Morgan Hill Partners, a company that works with financial sponsors and tech-enabled growth-stage companies, has expanded to Chicago.
The St. Petersburg-based company announced the move on Tuesday, along with the hire of Noel Burkman to establish the office.
“The startup scene and the whole tech scene that’s going on there, with the opportunity to bring Noel on board with his experience, is opportunistic and that’s essentially what we jumped on,” said Nick Tarsi, an associate partner at Morgan Hill Partners. “It won’t mirror 1:1, but we’re planning to scale in Chicago like we are in Tampa Bay.”
Burkman has long been a fixture in the Chicago scene, serving as vice president for a slew of digital-focused startups and growth-stage companies.
“Chicago’s always had practicality to it when it comes to business,” Burkman said in a statement. “MHP brings that practicality in the form of experience, empowering founders to focus on [readying products to launch]. A win-win for founders and their financial sponsors.”
It’s Burkman’s digitization focus that Morgan Hill officials want to continue, both in the Windy City and beyond.
“That is definitely something we want to get out there,” Tarsi said. “We primarily work with tech companies, but also help companies that might not be traditional tech companies but that want to become more tech-enabled.”
While Tarsi could not say which cities, he did say Morgan Hill is looking at a few other potential expansion locations and all would be domestic.
The latest announcement comes at a time of growth for Morgan Hill Partners: in July, the company acquired a management consulting group and in November it hired four new partners and one associate partner to its team.