CHICAGO — Seeking to cement its foothold on Midwestern business, the New Jersey-based financial advisory firm Acacia Financial Group Inc. has opened a Chicago office and hired veteran public finance banker Courtney Shea to lead the firm's efforts in Illinois.

Shea's hiring marks the firm's first major physical expansion westward and the culmination of several years' worth of work during which Acacia's team of roughly 14 professionals sought to carve out a chunk of business in Illinois and neighboring states by participating in the competitive processes held by governments.

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