In 1982, Morgan, the great-grandson of J. P. Morgan, established a retail and brokerage firm known as Morgan Lewis Githens & Ahn, Inc.[11] In 1985, it organized a leveraged buyout with the Olin Corporation, an industrial chemical concern based in Stamford, Connecticut, of Olin's Ecusta cigarette paper business.[12] In 1987, the firm assisted with the acquisition of Service America Corp. from Alleco Inc., formerly Allegheny Beverage Corporation, for $450 million in cash and securities.[13]