackinac Partners has offices in Dallas, Santa Monica, and now, Boston.
The firm aims to help clients improve capital structures and financial performance, improve operations, achieve new growth, and increase stakeholder value. It offers a variety of services, such as turnaround management and financial restructuring, CRO and interim management, strategic and operational services, business intelligence, corporate security, cyber security, and more.