Mr. Dolan will be based at the company’s headquarters in Minnetonka, MN and will focus on building Cherry Tree’s information services and business information practice and he will also be responsible for expanding the firm’s existing coverage of the media sector.
“I am excited to join Cherry Tree and its impressive professional team,” said Mr. Dolan. “We’ve had a long history together and I am eager to contribute to Cherry Tree’s very strong growth. Great things are happening here and I am pleased to be a part of it.”
Until last March, Mr. Dolan was chairman, president and chief executive officer of The Dolan Company, a provider of professional services and business information to the legal, financial and real estate sectors. He founded the company with Cherry Tree in 1992.
“We have known Jim for over 25 years, during which he proved himself to be a tremendous business builder and one of the most accomplished and professional CEOs we have ever known,” said Gordon Stofer, President and Managing Partner of Cherry Tree & Associates. “We are excited about working alongside Jim as he helps us grow our M&A practice. The fact that he completed 76 acquisitions and two dozen divestitures while at The Dolan Company provides a solid foundation for further M&A transactions at Cherry Tree.”
Previously, Mr. Dolan was executive vice president of a New York-based boutique investment bank specializing in media; a partner in a Chicago media M&A investment bank; and was employed by News Corp. for 12 years, the last three running its corporate development New Media Group in New York. He began his career as a reporter and editor of several metropolitan daily newspapers in Texas.
Cherry Tree & Associates is Minnesota’s eighth-largest broker-dealer investment bank providing strategic and M&A advisory services to middle-market firms. Its private placement team works with management teams and boards of directors to attract growth and expansion capital. It also provides fairness opinions and other valuation services. Cherry Tree is headquartered near Minneapolis in Minnetonka, MN (www.cherrytree.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-9-14