December 23, 2019 – BG Staffing, Inc., a NYSE-traded provider of workforce solutions, has acquired L.J. Kushner & Associates, an executive search and professional recruitment firm dedicated exclusively to the information security industry. Financial terms of the deal were not disclosed.
Since 1999, L.J. Kushner & Associates has provided services nationally to companies of all sizes (early stage to global industries with more than 100,000 employees) with diverse needs for every major component of the information security industry, including: corporate information security functions, information security consulting and professional services firms, information security software vendors and information security business units of global technology companies.
“We welcome L.J. Kushner & Associates as a valued new addition to our professional segment providing broadened workforce solutions,” said Beth A. Garvey, president and CEO of BG Staffing. “We have long recognized the growing importance and heightening need for cyber security-related services across virtually all recruitment verticals. We feel this addition supports our vision for the future, providing a holistic solution to our client partners and strengthens our brand throughout the country.”
“L.J. Kushner & Associates places talent with a broad range of services (C-suite and below) either for chief information security officers, technical leadership positions, the development of specific information security functions, and entire program upgrades,” said Ms. Garvey. “They have an outstanding reputation for delivering quality information security professionals to their clients, with a high degree of both accuracy and efficiency.”
“We are excited to become a part of the BG Staffing family of companies,” said Lee J. Kushner, president of L.J. Kushner & Associates. “As the demand for information and cyber security talent continues to increase, and the skill gap widens, the market demands a more comprehensive solution. With the opportunity to couple our 20-plus years of information security industry recruitment experience and reputation with BG Staffing’s vision, resources and leadership, together we are well positioned for future success.”
L.J. Kushner & Associates marks the 10th acquisition made by BG Staffing since 2009 to add resources and capabilities to enhance and expand the company’s service offerings. As is BG Staffing’s custom, the L.J. Kushner & Associates trade name will remain and operate as a separate brand under the BGSF umbrella (with operations in three segments: real estate, professional and light industrial).
Headquartered in Plano, TX, BG Staffing provides workforce solutions to a variety of industries through its various divisions. The company’s disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF’s portfolio of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to client partners while building value for investors.
A number of private equity, staffing and advisory companies have acquired executive search firms over the past year. Here’s a sampling from the Hunt Scanlon Media archives:
The Planet Group, a portfolio company of MidOcean Partners and provider of outsourced human capital and consulting solutions, has entered into an agreement to acquire Waltham, MA-based executive search firm WinterWyman. Michael Stomberg, CEO of Planet, said the acquisition aligns with Planet’s strategic initiative to provide a full suite of consulting and strategic resourcing solutions to its global client base.
Professional services firm SolomonEdwardsGroup acquired QUAD656, a certified women-owned executive search firm in the Delaware Valley with offices in Wayne, PA and Mount Laurel, NJ. Since 2001, QUAD656 has been recruiting and placing senior talent across multiple disciplines, adding recruiting strength and a robust client base to SolomonEdwards’ existing portfolio. In return, the QUAD656 team is expected to benefit from SolomonEdwards’ infrastructure in marketing, salesforce automation, IT and HR administration.
LandrumHR, a Pensacola, FL-headquartered full-service human resources firm, acquired hrQ in Denver. The HR sector is hrQ’s bailiwick. The firm focuses exclusively on providing HR professionals for short- or long-term contract assignments and full- time hires as well as offering expertise on a variety of human resource consulting projects.
Consulting and people solutions business, New Street Group, acquired London-based search and leadership consultancy Wickland Westcott. Wickland. With over 40 years of experience, Wickland Westcott blends commercial judgement with psychological expertise to enhance organizational and individual performance.
Aleron Group, a global workforce and business solutions company, acquired TalentRISE effective immediately. Founded in 2008, TalentRISE supports companies in nearly every vertical — retail, manufacturing, technology, financial services, healthcare, life sciences, e-commerce, and more — with custom and comprehensive talent acquisition solutions.
The Power of Talent Ltd. (Bidco), an entity owned and controlled by investment funds managed by DBAY Advisors, has made a £98.7 million bid to acquire London-based recruitment firm Harvey Nash. David Morrison, investment director of DBAY, said his firm was pleased to have reached agreement with the Independent Harvey Nash directors.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media