May 2, 2017 – Chicago-based recruiting firm Addison Group has acquired AIM Consulting, a technology consulting firm. Financial terms of the deal were not disclosed. The acquisition strengthens Addison Group’s presence in key markets, anchored by a tenured leadership team with expertise in technology solutions and services.
Founded in 2006, AIM Consulting has offices in Seattle, Denver, and Minneapolis. The company offers a range of service offerings and engagement tools to more than 400 clients. With this partnership, AIM Consulting will augment Addison Group’s position in the information technology sector by bringing its experience in IT consulting and recruiting along with an enterprise customer portfolio. The transaction also aligns with Addison Group’s strategy to expand its national footprint through organic growth and acquisitions of companies that have complementary service offerings, are high-growth and high-margin, that focus on customer satisfaction, expand its reach, and share common business values.
“With the acquisition of AIM Consulting, we saw a clear opportunity to merge Addison Group’s proven performance in IT staffing with a powerful technology solutions and services provider,” said Thomas Moran, Addison Group CEO. “Given the operational and cultural similarities of our two firms – this partnership is an exciting opportunity to evolve how we bring the right people together with the right companies to do great work.”
In the future, he said, “we expect to extend this new platform of high-level IT consulting services to full cycle solutions-based staffing services into all of our existing markets under the AIM Consulting brand.” He said Addison Group and AIM Consulting “look forward to bringing together all of our synergies and deep experience” to further deliver value to its customers.
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“AIM Consulting is proud to join forces with a world class service organization like Addison Group. We believe this acquisition best positions our firm and its great people for enhanced growth and opportunity,” said Kyle Guilford, AIM’s CEO and co-founder. “We are excited about expanding our services into new markets and working with such a capable and passionate organization.” He said his firm’s leadership team is committed to the long-term success of the combined organization and excited about what the future holds.
This acquisition follows Odyssey Investment Partners making a strategic investment in Addison Group to help support the firm’s organic and acquisition growth strategy. “After several years of sustained growth, Addison Group’s partnership with Odyssey arms us with significant capital to propel our growth strategy to the next level,” said Mr. Moran. “We will remain highly focused on expanding nationally through organic opportunities, while also continuing to add tuck-in acquisitions that complement our business model and culture.”
Addison Group provides recruiting services for the information technology, finance & accounting, executive search, healthcare, HR & administrative, and engineering industries. It currently has 18 offices in cities across the U.S.
Over the past year, Hunt Scanlon Media has reported on several search firms expanding their leadership consulting service businesses via acquisition. Here’s a look at just a few:
- Morgan Samuels acquired human capital consulting firm Delivery Point Advisors. The company offers a spectrum of solutions designed to help clients unlock potential from their people, including executive assessment & development; high performance team building; functional assessment & roadmap design; organization design; change management; and restructuring, M&A and integration advisory services.
- Heidrick & Struggles acquired Philosophy IB, a leadership consultant based in Florham Park, NJ. Philosophy IB was established in 2000 by founding partners Christine Lotze and Kaveh Naficy and today serves Fortune 100 companies focused on assisting clients execute their strategies by changing how people work. Heidrick also acquired Decision Strategies International (DSI), a Philadelphia-based strategy and leadership advisory firm. Founded in 1990 by Paul Schoemaker, DSI has advised some of the world’s best-known organizations; it specializes in strategic planning and decision making in uncertain operating environments, leadership development, and talent strategy.
- Russell Reynolds Associates acquired Norway-based leadership consulting and executive search firm Amrop AS. According to the firm, client demand for an expanded Nordic hub has grown, as Scandinavian markets have taken leading positions in global industries, including energy, aquaculture and shipping. Norwegian funds in the region have also become increasingly significant investors and have pioneered best practice boardroom governance and diversity – setting the benchmark for companies worldwide.
- Alder Koten acquired OCE Consulting, a Houston-based management consulting firm. OCE Consulting focuses on helping clients achieve successful deployment of their business strategies, through culture deployment and the effective application of change management techniques. The firm’s list of clients includes a wide array of companies in different industries and regions of the world – including industrial conglomerates, manufacturers, energy companies, and financial institutions.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media