Acertitude Acquires Olive Avenue Search Partners

June 1, 2017 – The wave of M&A activity among executive search firms continues. The latest deal: Acertitude has acquired Los Angeles-based Olive Avenue Search Partners. Financial terms of the deal were not disclosed. Olive Avenue’s founders, Gwen Sabo and Joann Maciejewski, bring deep expertise in the development of research capabilities, training and development, and identifying and engaging top talent.

“We started Acertitude with a commitment to drive better results and experiences for our clients and the candidates engaged in our process,” said Kevin O’Neill, co-founder and managing partner. “As we continue on this path, it is critical to add leaders who embrace this commitment and who bring cutting-edge strategies and creative leadership. Gwen and Joann are aligned with our purpose to discover, connect and empower brilliant people at work.”

Co-founder and managing partner Rick DeRose added: “We are constantly evolving to drive smarter and more certain hiring decisions for our clients. The addition of the Olive Avenue team will help us build our business intelligence and research capabilities globally — a critical component of our re-engineered delivery model.”

Integration

Ms. Sabo joins the Acertitude team as senior director, execution and delivery. With 20 years in executive search, she is well versed in identifying and recruiting senior talent. She co-founded Olive Avenue Search Partners with Ms. Maciejewski in 2012. Together, they conducted training for corporate clients and recruited recruiters for a variety of companies. She was previously with Heidrick & Struggles for 13 years.

Ms. Maciejewski joins Acertitude as principal, with extensive executive search and assessment experience at the board, CEO, and senior management levels for public, private and private-equity-backed companies. Prior to co-founding Olive Avenue, she spent 20-plus years at Heidrick & Struggles, conducting internal recruiting as well as working in the industrial, technology, entertainment, consumer, healthcare and leadership consulting practices.

“We could not be more delighted to join the Acertitude family,” said Ms. Sabo. “From our first conversation, we were hooked on ‘what is’ and more, ‘what can be’ when two foundationally aligned companies come together. We admire the market reputation and commercial engine present in the Acertitude brand. Together with Olive Avenue’s legacy of exceptional client service and executive search intelligence, we are far greater than one plus one.” 


Prosperity Found Among Recruiting Boutiques That Merge
One look at this year’s recruiting industry statistics reveals one clear trend line: double digit growth and expansion is taking place among the sector’s boutique specialists. Many of the firms have taken the more bold and audacious M&A route to achieve this.


Recent M&A activity

Executive search firms have seen a rise in M&A activity in other sectors as well. In fact, activity seems heightened across the board. Whether this points to mass consolidation or just smart joint venturing still remains to be seen.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Chase Barbe, Managing Editor – Hunt Scanlon Media

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