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Biography

Steve Morrissette's career includes large corporate experience in mergers & acquisitions, commercial banking, as well as entrepreneurial projects as an investor and founding CEO of several start-up businesses. In addition to 30 years of practitioner expertise, his academic career includes 15 years of full-time teaching and extensive scholarship on entrepreneurial finance including a comprehensive study of angel investors published in the Journal of Private Equity, many articles on the banking industry, and many presentations and journal articles.

His expertise includes: Strategic Planning, M&A, and Capital Planning. He works with publicly-held firms, privately-owned firms with a special emphasis on planning for large family-owned businesses.

Recent consulting projects include developing a strategic plan including M&A Plan ($700 mil firm in SE USA), developing ownership exit strategies/succession plans for 4 family/founder held business ranging in size from $10 to $50 million in EBITDA, strategic plan for an $75 million international internet based business, and an international strategic plan ($2 bil firm based in Saudi Arabia).

Formerly he was the founding CEO of First Community Financial Partners, a 4 bank holding company which grew to $1.2 billion in assets in 10 years which he took public and later sold. At First Community, he led 5 stock offerings raising over $100 million in equity.

He has made 11 angel investments, 4 search fund investments and has advised numerous start-up firms including mentoring Booth New Venture Challenge teams.

He serves on several corporate and non-profit boards.

His academic credentials include an MBA with honors in Finance and Strategy from the University of Chicago and a PhD in Entrepreneurial Finance from Union University. In addition to Booth, he is a Professor at the University of St. Francis in Joliet, IL and has guest lectured at the Northwestern Kellogg School of Management. His current research includes decision models for mergers and acquisitions including "A Framework for Validating and MA Deal Thesis" published in the Journal of Accountancy and Finance. He also recently published "An Investor's Guide to Search Funds" in the Journal of Private Equity; the article was co-authored with a Booth student.

Research Interests

Decision models used by firms to develop merger and acquisition strategies; new venture funding with a focus on angel investors and family office investors; small business funding with a focus on bank lending including impact of industry structure and regulation on small business lending; new venture formation/creation.

Academic Areas

  • Strategy and Leadership

Selected Publications

2021 - 2022 Course Schedule

Number Course Title Quarter
42121 Merger & Acquisition Strategy 2021 (Autumn)
42121 Merger & Acquisition Strategy 2022 (Winter)

2020 - 2021 Executive Education Schedule

  Program Title  
  Mergers and Acquisitions Learn More