CHICAGO–(BUSINESS WIRE)–Mar 13, 2025–
When a nationwide turnaround firm turns up the heat — with over 50% growth in the last year alone — a move to a bustling headquarters in a world-class city can’t be far behind. With its success in helping businesses work through financial trials, Novo Advisors is proud to announce the opening of its new HQ in the heart of downtown Chicago.
For Novo, the expansion highlights its growing team of experts immersed in its work to stabilize troubled businesses. It also signals the arrival of a boutique firm as a nationwide financial services powerhouse. “Our growth reflects the talent of our team and a mission to hire exceptional professionals in key cities to better service those markets,” said Managing Partner and Founder Sandeep Gupta, a 30-year industry veteran. Novo has expanded its Chicago team and established its presence in New York, Philadelphia, Nashville, Minneapolis, and Dallas.
Novo’s new address, 200 W. Madison St., is steps from the city’s iconic State-and-Madison crossroads in the heart of Chicago’s financial district. The story began in 2012 from Gupta’s dining room table. There, the University of Chicago Booth MBA and former nuclear power engineer worked out his vision to build a company that would deliver results by assembling an all-star lineup.
“The high caliber of our team and the incredible support we’ve received throughout our journey drives everything,” said Gupta. “I want to thank our clients and the Novo leadership — Rian Branning, Nick Mungor, Michael Ragano, Jacob Grall, Claudia Springer, Kevin Neuman, Matt Cohn, and Rob Vanderbeek — for being instrumental in driving our growth and success.”
About Novo Advisors
Novo Advisors specializes in business turnaround and performance improvement focusing on the middle market ($50 million – $1 billion in revenue annually). As businesses hit critical inflection points, Novo provides expertise and a fresh perspective to navigate these challenges. Through immersion, listening, and analysis, the team works to understand a business and tailor solutions to drive sustainable change. The Novo team, drawn from top-tier firms, combines extensive experience in financial planning, data analytics, and operational roles.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250313048623/en/
CONTACT: Anupy Singla
Senior Marketing Director, Novo Advisors
[email protected]
312-961-2565
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: FINANCE DATA ANALYTICS CONSULTING BUSINESS PROFESSIONAL SERVICES
SOURCE: Novo Advisors
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PUB: 03/13/2025 06:00 AM/DISC: 03/13/2025 06:00 AM
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