Private company
Logo: Alix Partners, CC BY-SA 4.0, via Wikimedia Commons3
American consulting firm
AlixPartners is a financial advisory and global consulting firm. Jay Alix founded what became AlixPartners LLP in 1981. The firm has advised on some of the largest Chapter 11 reorganizations including General Motors Co., Kmart, and Enron Corp. The firm has since moved into a more traditional consulting space, and grown to a staff of over 1000.2 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
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AlixPartners is a financial advisory and global consulting firm. Jay Alix founded what became AlixPartners LLP in 1981. The firm has advised on some of the largest Chapter 11 reorganizations including General Motors Co., Kmart, and Enron Corp. The firm has since moved into a more traditional consulting space, and grown to a staff of over 1000. AlixPartners is headquartered in New York, and has offices in more than 20 cities around the world. They were also involved in the Bernie Madoff scandal, identifying 13,000 investors affected by the scandal for the prosecuting team.2
AlixPartners was founded in 1981 as Jay Alix & Associates PC in Southfield, Michigan, by Jay Alix, a Detroit-area Certified Public Accountant (CPA). According to BusinessWeek, the "firm pioneered consulting to companies in or near bankruptcy". It first found public recognition in 1984, when working with the bankrupt automotive company DeLorean Motor Co, finding an additional $100 million for the company's creditors.
From Wikipedia’s article on AlixPartners, shared under CC BY-SA 4.0.4
AlixPartners' work includes enterprise improvement consulting, financial advisory services, information management services, and executing turnarounds of distressed and healthy companies. AlixPartners has been involved in several high-profile turnaround and bankruptcy assignments including GM's Saab division, Kodak, Barney's New York, and JC Penney.
In 2006, private equity firm Hellman & Friedman invested in AlixPartners. In 2012, CVC Capital Partners acquired AlixPartners from Hellman & Friedman.
In December 2014 the firm purchased Evidence Exchange, a litigation support company.
In February 2015, AlixPartners purchased Zolfo Cooper's UK & European operations for $100 million. In November 2018, the firm completed the acquisition of independent financial advisory and interim management firm Zolfo Cooper, thereby increasing the turnaround and restructuring group to nearly 350 employees worldwide.
In January 2016, AlixPartners UK managing director and former Zolfo Cooper Europe CEO Simon Freakley succeeded Fred Crawford as the company's CEO. That year, CVC Capital Partners agreed to sell its stake in AlixPartners to company founder Jay Alix as well as Caisse de dépôt et placement du Québec, Public Sector Pension Investment Board, and Investcorp.
AlixPartners acquired Matrix Economics and Freeh Group (led by former FBI director Louis Freeh) for their investigations and compliance practices in 2020. In November 2021, AlixPartners announced a partnership with Palantir for shared clients to utilize Palantir's Foundry analytics platform. In February 2023, AlixPartners announced the acquisition of London-based advisory firm THM Partners.
From Wikipedia’s article on AlixPartners, shared under CC BY-SA 4.0.4
In 1990, Jack Sanders (great-grandson of Fred Sanders) and former co-owner Filipp Kreissel, filed a $6 million lawsuit against AlixPartners and a lender. The suit was dismissed by the judge during the first day of oral arguments in August 1990, who found the suit lacked merit.
In 2014, AlixPartners accused several executives exiting the firm to join McKinsey & Company of stealing trade secrets.
In 2018, AlixPartners founder Jay Alix brought a lawsuit against McKinsey & Company, accusing the management consulting firm of misleading the bankruptcy courts about conflicts of interest. As of August 2023, McKinsey had lost its bid to end the racketeering litigation brought by Jay Alix.
From Wikipedia’s article on AlixPartners, shared under CC BY-SA 4.0.4
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