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Plan B, Rockwell Merge for New Management

CHICAGO-Plan B acquired the firm to add regular third-party management to its court-ordered receivership work. The new firm will go under the Rockwell Management name.

By Robert Carr | Updated on October 11, 2011

CHICAGO-Plan B Solutions LLC, an advisory firm that specializes in court-appointed receiving for commercial real estate, has acquired Rockwell Group Property Management. Both firms are based here, and the new firm will be based on Goose Island and go by Rockwell Partners LLC.

The 3-year-old Plan B handles court-appointed actions for multifamily, retail and office properties, with clients such as American Chartered Bank, Wintrust Financial, Bank of America, Cohen Financial and Starwood Capital. However, the firm has been moving to handle more traditional third-party management, says Managing Principal Doug Fisher.

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