New York, NY – July 17, 2018 – ICR, a leading strategic communications and advisory firm serving approximately 600 private and public company clients, announced that it has established an Executive Advisory & Corporate Transformation practice through an exclusive partnership with Elm Street Advisors. This practice will work with Boards, CEOs, CFOs, and their teams as they navigate complex situations to accelerate value-creating strategies.
The practice will be led by James Scully, head of Elm Street Advisors and former J.Crew and Avon CFO and COO. As it delivers comprehensive and integrated solutions across all areas of organizations, Elm Street will leverage ICR’s world-class communication teams and capital markets advisory platform (ICR Capital) as well as its unique network of experienced operational leaders, financial professionals, and service providers.
Tom Ryan, CEO of ICR, stated, “We are excited to add additional integrated services into our overall advisory offering. Jim and his team have dealt firsthand with many of the issues and opportunities that Boards and C-Suite executives face on a regular basis, and they will combine this experience with our industry teams, which possess deep understanding of the history and latest trends in their respective sectors. This service will be valuable to our private and public company clients as well as those that are preparing for an initial public offering or other capital markets events. With this service, we are further strengthening the value of our capital markets advisory.”
James Scully added, “Boards and management teams are under more pressure than ever to deliver growth combined with financial and operational excellence and to communicate their progress and success effectively. I have known and respected the ICR team for many years and believe our partnership will leverage the best of our respective capabilities to add significant value to companies at critical stages in their life cycle, be they private, newly public or well-established.”
James Scully founded Elm Street Advisors in 2018 to partner exclusively with ICR and head its Executive Advisory & Corporate Transformation practice. Prior to Elm Street, Jim spent 25 years in the retail and consumer products industries, including roles as Global COO and CFO at Avon Products, COO and CFO at J. Crew, and various executive positions at Saks Incorporated. Jim currently sits on the board of J.Jill.
Established in 1998, ICR partners with companies to optimize transactions through ICR Capital and executes strategic communications programs that achieve business goals, build credibility and enhance long-term enterprise value. The firm’s highly differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to approximately 600 clients in 20 industries. Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America maintaining offices in New York, Norwalk, Boston, San Francisco, and Beijing.
About ICR Capital
ICR Capital, member FINRA/SIPC, a registered broker-dealer affiliate of ICR, provides transaction advisory services related to IPO execution as well as follow-on and convertible notes offerings. The firm provides independent advice on all aspects of the offering process to help clients make better informed decisions. ICR Capital’s advisory expertise in combination with ICR’s industry leading communications capabilities seeks to ensure that clients achieve their transaction objectives, while establishing a foundation to maximize long-term equity value.