Partner
Micheal Silverman
Since founding Silverman Consulting in 1978, Michael Silverman has earned wide recognition as an expert financial analyst, business strategist, management consultant, creditor relations counselor, corporate administrator and negotiator. Mike’s unique financial consulting practice has contributed to the emergence of the "turnaround consultant" as an important resource for the business and financial community.
Mike is the Founding Partner at Silverman Consulting and is an active participant in many of the firm’s turnaround consulting assignments, especially when special strategic planning and financial negotiations are involved. Mike’s turnaround experience covers virtually every major manufacturing and service sector.
Mike currently serves on several corporate boards and executive committees. He has appeared on CLTV’s “Your Money” program to discuss how small business is coping with the current economic climate, was a guest speaker at Michael Best & Friedrich’s seminar, “Bargain Hunting: Opportunities in an Uncertain Real Estate Market,” and he was invited by the Turnaround Management Association to participate in a panel discussion at their seminar, “How Rainmakers Make It Pour.” He has also been a guest speaker at JPMorgan Chase Bank, BMO Harris Bank, Fifth Third Bank, and Bank of America on several occasions, covering topics such as “Solving Management Problems at Troubled Companies,” “Relationship Management in Good Times and Bad,” “How to Identify and Turn Around a Troubled Company,” and “Maximizing Value in Distressed Situations.” He has also provided pro bono services to the American Liver Foundation; Casa Central, a social services network for the Hispanic community; Jane Addams Hull House; Lutheran Social Services of Illinois; and a number of other not-for-profit organizations.
Prior to forming his consulting firm, Mike was a principal of Abbott Capital Corporation, a Chicago-based venture capital investment firm. Earlier, he served as a supply officer on a destroyer during the Vietnam War. Mike received his Bachelor of Arts degree from Washington University at St. Louis and a Master’s in Business Administration from the University of Southern California.
Mike and his wife, Nancy, have created a family foundation that is dedicated to supporting young people in underserved communities. The primary focus has been on alternative education and job training in order to prepare young people for a career. For the past several years, Mike has served as a Director on the Chicago Blackhawks Foundation Advisory Board. Most recently, Mike has served as a mentor for a number of minority-owned businesses that operate on the West and Southwest Sides of Chicago.
Mike and Nancy have two children and two grandchildren and have lived in Northfield, Illinois for over 35 years.
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